WCM, BKSB AND Andorra to collaborate on healthcare facilities development on Waqf land

KUALA LUMPUR: Widuri Capital Management Sdn Bhd (WCM), Bintang Kencana Sdn Bhd (BKSB) and Andorra Healthcare Bhd (AHB) inked a memorandum of understanding (MoU) to collaborate in the development of women and children healthcare facilities on Johor and Selangor Waqf land.

WCM is a private equity management corporation registered with the Securities Commission Malaysia.

WCM director Datuk Alex Wee Cheng Kwan said that this collaboration will complement the company’s existence to provide the local healthcare facilities based companies with greater access to alternative sources of funds from the local private equity market.

"As a partner in BKSB, we have no doubt about BKSB’s ability to develop new healthcare facilities and acknowledge the capabilities of AHB in managing the said hospitals.

"The fund will be able to facilitate BKSB’s plans to undertake the said development,” he said.

Meanwhile, BKSB chief executive officer Datuk Ahmad Raziff Abu Bakar commented that this project will not only benefit the targeted community around the Waqf land but will also offer potential development projects for BKSB in the near future.

"This signing was significant for BKSB to promote several other hospital development projects nationwide as well as enable the Waqf land to be prosperous to benefit the targeted community.

"BKSB has identified other potential locations in the country and has partnered with reputable operators while promoting the centre of excellence,” he added. - Bernama

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