Shares of Fortis Healthcare today rose 6. 42 per cent after the company said it will sell its entire stake in Singapore's Parkway Holdings to Malaysia's sovereign fund Khazanah
Malaysia's sovereign fund Khazanah today offered to acquire full control of Parkway at SGD 3. 95 per share with rival India's Fortis Healthcare agreeing to sell its entire stake in
Fortis Healthcare Ltd today dispatched a voluntary conditional cash offer document to the shareholders of Singapore-based Parkway Holdings, Fortis' financial adviser RHC Holdings Private said.
The offer closing date is
Malaysian sovereign fund Khazanah today extended its partial offer for Parkway Holdings Ltd by 18 days, intensifying its battle with India's Fortis Healthcare over control of the hospital chain.
Khazanah,
Shares of Parkway Holdings rose as much as 8. 4 percent on Friday slightly above the price offered by two rival bids for the Singapore-based hospital operator as
Fortis healthcare along with its founders have made an open offer for all of Parkway Holdings for S$3. 21 billion (US$2
GIC expected to get Fortis stake in Parkway tradeoff
In a move seen by some analysts as advantageous to Fortis Healthcare in its bid to retain control of Parkway Holdings, promoter of the top Asian hospital network, Singapore’s securities
Stay informed on our latest news!
