IHH offers RM5.67bil for Ramsay-Sime Darby JV


Sime Ramsey Subang Med Centre

PETALING JAYA: Sime Darby Holdings Bhd has confirmed that the company and Ramsay Health Care Ltd have received a confidential, conditional and non-binding proposal from IHH Healthcare to acquire 100% of their 50:50 joint venture (JV) Ramsay Sime Darby Health Care Sdn Bhd (RSDHC).

In a filing with Bursa Malaysia, Sime Darby said the conditional indicative enterprise value for the JV was RM5.67bil or US$1.35bil on a cash-free, debt-free basis.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

IHH Healthcare , Ramsay , Sime Darby , offer ,

   

Next In Business News

Kerjaya Prospek unit bags contracts with combined value of RM34.43mil
Singapore Sept core inflation at 2.8% y-o-y
Slight gains for KLCI as uncertainty prevails
Gamuda extends rally by over 2% as Taiwan job win lifts
Investors remain on the sidelines as Wall St stocks end mixed
Ringgit rebounds slightly vs US$ in early trade
Trading ideas: Gamuda, Bahvest, Teo Seng, Green Ocean, HSS Engineers, Ge-Shen, Willowglen, Globetronics, Wasco, Life Water
Wall St ends flat as investors digest yields, earnings
SME Association: Address minimum wage concerns
HSS inks JV deal with Opus International

Others Also Read