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GIC Scores Nearly Fourfold Return As Sunway Healthcare IPO Validates Malaysia’s Private Healthcare Appeal

By Abigail Cheong5 min read

Kuala Lumpur, 27 April 2026 – Singapore sovereign wealth fund GIC is set to earn nearly four times its early investment in Sunway Healthcare Holdings Bhd, marking a strong exit signal from one of Malaysia’s most closely watched healthcare listings in nearly a decade.

GIC invested S$241.5 million in 2021 for a 16% stake in Sunway Healthcare, at a time when the Singapore fund manager said it was confident in the company’s long-term growth potential, operating record and focus on modern medical infrastructure. Based on Sunway Healthcare’s public filings, GIC is estimated to earn around 3.75 times on its investment, excluding dividends.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.