ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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

Diversified group will increase hospital capacity to 2,500 beds by 2025

A doctor attends to a patient at Kuala Lumpur Hospital in Malaysia on May 23.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more