Asia
Cengild Medical Forms JV to Build MYR350 Million Hospital
Cengild Medical (KLSE:CENGILD) signed a conditional joint venture deal with KCB and Skyspring to establish a multidisciplinary tertiary private hospital in Penang, Malaysia, with an investment of up to 350 million ringgit.Under the structure, Skyspring will hold 45% of the JV company, KCB 30%, and Cengild Medical 25%, according to a Friday Malaysian bourse filing.The project is targeted for completion by the fourth quarter of 2029.The group said the project marks its first expansion outside the Klang Valley and is expected to support future earnings growth.
KLSE:CENGILD
