PE-backed New Century Healthcare targets $129m HK IPO

PE-backed New Century Healthcare targets $129m HK IPO

Commercial towers at the financial Central district are seen behind a lion decoration in Hong Kong, China January 5, 2016. REUTERS/Bobby Yip

Private equity-backed pediatric hospital operator New Century Healthcare is targeting to raise $129 million (HK$1 billion) in an initial public offer (IPO) at the Hong Kong stock exchange this month.

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