Orthopaedic group Asian Healthcare Specialists eyes Catalist IPO

SINGAPORE (Mar 29): Asian Healthcare Specialists, a group of five orthopaedic specialists operating four The Orthopaedic Centre clinics in Singapore, has lodged a draft prospectus for an initial public offering (IPO) on the Catalist board of the Singapore Exchange.

There will not be a public tranche as AHS will be issuing new shares through a placement exercise which will be made available to retail and institutional investors in Singapore.

While the size of the IPO has not been announced, AHS says proceeds will be used to expand its business through acquisitions, joint ventures or strategic alliances, as well as to invest in synergistic businesses and to invest in management and healthcare professionals.

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