Wednesday 29 Nov 2023
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KUALA LUMPUR (Nov 19): IHH Healthcare Bhd clarified that its 31.1%-owned associate Fortis Healthcare Ltd has no intention of selling its 56%-owned diagnostic arm SRL Ltd, according to analysts who participated in IHH's teleconference yesterday.

Today, Hong Leong Investment Bank Bhd analyst Farah Diyana Kamaludin wrote in a note that there has been speculative news on IHH facilitating the planned sale of up to a 44% stake in SRL.

"However, we understand that Fortis has no intention of selling SRL," Farah Diyana said.

AmInvestment Bank Bhd analyst Nafisah Azmi wrote in a note today that "IHH has clarified that at the moment, it has no intention to sell SRL".

Yesterday,, quoting The Economic Times, which cited multiple sources, reported that IHH is facilitating the planned sale of up to a 44% SRL stake owned by several shareholders in various portions.

It was reported that private equity firms, TA Associates, Warburg Pincus and ChrysCapital, have been shortlisted from a group of five suitors to acquire the 44% SRL stake.

At Bursa Malaysia today, IHH's share price fell 12 sen or 2.16% to RM5.44 at 12:02pm. The stock saw 385,900 shares traded.

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