Facing the media: (From left) Dr. Tan, chairman Datuk Mohammed Azlan Hashim and Low at IHH’s press conference after its AGM.IHH is the owner and operator of the Pantai and Gleneagles private hospitals in Malaysia.
KUALA LUMPUR: IHH Healthcare Bhd
is looking to further reduce its non-Turkish lira foreign currency debt for its 90%-owned subsidiary Acibadem to mitigate the overall effects of foreign currency fluctuations on the group.
“Of the remaining US$420mil non-Turkish lira borrowings, we are looking to refinance another US$250mil with a view to swap at least half or more of this into lira (debt) to reduce non-Turkish lira exposure.
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