Singapore, March 25 -- To expand access to high-quality healthcare services and create jobs in Malaysia, the World Bank Group, through its private-sector arm the International Finance Corporation (IFC), has invested in the initial public offering (IPO) of Sunway Healthcare Holdings Berhad, one of the country's leading providers of integrated healthcare services.

IFC has invested 60 million Malaysian Ringgit ($15 million) as a cornerstone investor in the IPO, proceeds from which will be used for the expansion of Sunway Healthcare's hospital network in Malaysia. The investment will enable the company to increase bed capacity, create more jobs, and fund investments in initiatives aligning with its expansion strategy in Malaysia.

As part of...