Post Reply
1-1 of 1
Fortis Healthcare is not looking to sell its stake in Parkway Holdings following Malaysian sovereign wealth fund Khazanah''s bid to take control of Singapore hospital chain says MD Shivinder Singh on conference call with analysts. According to market watchers, Fortis will strain its balance sheet if it counter offers to gain control of Parkway. So far, it has yet to reveal its Parkway strategy but is reportedly in talks with GIC on financing options as it weighs the possibility of a counter bid.
