SINGAPORE/KUALA LUMPUR: Malaysia state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is in talks with sovereign wealth funds in Abu Dhabi and Kuwait to rope them in as cornerstone investors for its US$2bil dual listing in Kuala Lumpur and Singapore, sources said on Wednesday.
The investors will be part of over 10 cornerstones IHH plans to finalise by next week who will take up more than 40 percent of the $2 billion offering, sources with direct knowledge of the deal told Reuters.
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