Baker McKenzie, Christopher & Lee Ong (CLO), Latham & Watkins, and Mah-Kamariyah & Philip Koh (MKP) advised on Sunway Healthcare Holdings Berhad Initial Public Offering (IPO).
Sunway Healthcare Holdings Berhad, a leading integrated private healthcare group in Malaysia operating five quaternary and tertiary hospitals along with ambulatory and complementary care centres, raised approximately RM 2.86–3.28 billion (US$722 million) through its IPO on the Main Market of Bursa Malaysia, marking the largest IPO in Malaysia in nearly a decade.
The listing included an over-allotment option and involved both domestic retail investors and international institutional investors under Regulation S of the U.S. Securities Act of 1933. The IPO achieved a market capitalization of approximately RM16.7 billion, supporting the company’s growth and enhancing its position in Malaysia’s private healthcare sector.
Baker McKenzie advised the Joint Global Coordinators and Joint Bookrunners on US federal securities laws and English law.
The deal team was led by US-qualified Capital Markets Principal Alexander Stathopoulos (Singapore), with Associates Natania Ng and Andre Sng. London-based Corporate Partner George Marshall, supported by Associate Avni Devgan, advised on English law aspects.
Christopher & Lee Ong acted as Underwriters’ Counsel to a syndicate of 13 investment banks, including Maybank Investment Bank Berhad, UBS Singapore, UBS Malaysia, AmInvestment Bank Berhad, HSBC SG, Jefferies Singapore, Affin Hwang Investment Bank Berhad, CIMB Investment Bank Berhad, CLSA Limited, CLSA Securities Malaysia Sdn Bhd, DBS Bank Ltd., Mizuho Securities Asia Limited, RHB Investment Bank Berhad, and United Overseas Bank Limited.
The CLO team was led by Partners Justin Chua and Vivian Lim, with Partner Soh Annette providing strategic support, and Associates John Bong and Sara Gui supporting execution throughout the transaction.
Latham & Watkins advised Sunway Healthcare Holdings on the IPO.
The team was led by Singapore Corporate Partner Sharon Lau and Counsel Jeremy Wang, with Associate Zheyi Feng.
Mah-Kamariyah & Philip Koh also acted as issuer’s counsel for Sunway Healthcare Holdings.
The transaction team included Managing Partner Adrian Koh, Partner Yee Chew Yan, Senior Associate Lam Shi Yen, and Associates Lim Hui Ying, Choo Sheau Kee, and Snegaah Mohana Krishnana.
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