Qualitas planning RM1b IPO in KL: sources

Singapore

QUALITAS Medical Group, a Malaysian healthcare provider, plans to seek about RM1 billion (S$388 million) from an initial public offering in Kuala Lumpur, according to people familiar with the matter.

CIMB Group Holdings Bhd and Credit Suisse Group AG are working on the share sale, the people said, asking not to be identified as the process is private. The company may pursue a listing as early as the fourth quarter, one of the people said.