IHH Healthcare Berhad (IHH) will voluntarily liquidate an indirect subsidiary in China that has remained dormant for more than four years, as part of efforts to streamline its corporate structure.
The healthcare giant said Suzhou Industrial Park Yuan Hui Health Consulting Co., Ltd. (SIP) received approval from its sole shareholder on 10 July 2026 to commence a Member’s Voluntary Liquidation under Article 229 of the Company Law of the People’s Republic of China.
SIP is a wholly owned subsidiary of Parkway (Shanghai) Hospital Management Ltd., which is wholly owned by PCH Holding Pte. Ltd., an indirect 70.1%-owned subsidiary of IHH.
Established on 29 May 2013, SIP was principally involved in providing medical and healthcare outpatient services in China.
However, the company has ceased operations since 1 April 2022, and IHH said there are no plans to resume its business, prompting the decision to wind up the entity.
The healthcare group said the liquidation forms part of housekeeping measures and is not expected to have any operational impact on the wider IHH Group.
The total investment made by the group in SIP amounted to RM12.49 million, while the expected loss arising from the liquidation is estimated at RM67,000.
