Qualitas Healthcare mulls listing on SGX
Its chairman is in no hurry to decide on this, but says the company needs funds to grow
Singapore
IF the Singapore Exchange wants it - and works - hard enough, it could score the flotation of Malaysian-headquartered regional healthcare player Qualitas Healthcare Corp, in a development that would undoubtedly infuse a healthy dose of excitement into this year's lethargic pipeline of stock offerings.
But this is not to say Bursa Malaysia is not all fired up to snag this initial public offering (IPO), which could raise some S$200 million for Qualitas; Malaysia was, after all, the group's choice listing venue two years ago, but the exercise was eventually scrapped because of weak market settings.
Dr Noorul Ameen, founder, chairman and managing director of Qualitas, told The Business Times in an interview: "A listing is one of our options. The other options include a trade sale or co-investment by a third party. We are not in a hurry or hard …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Micron poised to get over US$6 billion in chips grants in announcement next week
Gold gains as Middle East tensions lift safe-haven appeal
New Cadence supercomputers aim to speed creation of chips, software
Singapore shares climb at Thursday’s open; STI up 0.3%
China education firms learn tough lessons overseas
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income for Q1