IHC mulls creation of healthcare REIT

Plans to list it on SGX-ST Mainboard.

The Board of Directors of International Healthway Corporation Limited announced that the company is currently exploring the establishment of a healthcare real estate investment trust (REIT) to be listed on the Main Board of the SGX-ST.

The company had floated the possibility last year thati t may eventually establish listing vehicles, such as REITs, which will enable the company to monetise part of its asset portfolio.

The properties forming the portfolio of the REIT, the terms at which the properties will be injected into the REIT and the other details of the proposed transaction (including the size of any offering to be made in respect of units in the REIT, the timeframe of any such offering as well as the terms of any such offering) are currently still under review.

The establishment of the REIT and the listing of the REIT on the SGX-ST will be subject to, among other things, market conditions, the relevant regulatory and other approvals being obtained and the execution of definitive agreements by the relevant parties.