AmBank to issue 6 call warrants over IHH shares

AmBank (M) Bhd ("AmBank") is issuing six new European style
cash-settled structured call warrants ("CW") over the ordinary shares
of IHH Healthcare Bhd ("IHH") to meet investor's demand for trading and
investment opportunities in the current market scenario.

The
structured warrants will be listed for trading on August 1, via the
market making method, with an issue size of up to 100 million each.

"Healthcare
group IHH posted strong gains on its maiden day of trading on Bursa
Malaysia, closing up 10.4 per cent at RM3.09 after trading as high as
RM3.19 earlier in the day.

"IHH's initial public offering was
much anticipated as evidenced by the overwhelming institutional demand
for its shares, which was oversubscribed by more than 100 times with a
record 22 cornerstone investors," said AmInvestment Bank Director/Head
Equity Derivatives Ng Ee Fang in a statement.

IHH's listing is also the first concurrent offering on both the main market of Bursa Malaysia and the main board of the

Singapore Stock Exchange, enabling the group to tap a wider investor base in both Malaysia and Singapore.

"On the back of IHH's strong debut, AmBank is issuing six call warrants on IHH, with varying exercise prices and ratios.

"This
is to cater to investor's demand for alternatives to participate in
IHH's stock performance over the coming months," she added.

IHH
is the second largest listed healthcare group in the world in terms of
market capitalisation. Currently, it has a global network of 30
hospitals under various premium brands such as Parkway, Pantai and
Gleneagles. -- Bernama