KUALA LUMPUR: India's Fortis Healthcare Ltd. is accepting Khazanah Nasional Bhd's revised offer for'' its entire stake in Parkway Holdings Ltd at S$3.95 per share in cash.
Fortis said its unit had on Monday, July 26, reached an agreement with Khazanah Nasional's Integrated Healthcare Holdings Ltd (IHHL) to tender its entire stake in Parkway when it accepted IHHL's revised voluntary general offer at S$3.95 per share in cash.
Fortis said in a statement issued to the Singapore Exchange that it would withdraw of its voluntary general
offer for Parkway with immediate effect.
Fortis & Parkway chairman Malvinder Mohan Singh said after considered and deliberate discussions, we have decided to
divest our strategic stake in Parkway and have reached an agreement with IHHL to accept their voluntary general offer.
"Our decision to exit our investments took into account the interest of all stakeholders of Fortis. It was made after careful assessment in light of other growth opportunities available to us across the region and globally,' it said.
Fortis said its unit had on Monday, July 26, reached an agreement with Khazanah Nasional's Integrated Healthcare Holdings Ltd (IHHL) to tender its entire stake in Parkway when it accepted IHHL's revised voluntary general offer at S$3.95 per share in cash.
Fortis said in a statement issued to the Singapore Exchange that it would withdraw of its voluntary general
offer for Parkway with immediate effect.
Fortis & Parkway chairman Malvinder Mohan Singh said after considered and deliberate discussions, we have decided to
divest our strategic stake in Parkway and have reached an agreement with IHHL to accept their voluntary general offer.
"Our decision to exit our investments took into account the interest of all stakeholders of Fortis. It was made after careful assessment in light of other growth opportunities available to us across the region and globally,' it said.
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