Friday, June 1, 2012

Potential IPO

Potential IPO: Healthcare Holdings Sdn. Bhd., which is majority owned by Mia's sovereign wealth fund Khazanah plans to begin testing investors' appetite next week for its $2b IPO, people familiar with the situation said. The healthcare company, which has hospital assets in Malaysia, Singapore and Turkey, is in the process of finalizing cornerstone investors and aims to list in Msia and SG by July. The IPO by the Malaysian co comes despite renewed fears over the ongoing debt crisis in the euro zone, which has soured investor sentiment and caused offerings the world over to either be pulled or delayed. BofA, CIMB, Credit Suisse, DBS., Deutsche Bank and Goldman Sachs are advising on the deal.

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