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Kuwait in talks with Malaysia IHH on IPO investment

Malaysia's state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is trying to rope in Kuwait's sovereign wealth fund as a cornerstone investor in its $2 billion dual listing in Kuala Lumpur and Singapore, sources said.

The Middle Eastern investor will be part of more than 10 cornerstones that IHH hopes to finalise by next week who will take up over 40 percent of the $2 billion offering, sources with direct knowledge of the deal told Reuters on Wednesday. This is the second major IPO in Malaysia this year after palm oil giant Felda Global's $3.4 billion deal, which is set to become Asia's largest initial public offering so far in 2012.

Copyright Reuters, 2012


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