".....In addition, I was informed that IJN is flush with about RM400 million cash reserves after netting for the RM250 million spent for new wing. The new wing provide for an additional 250 beds to its 150 beds.
IJN caters to 3,000 patienst a day and some 70% are from the low income. As a public institution that has been a centre of excellence, it has been receiving substantial donations to maintain its healthcare program for the people. Will a corporate takeover continue to encourage such donations?
With Sime Darby yet to do a due dilligence, how could they be so confident to maintain that fee structure? It seemed, as told by my insider, IJN generated profits of about RM100 miiion annually on its paid-up capital of about RM200 million...." Read more
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