Parkway bid: Fortis fights in Singapore | business | Hindustan Times
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Parkway bid: Fortis fights in Singapore

Fortis Healthcare on Thursday approached the market watchdog Securities Industry Council here alleging misleading of Parkway shareholders by Khazanah by claiming that majority of them have voted in favour of the Malaysian fund’s partial offer.

business Updated: Jul 22, 2010 23:51 IST

Fortis Healthcare on Thursday approached the market watchdog Securities Industry Council here alleging misleading of Parkway shareholders by Khazanah by claiming that majority of them have voted in favour of the Malaysian fund’s partial offer.

A letter to the SIC by Fortis said the press release issued on Wednesday by Integrated Healthcare Holdings (IHHL), the arm of Khazanah, calls into question the purpose and intention behind it. IHHL had said it has received the approval of the majority of eligible shareholders of Parkway who have so far voted on its partial offer.