Healthcare provider HMI raises S$18.5m via rights issue
Proceeds will be partly used to boost its stakes in two hospitals in Malaysia
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Nisha Ramchandani
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Singapore
PRIVATE healthcare provider Health Management International (HMI) has raised gross proceeds of about S$18.5 million from a rights issue, with the net proceeds to be partly used to boost its stake in its two hospitals in Malaysia.
According to HMI, its renounceable non-underwritten 11-for-200 rights issue, which was launched on Feb 23, had a subscription rate of about 145.7 per cent.
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