IHH has gained more than 103% since its IPO, paid out almost RM1.15 billion ($380.3 million), or 17 sen a share, in dividends and generated RM4.53 billion in net profit since 2013.
SINGAPORE (Apr 12): Towards the end of July 2012, at a meeting with bankers and fund managers in the run-up to IHH Healthcare’s IPO, an executive of a financial institution asked what was so special about the healthcare provider. “If we throw a few billion dollars, we can recreate IHH,” he said.
In response, IHH’s current managing director and CEO, Dr Tan See Leng, explained that the hardware — the hospitals and equipment — could be acquired, but the people — the specialists, doctors and other employees — could not be replicated.
