Malaysia's Sunway plans to raise $300m for health care expansion

SINGAPORE/KUALA LUMPUR -- Malaysia's diversified group Sunway Bhd plans to raise up to $300 million to support expansion of its health care business, according to sources familiar with the matter.

Sunway will issue around 20% to 25% fresh shares in its health care business as part of the fundraising, the sources said. Potential investors include private equity companies, as the holding company is open to only minority investments.