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Sunway gets MoH approval for Greenwood’s foreign equity ownership of healthcare unit | Malay Mail

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KUALA LUMPUR, Nov 5 — Sunway Bhd has obtained the Ministry of Health’s (MoH) approval for Singapore’s Greenwood Capital Pte Ltd to own not more than 27.5 per cent of Sunway Healthcare Holdings Sdn Bhd. The foreign equity ownership approval was granted in conjunction with...

Friday, 05 Nov 2021 02:47 PM MYT

The foreign equity ownership approval was granted in conjunction with the Asean Framework Agreement on Services , the company said in a stock exchange filing with Bursa Malaysia. “The MOH approval would continue to be in effect as long as there are no changes to the details and conditions stated above.

Sunway had on June 23 announced that Sunway Healthcare would receive a RM750 million investment from Greenwood, an affiliate of Singapore’s sovereign wealth fund GIC Private Ltd.

 

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