Qualitas Health Weighs $942 Million Malaysian IPO, The Edge Says

Asian healthcare provider Qualitas Health Group is weighing an initial public offering that will raise as much as 4 billion ringgit ($942 million), according to a report in The Edge, citing sources with knowledge of the matter.

The company has reached out to investment bankers for the exercise, which will raise funds for expansion, the report said. The group has operations in Singapore, Malaysia and Australia, it added.

Qualitas officials could not be immediately reached for a comment, The Edge said.

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