Malaysia's Keck Seng to divest entire Parkway stake

Planned 35.58 million shares sale to Khazanah Nasional to gain S$111.47mln

Keck Seng (M) Bhd has resolved to dispose of its entire stake in Singapore-listed Parkway Holdings Ltd at S$3.95 per share to Khazanah Nasional Bhd.

Keck Seng told Bursa Malaysia on Friday that the proposed disposal of the 35.58 million shares to Khazanah’s Integrated Healthcare Holdings Ltd would raise proceeds of RM327.49 million (S$140.33 million), according to a Star report.

The company expects a gain of RM260.14mil (S$111.47 million) from the disposal of the stake when it accepted the offer made by Integrate Healthcare under its July 26 general offer announcement.

As at July 20, 2010, Keck Seng and its wholly-owned subsidiary Keck Seng Investment Pte Ltd collectively owned a 3.13% interest in Parkway.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia