SINGAPORE (Sept 5): Oxley Holdings announced its 75%-owned subsidiary, Oxley Zhong Xin Yi (Chongqing), has entered into a strategic cooperation framework agreement with China’s Chongqing Liangjiang New Area Administrative Committee to develop an integrated medical hub in the Chongqing Liangjiang New Area.

In a Monday statement, the developer says it intends to enter into further definitive agreements for such purposes by Dec 31 this year.

Oxley also states that none of the directors or controlling shareholders of the company has any direct or indirect interest in the agreement, save through his shareholding in the company, if any.

Shares of Oxley closed flat at 44 Singaporean cents on Friday.