KUALA LUMPUR, Oct 29 (Bernama) -- Asia OneHealthcare Bhd (A1H) has filed for an initial public offering (IPO) and listing on the Main Market of Bursa Malaysia, of which proceeds will be used for expansion capital expenditure (capex), maintenance and repayment of bank borrowings.
According to the draft prospectus on the Securities Commission Malaysia on Wednesday, the IPO will involve up to 4,380,589,000 ordinary shares for the entire enlarged issued ordinary shares in A1H.
It comprises an offer for sale of up to 3,859,490,500 existing shares and a public issue of 521,098,500 new shares.
It will involve an institutional offering of up to 3,765,100,400 IPO shares to Malaysian and foreign institutional and selected investors, including bumiputera investors approved by the Ministry of Investment, Trade and Industry at the institutional price to be determined by way of bookbuilding and retail offering of 615,488,600 IPO shares to the director of A1H.
The IPO consists of the institutional offering and the retail offering, totalling up to 4,380,589,000 IPO shares, representing up to approximately 26.1 per cent of A1H’s enlarged issued shares.
The group operates the largest private hospital network in the Greater Klang Valley region and is one of the three (3) largest private healthcare groups in Malaysia based on the number of hospitals and licensed beds.
The portfolio comprises established brands such as Columbia Asia, Subang Jaya Medical Centre, Beacon Hospital and Cardiac Vascular Sentral Kuala Lumpur, each serving distinct patient segments and clinical needs while benefitting from the scale and connectivity of its broader network.
In September, it was reported that Asia OneHealthcare has confidentially filed for an IPO to potentially raise as much as RM10 billion, which will likely be Malaysia’s biggest since FGV Holdings Bhd’s RM10.4bil offering in 2012.
-- BERNAMA