$

IHHH

IHH Healthcare Berhad
IHHH.KL
Last Price
5.75
08:50 GMT / 18 SEP 2019
Value Change [%]
0.06
[(1.05%)]
Volume
1,882,100
Open
5.77
Day's High
5.79
Year's High
5.95
Previous Close
5.69
Day's Low
5.69
Year's Low
4.52
Earnings Per Share
0.07
P/E Ratio
82.58
Lot Size
100
Div. Yield (%)
0.53
Dividend
0.03
Div. Pay Date
18 JUL 2019
Ex-Div. Date
27 JUN 2019
Last Trade
5.75
Last Trade Time (GMT)
08:50
Last Trade 2
5.75
Last Trade 3
5.75
Volume
1,882,100
Turnover
10,796,207
Bid
5.72
Bid Size
110,300
Ask
5.75
Ask Size
320,500
Close Bid
5.67
Close Ask
5.69
aseanexchanges
@aseanexchanges

IHH Healthcare Berhad is private healthcare provider. The Company operates an integrated healthcare business and related services and it also has healthcare operations and investments in the People's Republic of China (PRC), India, Hong Kong, Vietnam, Macedonia and Brunei. Its segments include Hospital, Healthcare, Education and Non-healthcare. The Hospital segment includes its hospitals operated by Parkway Pantai Limited (PPL) and Acibadem Holding. The Healthcare segment includes the operation of medical clinics and provision of primary healthcare services, ownership and management of radiology clinics, provision of diagnostic laboratory services and provision of managed care and related services by PPL and Acibadem Holding. Its Education segment comprises Parkway College and Pantai College. As of June 1, 2012, Acibadem Holding operated 14 hospitals across Turkey and Macedonia. In September 2012, its subsidiary incorporated Shanghai Mai Kang Hospital Investment Management Co,. Ltd.

  • Market News
UPDATE 1-Malaysia's IHH Healthcare buys hospital from Khazanah Nasional for $244 mln
17 September 2019
source: reuters.com
 (Adds details of the deal and executive comments)
    Sept 17 (Reuters) - Malaysia's IHH Healthcare Bhd  IHHH.KL 
has proposed buying the Prince Court Medical Centre for 1.02
billion ringgit ($244 million) from sovereign wealth fund
Khazanah Nasional Bhd.
    In a bourse statement on Tuesday, the hospital operator said
its indirect wholly owned subsidiary Pantai Holdings had entered
into a conditional share purchase agreement with Khazanah's unit
for the proposed acquisition.
    IHH said the acquisition of Prince Court, a profitable
private healthcare facility in the Kuala Lumpur city centre
would allow the group to strengthen its position in the
Malaysian private healthcare segment, and broaden its service
offerings and leverage its wide network of hospitals.
    "The Board anticipates that IHH will tap further into the
medical tourism market complementing IHH Group's existing
hospitals in the Klang Valley and may also realise potential
synergies from the Proposed Acquisition," it added.
    In a separate statement, Khazanah said the deal will be
settled fully in cash, which IHH said it will fund via a
combination of internally generated funds and bank borrowings.
    Khazanah Managing Director Shahril Ridza Ridzuan said the
transaction was in line with the fund's "refreshed mandate and
provides Khazanah with the liquidity for our future investment
capital requirements".
    Khazanah anticipates the transaction will be completed in
the first quarter of 2020.
    Khazanah currently owns a 26% stake in IHH, after disposing
a 16% equity holding in a $2 billion deal to Japan's Mitsui & Co
Ltd  8031.T  November last year.  urn:newsml:reuters.com:*:nL4N1Y40B0

($1 = 4.1810 ringgit)

 (Reporting by Liz Lee; Editing by David Evans)
 ((liz.lee@thomsonreuters.com; +60323338039;))
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