Friday SWFI News Roundup, June 3, 2016

Khazanah Had Secondary Share Sell on IHH Stock

Malaysia’s Khazanah Nasional sold 829 million MYR (US$ 201 million) worth of shares (1.6% stake) from a secondary sale of shares in IHH Healthcare, the hospital operator. Khazanah’s ownership after the secondary sale was reduced to 42.8%. Before the sale, Khazanah owned 45.3% of IHH. IHH is dual listed on the Singapore Exchange and Bursa Malaysia. Other large shareholders in IHH include Mitsui & Co. at 20% in IHH and Malaysia’s Employees’ Provident Fund (EPF) at 8.4% ownership in IHH. Deutsche Bank and CIMB were joint bookrunners on the secondary share sale.

NantHealth has its IPO

NantHealth had its initial public offering (IPO) on June 2, 2016, opening on the NASDAQ. NantHealth was backed by many large investors before the IPO such as the Kuwait Investment Office, part of the Kuwait Investment Authority (KIA). NantHealth offered 6.5 million shares of common stock at US$ 14. At the close of Thursday, shares of NantHealth rose to US$ 21 per share.

NZSF Reduces Z Energy Ownership Stake to 1.5%

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