A major Malaysian healthcare company has filed official documents for a public stock offering that could bring in as much as $735.98 million, potentially becoming the country’s biggest market debut in close to a decade.
Sunway Healthcare Holding released its offering prospectus on Friday, outlining plans to sell shares at a starting price of 1.45 ringgit each. The company intends to offer nearly 2 billion shares total, with 575 million being newly created stock and 1.39 billion coming from current shareholders. Both everyday investors and large institutions will have the opportunity to purchase these shares.
The total value of the offering could reach 2.86 billion ringgit in Malaysian currency. At current exchange rates, one U.S. dollar equals approximately 3.89 ringgit.
