Malaysia-based hospital operator Kumpulan Medic Iman Sdn Bhd (KMI Healthcare) is said to be divesting around 30 per cent stake to fund expansion plans, three sources familiar with the matter told DealStreetAsia.
The company, which is 99 per cent owned by Malaysia-listed plantation company TDM Bhd, has hired PwC as the sell-side advisor. The stake sale exercise is said to have been kicked off in May, one of the sources mentioned above said.
