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Home Business News Sime Darby Said to Mull Health Care Unit Spinoff in Malaysia

Sime Darby Said to Mull Health Care Unit Spinoff in Malaysia

(Bloomberg) — Sime Darby Bhd., one of Malaysia’s oldest conglomerates, is weighing a separate listing for its health care unit that could raise at least 500 million ringgit ($121 million), according to the people familiar with the matter.

The company has held discussions with potential advisers for an initial public offering of Ramsay Sime Darby Health Care Sdn., the people said. A listing on Malaysia’s stock exchange could happen as early as 2021, said the people, who asked not to be…

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