KUALA LUMPUR: TDM Bhd today clarified that it has no plans to list its healthcare arm and has no knowledge any reason for the run up in its share price.
Its share price has jumped 22 per cent since Tuesday, April 2, 2024.
In a filing with Bursa Malaysia Securities, TDM said it has no active planning and undertaking to list its healthcare arm and is wholly committed to growing the group's businesses as outlined in its strategic business plan.
The group's healthcare division, Kumpulan Medic Iman Sdn Bhd, owns five community specialist hospitals with 401 operating beds in Kuala Lumpur, Selangor, Pahang, Terengganu and Sabah.
"The company is not aware of any corporate development relating to the group's business and affairs that have not been previously announced that may account for the trading activities," it said.
The company's share price closed 1.5 per cent lower to 32 sen a share. Some 40.4 million shares changed hands.