Sunway in talks on potential stake sale in healthcare unit

by BERNAMA / pic by TMR FILE

SUNWAY Bhd confirmed that it has appointed Maybank Investment Bank Bhd to explore strategic investment options for its healthcare portfolio.

The company said this was in line with its objective to enhance shareholder value by exploring and evaluating various options for its businesses.

The company was clarifying on two news reports titled “Sunway said to pick Maybank on US$250 million healthcare unit stake sale” published on September 3, and “Sunway picks Maybank to help RM1 billion healthcare unit stake sale” published on September 4.

“Should there be any material development, the company will make the necessary announcement, in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Bhd,” Sunway said in a filing to Bursa Malaysia today.

It was reported that Sunway plans to sell a combination of old and new shares representing 20-25 per cent stake in Sunway Medical Centre Bhd, and according to sources, has reached out to potential suitors.

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