GIC-backed Metro Pacific Hospital files for Philippines IPO
Metro Pacific Hospitals Holdings (MPHH), a unit of Philippines-based conglomerate Metro Pacific Investments Corp. (MPIC), has filed for a domestic IPO. GIC is a minority shareholder in the business.
The company plans to raise up to PHP83.3 billion ($1.6 billion) through the sale of 417.1 million shares – rising to 457.9 million if the overallotment option is fully exercised – at PHP182 apiece....
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