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NewsThe wait for IHH's 'double debut' is over
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The wait for IHH's 'double debut' is over
by hlk Wed 25 Jul 2012, 07:59
LISTING TODAY: Concurrent offering on main boards of Singapore Exchange and Bursa Malaysia
INVESTORS and fund managers are eagerly looking forward to IHH Healthcare Bhd's initial public offering (IPO) today on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) and the Main Market of Bursa Malaysia Securities Bhd.
The first concurrent offering represents a major step in creating greater cooperation among regional bourses, opening up opportunities for companies with strong regional presence to tap the individual domestic and retail investor base in their respective countries.
Prime Minister Datuk Seri Najib Razak launched the IPO in Kuala Lumpur on July 3.
IHH Healthcare will be one of the largest-listed private healthcare providers in the world by market capitalisation upon the listing of RM23 billion or S$9.5 billion shares.
The healthcare provider will focus on the markets in Asia and in Central and Eastern Europe, Middle East and North Africa (CEEMENA) regions, which are expected to be high-growth markets and demand for quality healthcare is strong and rapidly growing.
The shares to be listed on Bursa Securities and SGX-ST will be fully fungible, that is, IHH Healthcare shareholders will be able to transfer their shares from Bursa Securities to trade on the SGX-ST and vice-versa.
The listing will also set a regional record in terms of the number of cornerstone investors - 22, a combination of sovereign wealth funds, global fund managers, corporate interests and insurance companies.
IHH Healthcare is a leading international provider of premium healthcare services in markets where the demand for quality healthcare is strong and rapidly growing.
It provides a full spectrum of integrated healthcare services from clinics to hospitals, quaternary care and post-operative rehabilitation centres and a wide range of ancillary services including diagnostic labs, imaging centres, ambulatory care and medical education.
IHH Healthcare is a leading player in home markets in Singapore, Malaysia and Turkey, and key markets of the China, Hong Kong and India.
It is also present in Vietnam, Brunei and Macedonia and employs over 24,000 people and operate over 4,900 licensed beds, across 30 hospitals worldwide. Bernama
INVESTORS and fund managers are eagerly looking forward to IHH Healthcare Bhd's initial public offering (IPO) today on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) and the Main Market of Bursa Malaysia Securities Bhd.
The first concurrent offering represents a major step in creating greater cooperation among regional bourses, opening up opportunities for companies with strong regional presence to tap the individual domestic and retail investor base in their respective countries.
Prime Minister Datuk Seri Najib Razak launched the IPO in Kuala Lumpur on July 3.
IHH Healthcare will be one of the largest-listed private healthcare providers in the world by market capitalisation upon the listing of RM23 billion or S$9.5 billion shares.
The healthcare provider will focus on the markets in Asia and in Central and Eastern Europe, Middle East and North Africa (CEEMENA) regions, which are expected to be high-growth markets and demand for quality healthcare is strong and rapidly growing.
The shares to be listed on Bursa Securities and SGX-ST will be fully fungible, that is, IHH Healthcare shareholders will be able to transfer their shares from Bursa Securities to trade on the SGX-ST and vice-versa.
The listing will also set a regional record in terms of the number of cornerstone investors - 22, a combination of sovereign wealth funds, global fund managers, corporate interests and insurance companies.
IHH Healthcare is a leading international provider of premium healthcare services in markets where the demand for quality healthcare is strong and rapidly growing.
It provides a full spectrum of integrated healthcare services from clinics to hospitals, quaternary care and post-operative rehabilitation centres and a wide range of ancillary services including diagnostic labs, imaging centres, ambulatory care and medical education.
IHH Healthcare is a leading player in home markets in Singapore, Malaysia and Turkey, and key markets of the China, Hong Kong and India.
It is also present in Vietnam, Brunei and Macedonia and employs over 24,000 people and operate over 4,900 licensed beds, across 30 hospitals worldwide. Bernama
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