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Biggest Pharmacy Chain in Malaysia Plans $565 Million Share Sale

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Biggest Pharmacy Chain in Malaysia Plans $565 Million Share Sale Malaysia’s biggest pharmacy chain Big Caring Group Bhd. is offering shares worth up to 2.3 billion ringgit ($565 million) in an initial public offering that’s poised to be the country’s second largest listing this year. The shares are priced at 1.08 ringgit apiece, valuing Big Caring at 8 billion ringgit upon listing, according to its prospectus published on Thursday. The offer covers a total of 2.1 billion shares, including...

Biggest Pharmacy Chain in Malaysia Plans $565 Million Share Sale Malaysia’s biggest pharmacy chain Big Caring Group Bhd. is offering shares worth up to 2.3 billion ringgit ($565 million) in an initial public offering that’s poised to be the country’s second largest listing this year. The shares are priced at 1.08 ringgit apiece, valuing Big Caring at 8 billion ringgit upon listing, according to its prospectus published on Thursday. The offer covers a total of 2.1 billion shares, including over-allotment option.
Biggest Pharmacy Chain (ORG) Malaysia (LOCATION) Big Caring Group Bhd. (ORG)
Originally published by Bloomberg Markets Read original →