KIA and Malaysia’s EPF Become Cornerstones in IHH Healthcare Bhd IPO
Increasingly, public investors are flocking to Malaysia to participate in a burgeoning initial public market. In fact, this might be the third largest IPO this year, with Facebook’s US$ 16 billion and Malaysia’s Felda Global Ventures Holdings Bhd which raised $3.13 billion earlier this week. IHH Healthcare Bhd is planning a US$ 2 billion initial public offering. Interesting enough IHH Healthcare Bhd is majority-owned by Malaysia’s sovereign wealth fund Khazanah Nasional Bhd. The Khazanah portfolio company owns hospitals in Asia which include Turkey, Singapore, and Malaysia. IHH Healthcare Bhd also has an investment in Apollo Hospitals Enterprise Ltd., an India-based healthcare company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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