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Sime Darby deal to buy IJN postponed

PUTRAJAYA, 19 Dec 2008: Conglomerate Sime Darby Bhd’s deal to acquire a 51 % equity in Institut Jantung Negara (IJN) has been postponed until an in-depth review has been undertaken by the relevant ministries, Deputy Prime Minister Datuk Seri Najib Razak announced here today.

Najib, who is also Finance Minister, told a press conference that the ministries which would undertake the review include the Ministries of Finance and Health as well as the Economic Planning Unit.

IJN is operated by IJN Holdings Sdn Bhd, which is wholly-owned by the

Ministry of Finance.

Just yesterday, Sime Darby said that the government had in principle given the nod for it to acquire the controlling stake in IJN Holdings.

Najib said even if the acquisition were to take place, the government would not sacrifice its social responsibility to the people.

“If IJN was passed on to Sime Darby, it means that the government’s contribution for surgical operations will continue,” he said.

Najib said the government has given its approval in principle to Sime Darby to acquire IJN with the condition that IJN’s social responsibility would not be sidelined.

He also said that the review would take several months.

However, Najib said that the time factor was not important. “What was important was that the decision would benefit the people and make IJN a renowned heart centre in the world. — Bernama


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