Reported about 8 hours ago
Sunway Bhd. has selected banks including HSBC and Malayan Banking to facilitate an initial public offering (IPO) for its healthcare division, which could be Malaysia's largest in a decade. The company aims to raise 3-4 billion ringgit based on a valuation of about 20 billion ringgit ($4.5 billion), surpassing previous estimates. This move signals a positive outlook for Sunway Healthcare, as it looks to expand its hospital capacity significantly by 2030.
Source: YAHOO