IHH proposes sale of IMU Health for RM1.35bil

IHH Healthcare disposal of IMU Health Sdn Bhd and IMU Hospital for an initial cash consideration of RM1.35bil.

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.