Malaysia’s capital markets are getting a major boost with the initial public offering (IPO) of Sunway Healthcare Holdings Berhad (SHH) — the healthcare arm of one of the country’s most recognisable conglomerates, Sunway Group.
This listing is attracting significant attention from investors locally and internationally as one of the largest IPOs in Malaysia in the past nine years.
π IPO Key Details
- IPO Price : RM 1.45 per share
- Total Shares Offered : Up to 1.97 billion shares
- Offer Size (Gross Proceeds) : RM 833.8 million
- Enlarged Issued Capital on Listing : ~19.70 billion shares
- Implied Market Capitalisation : ~ RM 16.7 billion
- Listing Date (Expected) : 18 March 2026
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π° Use of Proceeds
From the RM 833.8 million raised, the company intends to allocate funds as follows:
πΉ Capital Expenditure – RM 554.05 million (66.5%)
To expand and upgrade existing hospitals over the next 36 months — boosting capacity, facilities and services.
πΉ Redemption of Sukuk Wakalah – RM 249.71 million (29.9%)
This reduces long-term finance costs and strengthens the balance sheet.
πΉ IPO Fees & Expenses – RM 30 million (3.6%)
For listing and related administrative costs.
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π©Ί Growth Plans Post-Listing
SHH’s growth strategy is multi-pronged:
π Brownfield Expansion (2026–2028)
Optimising utilisation and capacity at its five existing hospitals, expanding specialties and services.
π Greenfield Projects
Three new hospitals are already in the pipeline:
- New tertiary hospital in Seremban, Negeri Sembilan
- New facility in Iskandar Puteri, Johor
- New hospital in Putrajaya (via joint venture with Putrajaya Holdings)
These moves aim to nearly double capacity by 2032, creating a visible growth runway through the next 5 – 6 years.
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π Strategic Significance
The IPO isn’t just about raising capital — it positions Sunway Healthcare as a leading integrated healthcare provider in the region, diversifying beyond Malaysia’s borders and catering to both local and international demand.
The Sunway Healthcare Holdings Berhad IPO represents a defining moment for both the healthcare industry and Malaysia’s capital markets.
With strong institutional backing, clear growth ambition, and one of the largest fundraises in nearly a decade, this listing could reshape investor interest in healthcare equities.
With strong institutional backing, clear growth ambition, and one of the largest fundraises in nearly a decade, this listing could reshape investor interest in healthcare equities.
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