Medical testing firm Pathlab is reportedly considering selling its business in Malaysia, while the Thai store operator Big C is said to be looking at raising $500 million in an IPO.
Pathlab considers selling its Malaysian unit for $200m
Pathology & Clinical Laboratory (M) Sdn (Pathlab), a Southeast Asian medical testing company, is weighing selling its business in Malaysia for a consideration of $200 million, Bloomberg reported on Tuesday.
The portal cited people with knowledge of the matter that the company is working with an adviser on the potential divestment.
While some buyout firms and hospital operators have expressed initial interest, the people also said that there is no guarantee that Pathlab will proceed with a deal.
Pathology & Clinical Laboratory was founded in 1978. The company’s business includes providing professional analytic or diagnostic services for the medical profession.
It has been growing in tandem with the progressive healthcare industry of the region. The company said on its website that it is one of the largest medical testing groups in Southeast Asia, with more than 70 operations in Malaysia, Singapore, Thailand, Indonesia, Hong Kong and Cambodia.
Thai hypermarket chain Big C weighs $500m IPO
Thailand-based hypermarket operator Big C Supercenter is reportedly looking at raising at least $500 million in an initial public offering (IPO) in Bangkok, about five years after it delisted from the local bourse.
According to a Bloomberg report, Big C’s share sale could happen as soon as next year although a representative for Berli Jucker, the owner of the company, said they have no information on the IPO plans so far.
Founded in 1993 by Thailand’s Central Group, Big C raised about $112 million in its 2012 IPO. It was delisted in 2017 after Berli Jucker took it private.
Big C operates nearly 1,800 convenience stores, supermarkets, and hypermarkets in Thailand, Vietnam, Laos, and Cambodia. It also acquired 18 Kiwi Mart Stores in Cambodia earlier this year and will be rebranding them into Big C Mini stores, according to the Bloomberg report.