Jeffrey Cheah, founder of Sunway Group. Photo from Sunway Stories’ website
Sunway Healthcare, part of Malaysian billionaire Jeffrey Cheah’s Sunway conglomerate, has set its final offering price in line with its earlier prospectus, aiming to raise RM2.86 billion (US$722.22 million).
The initial public offering (IPO), which could be the country’s largest in nine years, includes 1.97 billion shares priced at RM1.45 apiece for institutional and retail investors, representing a 17.1% stake in the company, according to the prospectus.
The pricing values Sunway Healthcare at RM16.7 billion, with the company’s shares scheduled to commence trading on March 18.
 |
Sunway Medical Centre Velocity in Kuala Lumpur, Malaysia. Photo from the company’s website |
A unit of Sunway Group, Sunway Healthcare is among the nation’s top private healthcare providers, with 1,805 licensed beds as of January 2026. Its portfolio includes Sunway Medical Centre in Kuala Lumpur, Malaysia’s largest private hospital.
Reuters reported last year that Sunway Healthcare was eyeing a Bursa Malaysia debut with an offering topping RM3 billion, setting the hospital group’s valuation north of RM15 billion.
Comments are closed.