E J Tan's comment on SUNMED. All Comments

E J Tan
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According to a bourse filing, EPF subscribed to 499.8 million Sunway Healthcare shares during the company’s initial public offering. With the IPO priced at RM1.45 per share, the transaction was valued at RM724.72 million.

EPF also acquired 62.9 million shares through a dividend-in-specie distribution. This was part of Sunway Healthcare’s IPO on March 18, under which Sunway Bhd (KL:SUNWAY) distributed shares of Sunway Healthcare as a special dividend—one Sunway Healthcare share for every 10 Sunway shares held.

In addition, EPF purchased 34.6 million shares on the open market while also disposing of 7.57 million shares.

All in all, the fund’s total stake in Sunway Healthcare now stands at 5.13%.
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