SUBANG JAYA: Sunway Healthcare Holdings Bhd (SHH) aims to raise RM833.8 million through its initial public offering (IPO), priced at RM1.45 per share ahead of its listing on the Main Market of Bursa Malaysia.
The company is expected to be listed on March 18, 2026
According to the prospectus, from the IPO proceeds, a total of RM554.05 million or 66.5 per cent will be used for capital expenditure for expansion of the group's existing hospitals within 36 months from the date of its listing.
"A further RM249.71 million (29.9 per cent) will be used for redemption of the sukuk wakalah within 24 months of its listing and RM30 million (3.6 per cent) to defray fees and expenses in relation to the IPO," it said.
Sunway Group Bhd founder and chairman Tan Sri Jeffery Cheah said the addition of SHH would increase Sunway Group's market capitalisation to more than RM70 billion.
He said currently, the combined market capitalisation of the group's three public listed entities, namely Sunway Bhd
, Sunway Construction Group Bhd and Sunway Real Estate Investment Trust (REIT), is more than RM58 billion.
"(The growth) will depend on the prevailing market condition when SHH is listed but the strong support from our international and domestic institutional investors, many of whom have come on board as cornerstone investors, reflects the trust and faith in our Sunway brand.
"I am confident that SHH will be among the leading integrated healthcare providers in the region," he said during his keynote address at SHH's IPO prospectus launch here today.
Meanwhile, SHH group president Datuk Lau Beng Long said the group will be focusing on brownfield expansion from 2026 to 2028 by increasing bed capacity and optimising utilisation of its five existing hospitals.
"We have three new hospitals in the pipeline: a tertiary hospital in Seremban, Negeri Sembilan, one in Iskandar Puteri, Johor and one in Putrajaya through a joint venture with Putrajaya Holdings Sdn Bhd.
"Both the brownfield and greenfield expansions are expected to nearly double our capacity by 2032, providing a strong and visible growth pipeline over the next five to six years," he said.
He said SHH will further enhance clinical excellence across its existing hospitals by expanding sub-specialties and treatment services.
"We will continue expanding our sales and patient referral offices, agent networks and strategic collaborations in overseas markets," he added
The IPO will comprise up to 1.969 billion shares, including 1.39 billion existing shares and 575 million new shares.
It involves an institutional offering of up to 1.62 billion shares, representing about 14.1 per cent of the company's enlarged issued share capital, and a retail offering of 345 million shares, or about 3.0 per cent.
The application of the IPO retail offering opens today and will be closed at 5pm on March 5, 2026.
Maybank Investment Bank and AmInvestment Bank will act as joint principal advisers, joint global coordinators, joint bookrunners, joint managing underwriters and joint underwriters for the IPO. - Bernama
