Fortis Healthcare Ltd plans to list Religare Health Trust, a business trust of the company, which invests in medical and healthcare assets and services in Asia, Australasia and emerging markets on the Singapore Exchange Securities Trading Ltd.
Religare Health Trust today filed the preliminary prospectus with the Monetary Authority of Singapore in relation to the initial public offer of its units.
Fortis Healthcare aims to raise between S$499.4 mln and S$550.4 mln and the offer price is between S$0.88 and S$0.97 per share.
The proceeds from the initial public offering will be utilised for general working capital, payment of issue expenses and debt-related costs and completion of the acquisition of the initial portfolio from the sponsor.
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