Parkway Holdings caught in control battle

Malaysia's Khazanah made a $835 million offer to lift its stake amidst plans of India's Fortis Healthcare to build a controlling stake in Singapore-based Parkway.

Sovereign wealth fund Khazanah’s offer represents the company’s intention to lift its stake from 23.5 percent to 51.5 percent in Asia’s biggest listed hospitals firm.

Fortis, which owns roughly 25 percent of Parkway, would have to disclose its offer decision by 30 July.

View the full story in Reuters.

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