UG Healthcare plans to diversify its business into active retirement homes, healthcare & wellness centres

Lim Hui Jie
Lim Hui Jie10/14/2022 07:52 PM GMT+08  • 3 min read
UG Healthcare plans to diversify its business into active retirement homes, healthcare & wellness centres
The company believes there is increasing demand for good quality retirement and healthcare facilities. Photo credit: Bloomberg
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Glove manufacturer UG Healthcare has announced a proposed diversification into active retirement homes and healthcare and wellness centres.

This will be done by an RM100 ($33) acquisition of investment holding company Indigo Teguh, owned by UG Healthcare CEO Lee Keck Keong. Lee holds a total deemed and direct interest of 60.07% of UG Healthcare.

It will leverage a consortium consisting of Lumayan, Lumayan Active Life and Indigo Tenguh for this project.

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