SINGAPORE: Mitsui & Co is exploring a deal to take Malaysian hospital group IHH Healthcare Bhd private, according to people with knowledge of the matter.
Some private equity firms have approached the Japanese trading house to team up on the potential transaction to buy out IHH’s other shareholders, said one of the people, who asked not to be named as the information is private.
Mitsui has reached out to Khazanah Nasional Bhd, IHH’s second-largest shareholder, to pick up its stake, another person said.
IHH, which is listed on the stock exchanges of Malaysia and Singapore, has a market value of RM49bil (US$12bil).
KUALA LUMPUR (April 30): Based on corporate announcements and news flow today, companies that may be in focus on Monday (May 3) include: FGV Holdings Bhd, MSM Malaysia Holdings Bhd, IHH Healthcare Bhd, Mr DIY Group (M) Bhd, Priceworth International Bhd, KLCCP Stapled Group, Sapura Resources Bhd, Sapura Energy Bhd, Malayan Banking Bhd, Al- Aqar Healthcare REIT, Top Glove Corp Bhd, Fajarbaru Builder Group Bhd and Sarawak Oil Palms Bhd.
FGV Holdings Bhd s (FGV) subsidiaries,
MSM Malaysia Holdings Bhd (MSM) and FGV Integrated Farming Holdings Sdn Bhd (FGVIF), have entered into a binding term sheet on the respective disposal and acquisition of a 100% stake of MSM s wholly-owned subsidiary MSM Perlis Sdn Bhd. With an initial disposal consideration of RM175 million, the agreement is set to be completed by the third quarter of this year.
has completed the sale of its entire 50% equity stake in its Apollo Gleneagles Hospital Ltd, Kolkata (AGHL) joint venture to Apollo Hospitals Enterprise Limited (Apollo).
“Our divestment of the AGHL joint venture is aligned with our ‘Refreshed Strategy’, which includes a review of our portfolio and capital deployment to optimise returns for shareholders.
“With the monetisation of this non-core asset, we will focus on strengthening our existing healthcare operations across India,” managing director and CEO Dr Kelvin Loh said in a statement.
“Given these challenging COVID-19 times in India, the welfare and safety of our colleagues, the doctors and nurses are our top priorities, as they serve and care for our patients. These are difficult times for all and we will stand together to come out stronger and support the Indian healthcare sector,” he added.
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