Market speculation of a mandatory general offer for Parkway may finally be proven accurate, with Fortis Healthcare widely believed to be the prime suspect. However, the fact that Khazanah had transferred its shares from a Singapore incorporated holding company into a Malaysian incorporated holding company, seemingly to make it easier to effect a friendly sale and smooth transfer, could provide another twist - that there may be more than one suitor for Parkway other than Fortis...
The cash offer for Parkway by Khazanah is S$3.78, representing 25% premium to last closing price. If successful, Knazanah will hold 51.5% stake of parkway
No comments:
Post a Comment