KUALA LUMPUR: TDM Bhd's healthcare subsidiary Kumpulan Medic Iman Sdn Bhd (KMI), is buying a private maternity hospital in Klang for RM15 million.
In a filing with Bursa Malaysia Securities Bhd, TDM said KMI has entered into a share sale agreement with Datuk Mohd Razif Abdul Aziz and Datin Norana binti Yacob to purchase a 100 per cent interest in Hospital Bersalin Razif Sdn Bhd (HBR).
TDM will fund the acqusition via bank financing.
The acquisition of HBR, is a strategic plan for the expansion of the KMI brand to create better economic value and earnings potential for TDM.
TDM closed morning trade unchanged, at 16.5 sen a share.
— New Straits Times