CDH-Backed New Century Healthcare Completes $102M Hong Kong IPO

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New Century Healthcare, a children’s and women’s hospital operator backed by Chinese alternative investment firm CDH Investments, has completed a listing on the Hong Kong Stock Exchange today.

The Beijing-based hospital group has raised around HK$789 million (US$102 million) via the initial public offering. It plans to use the proceeds to open more hospitals and clinics in China’s major cities.

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