Author Topic: SInmah Capital..SMCAP 9776  (Read 76 times)

Offline Raging bull

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SInmah Capital..SMCAP 9776
« on: January 30, 2020, 06:11:32 PM »
Investors have overlooked this counter which in the healcare business. The only laggard counter among the glove and healthcare companies. Last QR it made profit of rm15m before tax. See article ..PETALING JAYA: Former poultry producer, Sinmah Capital Bhd (SMCap), has earmarked RM100 million to build a hospital in Nilai as it makes its maiden venture into the healthcare sector.

The company, via 70%-owned unit Sinmah Amegajaya Healthcare Sdn Bhd (SAH), inked a deal to acquire a piece of property in Nilai for RM27 million, and plans to redevelop it into Malaysia’s first full-service ‘Integrated Public-Private University Hospital’ (IPPUH).

Speaking to reporters after the signing ceremony, SMCap's managing director, Datuk Fong Kok Yong, said construction would be completed in 28 months from March, and that the money would be raised via internally-generated funds and bank borrowings.