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Japan's Mitsui to pour $1bn into health care

Trading house steps up efforts to diversify

TOKYO -- Trading house Mitsui & Co. plans to invest a total of 120 billion yen ($1.02 billion) in the health care sector by March 2020, as the company aims to diversify its earning sources from operations tied to natural resources.

Malaysia's IHH Healthcare, a provider of advanced treatments to affluent patients across Asia, is positioned as Mitsui's core asset in the sector. Last year, the Japanese company invested in the Columbia Asia group, which operates hospitals for middle-income patients, and also in Singapore-based dialysis clinic operator DaVita Care, spending more than 10 billion yen each.

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