Malaysian Billionaire Jeffrey Cheah’s Sunway Group Prepares Healthcare Unit IPO To Fund $381 Million Expansion Plan

ForbesTuesday, September 23, 2025 at 4:36:27 AM
Malaysian Billionaire Jeffrey Cheah’s Sunway Group Prepares Healthcare Unit IPO To Fund $381 Million Expansion Plan
Malaysian billionaire Jeffrey Cheah's Sunway Group is gearing up for an IPO of its healthcare unit to support a significant $381 million expansion plan. This initiative includes the construction of a new 401-bed hospital in Johor, aiming to enhance Malaysia's position as a leading destination for medical tourism in Southeast Asia. This move not only reflects the growing demand for healthcare services but also highlights the potential for economic growth in the region.
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