Japan's Mitsui to invest in managed care service startup MiCare

Economy

Japanese trading house Mitsui & Co., along with the International Finance Corp., will invest a combined $60 million in Singapore-based managed care service startup MiCare HealthTEC Holdings Pte. Ltd. to boost medical service in Southeast Asian markets. Mitsui & Co. (Asia Pacific) Pte. Ltd., a subsidiary of Mitsui & Co., and the IFC, a member of the World Bank Group, will acquire new shares to be allotted by MiCare to them on a 50-50 basis, an official of the Japanese company said Friday, without disclosing their shareholding ratios after the acquisition. MiCare is a subsidiary of Singapore-bas...

Kyodo News

Kyodo News