HEALTHCARE | Staff Reporter, Malaysia

Sime Darby mulls separate listing of healthcare unit

Listing on Malaysia's stock exchange could happen by 2021.

Sime Darby, one of Malaysia’s oldest conglomerates, is weighing a separate listing for its healthcare unit that could raise at least $121m (RM500m), people familiar with the matter told Bloomberg.

The company reportedly held discussions with potential advisers for an initial public offering of Ramsay Sime Darby Health. A listing on Malaysia’s stock exchange could happen as early as 2021, said the people, who asked not to be identified as the information is private. Sime Darby jointly owns the health care unit with Australia’s largest private hospital operator Ramsay Health Care.

Deliberations are at an early stage and details of the offering including size and timeline could still change, people privy to the matter said.

Read more from Bloomberg.


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