IPO
Proceeds set to fund expansion as medical tourism and demand rise
Founder and chairman of Sunway Group, Jeffrey Cheah, center, poses at a listing ceremony of subsidiary Sunway Healthcare Holdings at the Bursa Malaysia stock exchange on Wednesday. (Photo by Norman Goh)
KUALA LUMPUR — Sunway Healthcare Holdings surged on its debut on Bursa Malaysia on Wednesday, opening at 1.70 ringgit, a 17.2% premium to its initial public offering price of 1.45 ringgit, with 36.2 million shares traded at the start of the session.
