Big Caring Group Bhd., described by multiple reports as Malaysia’s largest pharmacy chain, is preparing an initial public offering (IPO) that could raise up to about 3 billion ringgit (around US$750 million), according to sources cited by Bloomberg and information provided by Free Malaysia Today. The company plans to offer up to 25.5% of its enlarged share capital as part of the listing. Both outlets indicate the fundraising size aligns with a potentially major domestic listing in recent years, with Bloomberg characterizing it as one of Malaysia’s largest IPOs in the past decade. Free Malaysia Today reports that part of the proceeds is intended to reduce the company’s debt, while Bloomberg focuses on the overall amount the IPO may seek. Details on pricing, timing, and final offer size are not covered in the supplied excerpts. Overall, the available information describes a large equity offering by the pharmacy chain, with proceeds including debt repayment, and an indicative target of up to US$750 million.
Big Caring seeks up to US$750 million in IPO
Big Caring Group Bhd., described by multiple reports as Malaysia’s largest pharmacy chain, is preparing an initial public offering (IPO) that could raise up to about 3 billion ringgit (around US$750 m...
- Big Caring Group Bhd. is seeking to raise up to about 3 billion ringgit (around US$750 million) in an IPO.
- The company plans to offer up to 25.5% of its enlarged share capital.
- Proceeds are intended in part to pay down debt.
- Big Caring is described as Malaysia’s largest pharmacy chain.
- The IPO is expected to be among Malaysia’s largest listings in the past decade.
Big Caring Group Bhd is offering up to 25.5% of its enlarged share capital and intends to use some proceeds to pay down debt.
3 months agoBig Caring Group Bhd., the largest pharmacy chain in Malaysia, is looking to raise as much as 3 billion ringgit ($750 million) in its initial public offering, potentially one of the country’s biggest listings in the past decade, according to people familiar with the matter.
3 months ago
Iran says US sanctions and war pressure cut trade while Tehran vows to continue
Iranian officials acknowledge that war-related pressure and intensified U.S. sanctions are weighing on the country’s eco...
Jim O’Neill criticizes wealth and capital gains tax rises in Labour’s first Budget
Lord Jim O’Neill, a senior Labour ally, says it would be “stupid” to raise capital gains tax in the government’s first B...
Lorraine Kelly confirms her ITV return date after a lengthy break
Lorraine Kelly confirms when she will return to ITV after taking a lengthy break from her morning show. Both outlets rep...