Parkway, controlled by Malaysia’s Khazanah Nasional Bhd, signed an agreement with Jesselton Wellness Sdn Bhd, a special-purpose vehicle set up to develop the hospital that is part-owned by an investment arm of Sabah’s state government, the company said in a statement.
Danajamin Nasional Bhd, a Malaysian state bond insurer, will guarantee RM200 million of notes that will be issued to finance the project, it said.
By Bloomberg
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