Parkway's cash flow enough to service debt

Khanazah's IHHL has issued S$1.8bil to part-finance deal to buy S$3.4bln shares in Parkway.

There are sufficient free cash flows from Parkway Holdings Ltd to service the debt that has been taken up to finance its takeover by Khazanah Nasional Bhd, bankers familiar with the deal explained.

The debt servicing will also not impinge on Parkway’s capital expenditure plans, the bankers said.

Integrated Healthcare Holdings Ltd (IHHL), the wholly-owned unit of Khazanah that is taking over Parkway, recently issued S$1.8bil in short-term debt to part-finance the deal.

To recap, IHHL is buying all the shares in Parkway it does not own at S$3.95 a piece, which works out to a whopping S$3.4bil.The acquisition is being funded equally by debt and equity.

For its equity portion, Khazanah raised S$1.5bil through a sukuk issuance in Singapore.

View the full story in the Malaysian Star.

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

Top News

Horizon3 sets up ASEAN headquarters in Singapore

The cybersecurity company will expand its local team following a $319.8m (US$250m) funding round.

Information Technology

4 hours ago

Daily Markets Briefing: STI slip 0.07%; Top stock is DFI Retail

DFI Retail is the top stock with a 1.82% increase.

Stocks

4 hours ago

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

16 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

20 hours ago