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.

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 fund has been slowly trimming its shareholding in the secondary market.

Khazanah owned 62.1% of IHH prior to the hospital operator’s dual listing on the Bursa Malaysia and Singapore Exchange in 2012....

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