IHH shareholders approve RM1.02b Prince Court acquisition from Khazanah

IHH shareholders approve RM1.02b Prince Court acquisition from Khazanah
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KUALA LUMPUR (Dec 9): IHH Healthcare Bhd’s non-interested shareholders and proxies have voted 99.99% in favour of the proposed RM1.02 billion acquisition of Prince Court Medical Centre from Khazanah Nasional Bhd. 

Following the vote today at an extraordinary general meeting, IHH expects the acquisition to be completed in the first quarter of 2020. 

IHH Malaysia operations division chief executive officer Joe Sim said in the statement that with a broader network and stronger cluster of specialised tertiary hospitals in the Klang Valley, supported by a deeper clinical talent pool, IHH can offer a wider array of services and take on more complex cases. 

“This will make our facilities even more compelling for both local and foreign patients, and further reinforces Malaysia’s attractiveness as a medical travel destination,” he said. 

IHH share price fell two sen or 0.38% to RM5.25 today, giving the group a market capitalisation of RM46.06 billion.