Sunway to buy land in Kelantan for RM28mil

Sunway said the proposed acquisition is in line with the Sunway Healthcare Group’s overall strategy to expand its network of tertiary hospitals, in particular to locations where private healthcare is underserved.

PETALING JAYA: Sunway Bhd’s unit has proposed to acquire 3.81 ha of leasehold land in Kota Baru, Kelantan, for RM28.7mil, marking its maiden expansion into the east coast of Malaysia.

The diversified conglomerate announced yesterday that its subsidiary Sunway Medical Centre Kota Bharu Sdn Bhd (SMCKB) had entered into a sale and purchase agreement with Liziz Standaco Sdn Bhd for the acquisition of the land, with a 99-year lease expiring on Aug 20,2102.

Sunway said the proposed acquisition is in line with the Sunway Healthcare Group’s overall strategy to expand its network of tertiary hospitals, in particular to locations where private healthcare is underserved.

“The expansion into Kota Baru will be the Sunway Healthcare Group’s maiden expansion into the east coast region and will further add to its brand visibility as a provider of high quality customer experience, ” the company said.