The plantation and healthcare company told the stock exchange today that it plans to finance the purchase with bank financing and expects the transaction to be completed in the second quarter of the following year.
The company anticipates that this acquisition will have a positive impact on its future earnings.
“The acquisition of HBR, a private maternity hospital situated in Klang, is a strategic plan for the expansion of KMI brand. This will create better economic value and earnings potential for TDM,” it said.
At the time of writing, TDM’s shares remain unchanged at 16.5 sen, with a market capitalization of RM284 million. — TMR
