KUALA LUMPUR: IHH Healthcare Bhd
has proposed the disposal of IMU Health Sdn Bhd and IMU Hospital for an initial cash consideration of RM1.35bil.
In a filing with Bursa Malaysia, the healthcare group said under a conditional share sale agreement, it will dispose of 1.14 million shares, the entire equity interest, in IMU Health to Inbound Education Holdings Sdn Bhd, a company controlled by Hong Leong Healthcare Group Sdn Bhd, The Rise Fund Inbound SF Pte Ltd and the Employees Provident Fund.
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