Sime Darby healthcare JV listing can raise RM500m

sime Darby HQ Ara Damansara

KUALA LUMPUR: CGS-CIMB Equities Research is positive on Sime Darby’s possible listing of its 50:50 joint-venture healthcare unit, Ramsay Sime Darby Healthcare (RSDHC), which could raise at least RM500mil in 2021F.

“We gathered from management that the process is in the preliminary stage and that the group is assessing the timing given the ongoing Covid-19 pandemic and market conditions, ” it said.