Sunway Bhd, a new entity following a merger between Sunway Holdings Bhd and Sunway City Bhd, plans to build a teaching hospital in the Sunway Integrated Resort City.

Founder and chairman Tan Sri Jeffrey Cheah said the teaching hospital would function as the hands-on and practical platform for Sunway University and Monash University medical students.

"We are now developing the business model and if the plan materialises, we would build the academy on a seven-acre land owned by Sunway, close to the Sunway Medical Centre," he said after the extraordinary general meetings of Sunway Holdings Bhd and Sunway City Bhd.

He said that since the running cost of an teaching hospital was very expensive, Sunway would be very careful in every steps it would take in this project.

The proposed project was expected to increase the share value of the new Sunway, he said.

Sunway is expected to list on the Main Board of Bursa Malaysia in the third quarter of 2011 after shareholders both Sunway Holdings and Sunway City approved their merger Wednesday. - Bernama