Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Saturday, July 14, 2012

IHH's institutional, retail price fixed at RM2.80

PETALING JAYA (July 13, 2012): IHH Healthcare Bhd has fixed its cornerstone, institutional and final retail share price under its RM6.2 billion initial public offering (IPO) at RM2.80 and S$1.113 a share, at the upper end of the indicative range of RM2.67 to RM2.85 per share, for its concurrent listing on Bursa Malaysia and Singapore Exchange.

In a joint filing with Bursa Malaysia yesterday, CIMB Bank Bhd's Singapore Branch and DBS Bank Ltd said the price for the global offering of up to 2.23 billion shares with an over-allotment option of up to 170 million shares, was fixed after the close of the book-building for institutions.

IHH will debut on the Malaysian and Singaporean bourses on July 25.


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