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MALAYSIA BUSINESS BRIEFS: Pantai Buys Cheras Hospital
KUALA LUMPUR (Dow Jones)–Malaysian health care group Pantai Holdings Bhd. (8036.KU) is buying hospital operator Cheras Medical Center Sdn. Bhd. for 8.8 million ringgit ($1=MYR3.80) which will be paid through the issuance of 8.3 million new Pantai shares. Pantai is also buying a piece of land and a five-storey hospital building - where Cheras Medical Center operates - for MYR25.4 million, which it will pay for by issuing 24.0 million new shares.