Khazanah cuts IHH stake with $201m block

The Malaysian state investment fund sells a slice of its stake in Asia’s largest hospital operator, but remains the largest shareholder.

Khazanah cuts IHH stake with $201m block

Malaysian state investment fund Khazanah Nasional raised M$829 million $201 million from a secondary selldown of shares in IHH Healthcare on Tuesday as it continues to pare down its stake in the hospital operator, which listed four years ago.

The transaction marked the first attempt by Khazanah to sell IHH shares directly through a public equity deal. Yet, it should come as little surprise for investors familiar with IHH, since the state...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition