KPJ Healthcare in $312m expansion drive

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KPJ hospitalMalaysia’s largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge.

With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk.

KPJ managing director Amiruddin Abdul Satar said that the plans are still “at a preliminary stage”.

The new hospitals will be constructed over the next 5 years and will add to the company’s existing 23 hospitals nationwide. Around 1,500 hospital beds will be added to the current 3,000.

 

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Malaysia's largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge. With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk. KPJ managing director Amiruddin Abdul Satar said that the plans are still "at a preliminary stage". The new hospitals will be constructed over the next...

KPJ hospitalMalaysia’s largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help finance the development of 10 hospitals worth 1 billion ringgit ($312 million), according to The Edge.

With a cash balance of about 284.4 million ringgit and a low net gearing of about 0.5 times as at June 30, KPJ is looking to raise the funds through a rights issue and sukuk.

KPJ managing director Amiruddin Abdul Satar said that the plans are still “at a preliminary stage”.

The new hospitals will be constructed over the next 5 years and will add to the company’s existing 23 hospitals nationwide. Around 1,500 hospital beds will be added to the current 3,000.

 

Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

 

 

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