Retirement village & aged care provider Metlifecare Ltd will open for trading on the ASX today and will be a member of the Australian exchange’s healthcare index.
The company prepared a prospectus for the ASX listing process, but isn’t undertaking any capital-raising and has no current plans to do so.
Metlifecare chairman Peter Brown said on Friday: “This secondary listing will provide Metlifecare with additional access to investors & the Australian equity markets. While we already have a number of Australian institutional investors on our share register, there has been increased interest from other investors, some of whom are restricted in their ability to invest into non-ASX-listed companies.
“We have no plans to expand operationally into Australia and are firmly focused on the significant opportunity in the New Zealand market, particularly in our targeted geographical area in the upper North Island, and achieving our growth targets.”
Attribution: Company release.