Malaysia state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is in talks with sovereign wealth funds in Abu Dhabi and Kuwait to rope them in as cornerstone investors for its US$2 billion dual listing in Kuala Lumpur and Singapore, sources said today.
The investors will be part of over 10 cornerstones IHH plans to finalise by next week who will take up more than 40 per cent of the US$2 billion offering, sources with direct knowledge of the deal told Reuters.
Malaysia is aiming to list state-backed companies in order to attract international investors to its capital market. IHH, which is backed by state investor Khazanah, has acquired hospital groups in Singapore and Turkey and is trying to unlock value by listing them.
No comments:
Post a Comment