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SINGAPORE – Private healthcare group Foundation Healthcare Holdings (FHH) is already “multiple-times oversubscribed” for its initial public offering (IPO), with strong demand from international and cornerstone investors, according to people with knowledge of the deal.
These include US-based long-only funds – investment portfolios focusing on buying and holding assets for the long term – attracted by FHH’s plans to grow its day surgery business in South-east Asia, they told The Straits Times.
The Temasek-backed healthcare company, which…