Kencana Capital is a cornerstone investor of IHH US$2bil listing

PETALING JAYA: Kencana Capital Sdn Bhd, which is controlled by Datuk Mokhzani Mahathir (pic), has emerged as one of the cornerstone investors in the US$2bil listing of IHH Healthcare Bhd, sources said.

Mokhzani is no stranger to the heathcare industry as he used to be the major shareholder of Pantai Holdings Bhd, which he controlled via Tongkah Holdings Bhd. He was previously also the chairman and chief executive officer of Pantai Holdings.