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Najib: IHH listing a major step towards greater Asean cooperation

July 3, 2012

It marks the emergence of Malaysia's private healthcare sector as a key player on the international stage, says the prime minister.

KUALA LUMPUR: The listing of IHH Healthcare Bhd (IHH) further affirmed the development and the maturing of Malaysia’s private healthcare sector and its emergence as a key player on the international stage, Prime Minister Najib Tun Razak said.

He said the proposed dual listing of IHH on the Main Market of Bursa Malaysia and the Main Board of Singapore Exchange Securities represented a major step towards greater cooperation among Asean bourses.

“I can safely say that this also offers further evidence of the vibrancy and depth of our capital markets, once again underlining the fact that Malaysia is a bright spot on the otherwise dark canvas of global finance,” he said at the launch of IHH’s initial public offering (IPO) prospectus here today.

He said the listing of IHH was an example of Khazanah Nasional Bhd’s commitment to delivering a clear and coherent regionalisation strategy, bringing together best-in-class business through a combination of mergers, acquisitions and collaborations.

The listing also marked progress in the government-linked companies’ transformation programme, which has witnessed the success of companies such as Axiata, Malayan Banking and CIMB developing their operations in Asean and beyond through well-integrated regional expansion plans, he said.

“With this listing, IHH can further cement its role as a leading force in the global healthcare sector,” he said.

IHH plans to raise over RM6 billion in its IPO in Malaysia and Singapore by offering up to 2.23 billion shares.

Bernama

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