Malaysia's Sunway plans to sell healthcare stake to Singapore's GIC, says report

Sunway Bhd is looking to sell a strategic stake in its healthcare business to Government of Singapore Investment Corporation (GIC),

KUALA LUMPUR, June 19 (Reuters): Malaysian conglomerate Sunway Bhd is looking to sell a strategic stake in its healthcare business to Government of Singapore Investment Corporation (GIC), The Edge Weekly reported on Saturday.

The weekly, citing two unnamed sources it said were familiar with Sunway, reported that the deal is close to conclusion and Sunway could be selling 20% to 25% of equity in its healthcare business as early as this week.