Malaysia's Sime Darby healthcare unit picks banks for $300m IPO

Photo by Hush Naidoo on Unsplash

Ramsay Sime Darby Health Care Sdn. has picked arrangers for an initial public offering in Malaysia that could raise about $300 million, according to people with knowledge of the matter.

Credit Suisse Group AG, Malayan Banking Bhd. and Morgan Stanley have been chosen to work on the planned listing of the health care firm, said the people, who asked not to be identified as the information is private. The share sale in Kuala Lumpur could take place as soon as the second half of this year, the people said.

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