Sun­way gets ap­proval for two new hos­pi­tals

> Still await­ing nod for one in Pe­nang, and plans to build an­other in Ipoh

The Sun (Malaysia) - - SUNBIZ - BY V. RAGANANTHINI

PETALING JAYA: Sun­way Bhd, which aims to ex­pand its health­care di­vi­sion by build­ing five more hos­pi­tals, has re­ceived ap­proval from the gov­ern­ment for the con­struc­tion of two hos­pi­tals.

Speak­ing to re­porters af­ter the group’s EGM yes­ter­day, Sun­way founder and chair­man Tan Sri Jef­frey Cheah said the group has re­ceived ap­proval from the au­thor­i­ties for the con­struc­tion of med­i­cal cen­tres in Sun­way Iskan­dar, Jo­hor, and Sun­way Da­mansara, Se­lan­gor, for which con­struc­tion plans are in the works.

Cheah said Sun­way is still “chas­ing for ap­proval” for the con­struc­tion of a med­i­cal cen­tre in Se­berang Jaya, Pe­nang, where one of its ho­tel and Sun­way Car­ni­val mall is lo­cated.

“We would want to build a ter­tiary (re­fer­ral) hos­pi­tal. Once the gov­ern­ment approves the plan, we will start build­ing,” he added.

Mean­while, con­struc­tion of its med­i­cal cen­tre in Sun­way Ve­loc­ity, Cheras, is on track and it is ex­pected to be com­pleted next year.

In ad­di­tion to that, Sun­way is plan­ning to build an­other hos­pi­tal in Ipoh, which will be in an area that also houses a hy­brid mall and ser­viced apart­ments.

“There are a lot of peo­ple com­ing to knock on our door, ask­ing (if) you (Sun­way) want a part­ner,” Cheah said on the pro­pos­als for part­ner­ships for its med­i­cal ven­ture.

“We have not en­ter­tained any pro­pos­als to be our part­ners be­cause we be­lieve we can do it our­selves,” he said on the pro­pos­als re­ceived.

Be­sides its med­i­cal ven­ture, the group is aon the look­out for op­por­tu­ni­ties to ex­pand its core busi­nesses, by scout­ing for new tal­ent and op­por­tu­ni­ties for merg­ers and ac­qui­si­tions. It is also look­ing to ex­pand the tech­nol­ogy sec­tor.

Sun­way’s con­struc­tion arm, mean­while, is aim­ing to lock in non-in­house projects worth RM1.5-RM2.5 bil­lion from the ten­ders it has put out.

As of end June, the con­struc­tion di­vi­sion’s ten­der book value stood at more than RM14 bil­lion.

On an­other note, Cheah said the ap­point­ment of Datuk Seri Idris Jala as cochair­man of Sun­way Group brings wealth of knowl­edge, prac­ti­cal hands-on ex­pe­ri­ence, a highly val­ued rep­u­ta­tion and in­ter­na­tional net­work, to help steer Sun­way to new heights. Idris was ap­pointed to his new role on Aug 11.

Sun­way’s share price fell 0.23% to close at RM4.34 yes­ter­day with 4.18 mil­lion shares chang­ing hands, bring­ing the group’s mar­ket cap­i­tal­i­sa­tion to RM8.92 bil­lion.


Cheah (cen­tre) with Idris Jala (left) and pres­i­dent Datuk Chew Chee Kin at Sun­way’s EGM yes­ter­day.

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