Bangkok hospital to trade on stock exchange

7 May 2012

Private Bangkok hospital operator Srivichai Vejvivat Company will offer public shares on the Thai stock exchange from Wednesday. The company will trade as VIH on the Stock Exchange of Thailand (SET) and is the first Thai hospital to list in over seven years.

VIH held an initial public offering (IPO) of shares from 30 April to May 2 which realised almost 170 million Baht. The IPO offered 135 million new shares which were valued at 1.25 baht apiece. Maybank Kim Eng Securities (Thailand) acted as VIH’s underwriter and advisor for the sale.

VIH chief executive officer Vichai Vanadurongwan said that proceeds from the public listing would be ploughed back into the four hospitals under the company’s marque. He added that the income would be used to augment existing facilities to handle increasing patient demand, to service loans and increase operating capital funds.

The VIH group currently operates four Vichaivej International hospitals which are located in and around Bangkok at Nong Khaem, Omnoi, Bangkok Noi and Samut Sakhon. VIH’s accounts show that at present it has 535 million Baht of paid-up registered capital.

The biggest shareholder in VIH is the Vanadurongwan group which holds 55.6 per cent of the company’s shares. Besides individuals and investors who bought in the IPO, other minor VIH shareholders include the Thai Military Bank and Waranya Suchitvas.

Tags: hospital trade exchange

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