IHH owns 60% of Turkey-based healthcare group Acibadem Holdings, which contributes about a third of its revenue.
PETALING JAYA: IHH Healthcare Bhd
’s shares fell to a 43-month low amid ongoing concerns about its Turkish hospitals that could see it recognise higher foreign currency translation losses.
The second largest hospital group in the world saw its shares tumbling by 23 sen or 4.35% to RM5.06 at yesterday’s close after a healthcare sector report by Affin Hwang Capital Research had highlighted IHH’s issues in Turkey.
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