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Jentayu Sustainables Unit to Sell Ultimate Forte for MYR2 Million

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Jentayu Sustainables (KLSE:JSB) will sell its unit Ultimate Forte to Lourdes Medical Center for 1.75 million ringgit in cash, according to a Friday Bursa Malaysia filing.

Shares slid about 2% in Monday's midday trade.

Jentayu Sustainables had acquired Ohana Specialist Hospital, owned by Ultimate Forte, for 18 million ringgit in 2021.

The sale is part of a restructuring to sharpen the company's focus on its renewable energy business. The company expects to record a gain of about 2.37 million ringgit from the disposal.

The transaction is expected to be completed by the end of July, it said.

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