Asia OneHealthcare files draft prospectus for Malaysia IPO
TPG•Asia OneHealthcare filed a draft prospectus for an IPO of up to 4.38 billion shares on Bursa Malaysia, without disclosing the offer price, deal size or listing date. It reported a net profit of 344.4 million ringgit for the year ended March 2026, compared with a net loss a year earlier.
1. IPO share sale
The offering comprises up to 3.86 billion existing shares sold by HLT Healthcare Holdings Singapore, through which TPG controls Asia OneHealthcare, and 521.1 million new shares issued by the hospital operator. The company plans to offer up to 3.77 billion shares to institutional investors and 615.5 million shares to its managing director, employees, contributors to the group and the Malaysian public.
2. Ownership and results
HLT Healthcare Holdings would retain a 73.9% stake if an over-allotment option covering up to 657.1 million additional existing shares is not used. Asia OneHealthcare plans to use proceeds from the new shares for hospital expansion, facility and equipment maintenance, partial debt repayment and IPO expenses. It operates 23 hospitals in Malaysia and Vietnam; revenue rose 13.6% to 3.29 billion ringgit in the year ended March 2026.
