Ramsay Sime Darby picks banks for listing

Ramsay Sime was set up in 2013 to hold Sime Darby and Ramsay Health’s combined portfolio of hospitals in South-East Asia.

KUALA LUMPUR: Ramsay Sime Darby Health Care Sdn Bhd has picked arrangers for an initial public offering in Malaysia that could raise about US$300mil, according to people with knowledge of the matter.

Credit Suisse Group AG, Malayan Banking Bhd (Maybank) and Morgan Stanley have been chosen to work on the planned listing of the health care firm, said the people, who asked not to be identified as the information is private.