LYC makes U-turn on subsidiary's S'pore Exchange IPO

LYC Healthcare Bhd

KUALA LUMPUR: LYC Healthcare Bhd has dropped the plan to list its subsidiary on the Singapore Exchange, less than three months after it filed the preliminary offer document with the exchange.

LYC told shareholders on Wednesday that the proposed listing of LYC Medicare Singapore Ltd on the Catalist Board will be withdrawn, in view of the “prevailing market conditions in the Singapore equity market”.