IHH unchanged this morning after winning Fortis bid
16 Jul 2018 / 11:02 H.
PETALING JAYA: IHH Healthcare Bhd's share price stood unchanged at early trade this morning after it won the bid for India's Fortis Healthcare Limited and could pump in as much as RM4.33 billion for the much coveted interest in the healthcare group.
At 10.30am, IHH was trading at RM6 per share with 30,200 shares changing hands.
IHH will put in place a 100-day turnaround plan to guide Fortis for immediate stabilisation.
On Friday, IHH announced that its wholly owned subsidiary Northern TK Venture Pte Ltd was the preferred bidder to acquire a 31.1% stake in Fortis, making it the largest shareholder.