SUBANG JAYA: Sunway Healthcare Holdings Bhd (SHH) aims to raise RM833.8 million through its initial public offering (IPO), priced at RM1.45 per share ahead of its listing on the Main Market of Bursa Malaysia.
According to the prospectus, from the IPO proceeds, a total of RM554.05 million or 66.5 per cent will be used for capital expenditure for expansion of the group’s existing hospitals within 36 months from the date of its listing.
“A further RM249.71 million (29.9 per cent) will be used for redemption of the sukuk wakalah within 24 months of its listing and RM30 million (3.6 per cent) to defray fees and expenses in relation to the IPO,” it said. – Bernama
