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KUALA LUMPUR: Sunway Bhd has in a bourse filing announced its proposal to list its healthcare division under Sunway Healthcare Holdings Bhd (SHH) on the Main Market of Bursa Malaysia by the first quarter of 2026.
SHH is 84%-owned by Sunway City Sdn Bhd (SunCity), which is in turn a direct wholly-owned subsidiary of Sunway, while the remaining 16% stake is held by Greenwood Capital Private Limited.
In conjunction with the listing, Sunway Healthcare said it has proposed to undertake a share split of one SHH share into nine, expanding the number of SHH shares to 10.93 billion.
Following the proposed share split, SunCity will distribute the shares to Sunway and entitled shareholders by way of dividend-in-specie on the basis of one SHH share for every 10 Sunway shares held.
Sunway currently shows short-term strength, reflecting solid earnings and favorable technical setup. If support remains firm, the stock could advance modestly. But if momentum stalls or it slips below support zones, it may pause or pull back.
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