IHH Healthcare’s 161m shares for public oversubscribed 5.4 times


  • Business
  • Friday, 13 Jul 2012

KUALA LUMPUR: IHH Healthcare Bhd's offer of 161.14 million shares to the Malaysian public under its initial public offering was oversubscribed by 5.35 times.

It said on Friday there were 65,834 applications for 1.039 billion IPO shares from the Malaysian public.

It also said the joint global coordinators, joint bookrunners and joint lead managers confirmed the global institutional tranche of up to 138.01 million IPO shares was more than 130 times oversubscribed.

IHH said the institutional price was fixed at RM2.80 per IPO share. Hence, the final retail price for the Malaysia public offering was fixed at RM2.80 per share and a refund of the difference of five sen per IPO Share would be despatched to successful retail applicants.

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