Malaysian sovereign wealth fund Khazanah Nasional Bhd announced on Tuesday it has divested its stakes in Prince Court Medical Centre to IHH Healthcare Bhd for 1.02 billion ringgit cash ($240 million).
Khazanah, via its wholly-owned indirect subsidiary Pulau Memutik Ventures Sdn Bhd, has signed a share purchase agreement with Pantai Holdings Sdn Bhd – a wholly-owned indirect subsidiary of IHH Healthcare – to divest its 100 per cent stake in Prince Court Medical Centre.
