This article only represents the author's own views.
Private healthcare would appear to have big potential in China, as the country’s new middle class shops for options beyond the usual public hospital options. But don’t tell that to private hospital operators BenQ BM Holding Cayman Corp., whose repeated attempts to go public in Hong Kong have failed, as it offers up a listing whose financials that are hardly impressive. There are some reasons for investors to like the company, but also plenty not to.
The private-hospital operator made a new filing for a Hong Kong IPO last week, its latest in a two earlier efforts dating back to April last year that failed to reach fruition. Now, the company that’s majority owned by Taiwan-listed Qisda (2352.TW), a global leader in liquid crystal displays (LCDs) and projectors, is hoping the third time will be the charm in its listing journey.