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Thai developer's hospital unit plans listing.
Sep. 4--Bangkok Chain Hospital, an affiliate of the developer Land & Houses Plc, plans to sell a 34.74 percent stake in an initial public offering in October, its financial adviser said yesterday.
BCH, which operates six hospitals under the Kasemrad name, mostly in Bangkok, planned to offer 330 million shares, said Udomsak Chakreyavanich, the investment banking chief at Asia Plus Securities.
Land & Houses, the country's biggest homebuilder, owns 40 percent of the company. After the IPO, its holding will be diluted to 25.68 percent. Another major shareholder is the Harnphanich family, which founded the chain and will see its holding fall to 39.58 percent ...
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Source: HighBeam Research, Thai developer's hospital unit plans listing.