Mitsui sells RM1b worth of stocks in IHH Healthcare

It's a 2% stake for RML6.20 per share.

Japanese firm Mitsui & Co sold its 2% share in IHH Healthcare for RM1.02 billion, valued at RM6.20 per share.

The sell-off was done through Mitsui's subsidiary MBK Healthcare Partners. The transaction reduced MBK Healthcare Partners' interest in IHH from 20.1% to 18.1%.

Malaysian media The Star Online reported that this was the first time since IHH’s listing in July 2012 that the Japanese company -- the second largest shareholder in IHH -- had pared down its stake. In contrast, IHH’s largest shareholder Khazanah Nasional Bhd and third largest shareholder the Employees Provident Fund Board have been actively buying and selling IHH shares.