KUALA LUMPUR: India-based Fortis Healthcare Ltd is offering S$3.80 (RM8.82) cash per share to acquire the remaining shares it does not already own in Parkway Holdings Ltd, according to a filing to the Singapore Stock Exchange on Thursday, July 1.
The move is a counterbid by Fortis to block Khazanah Nasional Bhd's plan to acquire a controlling stake in the Singapore-listed health entity.
Fortis Healthcare Ltd is Parkway's single largest shareholder with a 25.3% stake, while Khazanah has 23.8%.
On May 27, Khazanah's unit Integrated Healthcare Holdings Ltd offered to acquire 313 million shares in Parkway for S$1.18 billion, or S$3.78 per share.
The move is a counterbid by Fortis to block Khazanah Nasional Bhd's plan to acquire a controlling stake in the Singapore-listed health entity.
Fortis Healthcare Ltd is Parkway's single largest shareholder with a 25.3% stake, while Khazanah has 23.8%.
On May 27, Khazanah's unit Integrated Healthcare Holdings Ltd offered to acquire 313 million shares in Parkway for S$1.18 billion, or S$3.78 per share.
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