Malaysian Billionaire Jeffrey Cheah’s Sunway Group Prepares Healthcare Unit IPO To Fund $381 Million Expansion Plan
The Sunway Medical Center and Sunway Sanctuary, an assisted living facility, in Kuala Lumpur. Courtesy of Sunway Healthcare Sunway Healthcare Holdings—controlled by Malaysian billionaire Jeffrey Cheah—is gearing up for an IPO to help bankroll its 1.6 billion ringgit ($381 million) expansion plan. The company plans to offer up to 1.9 billion shares, equivalent to a…