IHH Eyes China, India Assets After IPO

KUALA LUMPUR — IHH Healthcare Bhd, Asia’s largest hospital operator, will look to buy assets in China and India to grow profits after the Malaysian firm uses its IPO proceeds to clear its debt, said a top company official on Wednesday.

“We are pretty confident that these countries will become our new home markets in the future,” IHH Managing Director Lim Cheok Peng told Reuters in an interview in the Malaysian capital. “We are trying to develop these two markets.”

IHH, which is expected to raise US$2 billion via its dual listing on the Malaysian and Singaporean bourses on July 25, has operations in eight countries with a greater focus on Singapore, Malaysia and Turkey. — Reuters

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