Sime Darby pauses healthcare arm IPO

Sime Darby chief executive officer Datuk Jeffri Salim Davidson (pic) said the group has decided to put the IPO plan on hold.

KUALA LUMPUR: Sime Darby Bhd has decided to shelve its initial public offering (IPO) plan for its healthcare business Ramsay Sime Darby Health Care Sdn Bhd (RSDHC).

It was reported earlier that the group is eyeing to list its healthcare arm on the main market of Bursa Malaysia valued at US$300mil (RM1.25bil).