SWAN & MACLAREN SHARE PRICE (SMH.01) $8.07 +0.17 (+2.06%) LAST UPDATE: 07 DEC 2022 05:06:34 PM

Swan & Maclaren Group Forms Strategic Partnership with Senior Living Operating Arm of Yincheng International Holding Co.

03 July 2024

𝐒𝐰𝐚𝐧 & 𝐌𝐚𝐜𝐥𝐚𝐫𝐞𝐧 𝐅𝐨𝐫𝐦𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐒𝐞𝐧𝐢𝐨𝐫 𝐋𝐢𝐯𝐢𝐧𝐠 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐀𝐫𝐦 𝐨𝐟 𝐘𝐢𝐧𝐜𝐡𝐞𝐧𝐠 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐇𝐨𝐥𝐝𝐢𝐧𝐠 𝐂𝐨.

Swan & Maclaren Group is proud to announce our strategic partnership with Nanjing-based senior living operator Yincheng Elderly Care. Through this partnership, both parties will jointly study, explore, and enter into the senior living markets in China and Southeast Asia. By combining our respective capabilities in design, build, and managed operations, our strong track record in developing healthcare and elderly care projects puts us in pole position to offer best-in-class and fully integrated services for senior living projects.

YinCheng Elderly Care is a subsidiary of YinCheng International Holdings Co – a company listed on the Hong Kong Stock Exchange (HSI:01902). With more than 22 elderly care projects across Jiangsu Province and more than 10 years of operating experience, they are the leading senior living operator across Nanjing, Suzhou, and Wuxi.

“This strategic partnership will be key to enhancing service standards and promoting innovation in the healthcare and elderly care sectors,” said Zhu Yongtian, General Manager of Yincheng Elderly Care.

Swan & Maclaren Group is a Singapore-based design and build firm with more than 130 years of history and a portfolio of some of the most iconic projects in Singapore and across the region. In healthcare, the Group is behind award winning projects such as Raffles Hospital in Singapore, Raffles Hospital in Shanghai, Raffles Hospital in Chong Qing, as well as a portfolio of National Kidney Foundation clinics across Singapore.

Mr. Chaiboon Lim, Group CEO of SMG, stated, “This partnership represents a pivotal step towards fostering innovation and enhancing design in the healthcare and senior living sectors. By combining our strengths, we are poised to make a meaningful impact on the communities we serve, promoting a higher quality of life.”

Together, Swan & Maclaren Group and Yincheng are committed to creating a brighter future, offering superior quality services and innovative solutions to our clients.