"Sunway Healthcare shares rose 28% in their first day of trading, following the company's 2.9 billion ringgit ($732 million) IPO, the country's largest in nearly a decade. Shares of the Kuala Lumpur-based hospital operator, previously the healthcare arm of Malaysian conglomerate Sunway Group, closed at 1.85 ringgit on Wednesday, up from the offer price of 1.45 ringgit."
"Sunway Healthcare generated 1.6 billion ringgit ($403 million) in revenue during the first nine months of 2025, a 17.8% year-on-year jump, according to its prospectus. Yet the company's profits over the same period declined by 22% year-on-year to hit 140 million ringgit ($35.4 million)."
"Following its IPO, Sunway Healthcare will continue to operate its network of private hospitals, ambulatory care services and ancillary services, with plans to expand to eight hospitals totalling over 3,400 beds by 2032. Sunway Group will also retain majority control of its healthcare offshoot, owning 69.4% of the shares."
"Sunway hopes to tap growing healthcare demand in an aging and wealthier Malaysia. 'The outlook for Malaysia's private healthcare services industry remains positive,' Sunway Group wrote in its Q4 2025 earnings report. 'Malaysia has one of the largest middle-income populations in ASEAN, coupled with rising life expectancy.'"
Sunway Healthcare completed Malaysia's largest IPO in nearly a decade, raising 2.9 billion ringgit ($732 million). Shares closed at 1.85 ringgit on the first day, up 28% from the 1.45 ringgit offer price. The spin-off from Malaysian conglomerate Sunway Group aims to unlock shareholder value and improve capital market access. The healthcare operator generated 1.6 billion ringgit in revenue during the first nine months of 2025, representing 17.8% year-on-year growth, though profits declined 22% to 140 million ringgit. Sunway Group retains 69.4% ownership and plans to expand the hospital network to eight facilities with over 3,400 beds by 2032. The company targets Malaysia's growing healthcare demand driven by an aging population and rising middle-income consumers.
Read at Fortune
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