Khazanah stands to make a pile from IHH stake sale

Healthcare provider: IHH operates 49 hospitals across nine countries. The group’s portfolio comprises premium-brand healthcare assets including Pantai Hospital.

CONTRARY to claims made by former Prime Minister Datuk Seri Najib Tun Razak, IHH Healthcare Bhd will remain very much a Malaysian entity after Khazanah Nasional Bhd’s partial divestment of its stake in the healthcare services provider.

No doubt, Khazanah’s sale of a 16% stake in IHH to Mitsui & Co Ltd will result in the Japanese group becoming the largest shareholder in the company.