Published: Friday June 15, 2012 MYT 3:36:00 PM
Khazanah to rake in RM4.9b in unrealised profit from IHH listing
KUALA LUMPUR: The listing of Integrated Healthcare Holdings Sdn Bhd (IHH) next month will see the government's investment holding company, Khazanah Nasional Bhd, raking in RM4.9 billion in the form of unrealised profit via the 62 per cent stake held in the international health services provider company.
The IHH's prospectus will be simultaneously launched on Friday at the Securities Commission Malaysia and the Monetary Authority of Singapore for the company's shares to be listed on the bourses of the two countries next month, according to a source close to the floatation.
It is understood that among the contents of the prospectus are the share purchase by the International Trade and Industry Ministry and international major strategic investors at RM2.85 a share.
With RM1.56 average price of IHH's shares before floatation, Khazanah is set to rake in RM4.9 billion via the 3.85 billion shares held in IHH.
"IHH's listing has attracted over-subscription from major strategic investors worldwide and this will silence critics who have been saying that Khazanah had overpaid for the purchase of Parkway Holdings Singapore in 2010. - Bernama