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Malaysia’s sovereign fund Khazanah offered to raise its stake in Singapore healthcare firm Parkway Holdings (PARM.SI) to 51.5% in a $1.18 billion deal.
Khazanah is offering $3.78 a share to increase its stake from the current 23.5% in Parkway, according to a statement from the Singapore group on Thursday.
Khazanah is offering $3.78 a share to increase its stake from the current 23.5% in Parkway, according to a statement from the Singapore group on Thursday.
In March, Indian hospital chain operator Fortis Healthcare (FOHE.BO), bought a 23.9% stake in Parkway from U.S. buyout firm TPG for US$685 million ($966 million).
Trading in Parkway shares was suspended.
