ISEC unit partners for new Malaysian ophthalmology centre

The joint venture company will have an issued share capital of $30.

ISEC Healthcare Ltd. has announced that its Malaysian subsidiary has entered into a joint venture (JV) agreement with Bond Infinity Sdn. Bhd. (Bond Infinity) for an ophthalmology centre in the country.

In a bourse filing, the company said ISEC Sdn. Bhd. (ISEC Malaysia) signed the agreement. The subsidiary and Bond Infinity will incorporate a joint venture company under the proposed name of ISEC (Seremban) Sdn. Bhd. which will establish, operate, and administer an ophthalmology centre in the city of Seremban, State of Negeri Sembilan.

The centre will provide medical consultations and services, subject to all requisite approvals, licenses and permits as required under the Private Healthcare and Facilities Act 1998 of Malaysia.

The JV company's issued share capital upon incorporation shall be $30 (RM100) comprising 100 ordinary shares.

Investment in the ophthalmology centre will be funded by internal resources. It is not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of ISEC Healthcare for the current financial year ending 31 December 2025.