Sunway aims for IPO in 6-8 years after sale of 16% in healthcare unit to GIC for $180m

Sunway aims for IPO in 6-8 years after sale of 16% in healthcare unit to GIC for $180m

source: Sunway Bhd

Malaysian conglomerate Sunway Bhd has sold a 16% stake in its healthcare unit Sunway Healthcare Holdings to Singapore’s sovereign wealth fund GIC for 750 million ringgit ($180 million), which will help the company add more hospitals to its network.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter