Integrated Healthcare, a wholly-owned unit of Malaysian sovereign wealth fund Khazanah Holdings, said Wednesday that 15.7 million shares have been tendered as acceptances for its partial offer for Singapore's Parkway Holdings (P27.SG).

The acceptances represent 5% of the 313 million shares Khazanah is looking to buy.

Khazanah is presently in a bidding war with India‘s Fortis Healthcare (532843.BY) for control of healthcare group Parkway.

The Malaysian group launched a $1.18 billion partial takeover for Parkway in May, offering $3.78 a share in cash for 313 million shares to take its stake to 51.5%. It now owns a 24.1% stake in Parkway.

The offer closes July 26.