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.

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.

But collectively, Khazanah, together with other Malaysian funds such as the Employees Provident Fund (EPF), Kumpulan Wang Persaraan (diperbadankan) and Permodalan Nasional Bhd, will continue to own a bigger stake in IHH than Mitsui.

Over the week, Khazanah announced that it would be selling a 16% stake, or 1.4 billion shares, in IHH to Mitsui at RM6 per share.

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Journey begins for Khazanah 3.0

Companies likely to see changes in shareholding

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Corporate News , IHH , Khazanah , Najib