SERI KEMBANGAN (June 30): Country Heights Holdings Bhd is allocating RM100 million in capital expenditure (capex) to expand and strengthen its wellness business segment, one of its top performing pillars during the Covid-19 pandemic.

The group's founder and major shareholder Tan Sri Lee Kim Yew said the Malaysian government had been championing medical tourism since before Covid-19 and had done very well in this segment even during the pandemic.

The group’s healthcare subsidiary GHHS Healthcare recorded a profit of RM3.23 million in 2021 on a turnover of RM26.72 million.

There is huge potential in this segment and hence the group targets to grow it by three or four times, he told reporters after the group’s annual general meeting here on Thursday (June 30).

More to come