Fullerton Healthcare delays S$213m IPO

singapore px230
By Jonathan Breen
21 Nov 2016

Fullerton Healthcare Corp has decided to pull its S$213.3m ($149.6m) IPO after delaying the transaction mid-bookbuild when questions were raised about its business model.

The IPO was set to raise S$213.3m after the 140.33m shares on offer were priced at the bottom of the S$1.52-S$1.93 marketing range in early October.

But the firm was forced to delay bookbuilding for retail investors after third parties sent a letter to the Singapore regulator raising questions ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial