TDM buys private maternity hospital in Klang for RM15mil

TDM Bhd's healthcare subsidiary Kumpulan Medic Iman Sdn Bhd (KMI), is buying a private maternity hospital in Klang for RM15 million.

KUALA LUMPUR – 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 

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