Malaysia’s Masterskill IPO priced at 3.80 rgt/share-sources

KUALA LUMPUR, May 5 (BestGrowthStock) – The initial public offering
of Malaysia’s largest nursing school operator has been priced
at 3.80 ringgit a share, at the top end of an indicative range,
sources with knowledge of the deal told Reuters on Wednesday.

The IPO will raise 771 million ringgit ($240 million) in
Malaysia’s biggest initial public offering so far this year.

The company, which provides medical nursing training
services through Masterskill University College of Health
Sciences, set the indicative price range of its offering of up
to 205 million new and existing shares at 3.00-3.80 ringgit
each.

CIMB (CIMB.KL: ) and Goldman Sachs (GS.N: ) are the joint
global coordinators and joint bookrunners of the share offer.

Masterskill officials were not immediately available for
comment.

Investing Basics

($1=3.212 Malaysian Ringgit)

(Reporting by Soo Ai Peng and Julie Goh; Editing by Niluksi
Koswanage)

Malaysia’s Masterskill IPO priced at 3.80 rgt/share-sources