Mitsui completes IHH divestment

Japanese group gives equity markets a second dose of Asia's largest listed private healthcare provider this year.
IHH Healthcare CEO Tan See Leng
IHH Healthcare CEO Tan See Leng

Mitsui subsidiary, MBK Healthcare, executed a first divestment of shares in IHH Healthcare Berhad, one of the country's largest listed stocks, on Monday.

A M$1.021 billion $247 million secondary share sale has come shortly after the expiry of a lock-up, which followed an initial M$829 million share placement by Malaysian sovereign wealth fund, Khazanah, at the end of May.

However, execution of the new deal was not helped by some confusion about who the vendor was after one of the bookrunners, CIMB, sent out the wrong termsheet at launch before swiftly sending out a correct version. 

Timing of...

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