KUALA LUMPUR: KPJ Healthcare Bhd shares on Bursa Malaysia rose this morning after the company announced its development plan yesterday.
As at 11.00 am, the counter was up one sen at RM3.28 after opening flat at RM3.27 with 263,500 shares transacted.
KPJ announced on Thursday that it was looking to add seven to eight more new hospitals to its stable in the next five years in Perlis, Pahang, Sarawak, Malacca, Johor, Perak and the Klang Valley.
This would mean that in five years, KPJ could have around 33 hospitals with a total estimated development cost of RM1 billion.
KPJ also said that it could spend about RM100 million per year in capital expenditure.
Source:Bernama
KPJ Healthcare Shares Up After It Reveals Its Expansion Plans
