KUALA LUMPUR (Jan 21): London Stock Exchange (LSE)-listed Symphony International Holding Ltd has fully exited its investment in IHH Healthcare Bhd.

In a filing to the LSE on Jan 20, Symphony International said it had invested approximately US$50 million in Integrated Healthcare Hastaneler Turkey Sdn Bhd in February 2012, which was converted into shares in IHH at the time of IHH's initial public offering later that year.

Symphony International said it exited the shares in IHH through a series of partial sales since 2015 that has generated an annualised return of 11.2% over a period of about eight years of 1.8 times the cost of investment.

Symphony Asia Holdings Pte Ltd chairman and Symphony International director Anil Thadani said Symphony International had completed another successful exit that had provided strong risk adjusted returns.

"The healthcare sector in Asia remains attractive and we will continue to explore new opportunities to strategically build on our portfolio," he said.

IHH is one of the largest healthcare providers in the world by market capitalisation with 15,000 beds across 80 hospitals in 10 countries.

At the midday break today, IHH rose 0.7% or 4 sen to RM5.72, valuing it at RM50.19 billion.