BRIEF-IHH Healthcare Says Fortis Open Offer & Malar Open Offer Will Not Proceed For Time Being

Reuters

17 November 2019 at 11:53 pm

Nov 18 (Reuters) - IHH Healthcare Bhd

* IHH HEALTHCARE- CLARIFIES THAT 31.1% OF EXPANDED VOTING SHARE CAPITAL OF FORTIS HELD BY IHH THROUGH UNIT NTK WAS ACQUIRED BY NTK THROUGH SUBSCRIPTION

* HAS NO TIME DEALT WITH NOR COLLUDED WITH ERSTWHILE PROMOTERS IN RELATION TO FORTIS SUBSCRIPTION

* SUBSCRIPTION WAS UNDERTAKEN AND COMPLETED AFTER ERSTWHILE PROMOTERS WERE NO LONGER IN CONTROL OF FORTIS

* REMAINS COMMITTED TO PROCEED WITH FORTIS OPEN OFFER ONCE STAY IS LIFTED BY SUPREME COURT OF INDIA

* FORTIS OPEN OFFER AS WELL MALAR OPEN OFFER WILL NOT PROCEED FOR TIME BEING

* NTK'S SUBSCRIPTION UNDERTAKEN IN TRANSPARENT MANNER, AFTER OBTAINING APPROVALS & IN ACCORDANCE WITH APPLICABLE LAWS

* IHH IS SEEKING APPROPRIATE LEGAL ADVICE Source text http://bit.ly/2Qu8Ms6 Further company coverage:

People
“Call Her Daddy'”s Alex Cooper Models Her Wedding Night Lingerie in Instagram Reveal: See the Racy Look
Cooper wore a sexy lacy bodysuit from SKIMS' Wedding Shop collection after marrying Matt Kaplan in Mexico
17 hours ago
Yahoo News Singapore
Fatal accident in Tampines: 42-year-old driver involved in crash charged with four offences, including dangerous driving causing death
After a fatal collision in Tampines, Muhammad Syafie Ismail, 42, faces four charges including dangerous driving causing death.
12 hours ago
Cosmo
Sabrina Carpenter looks practically naked in completely see-through lace mini dress
Sabrina Carpenter went braless wearing the Mirror Palais Anemone Dress in butter featuring illusion tulle adorned with lace appliqués along the neckline and hem
5 hours ago
Evening Standard
Liverpool: Darwin Nunez tipped to be sold by Arne Slot after 'unforgivable error'
The striker was again guilty of a huge miss as Everton all but ended Liverpool’s title hopes
9 hours ago
INSIDER
Malaysia might add a casino to boost troubled $100 billion mega-development Forest City
The casino, which would only be the second in Malaysia, could revive the struggling property.
7 hours ago
The Telegraph
Horse trainer accused of rape and murder found dead at home
A horse trainer who was accused of the murder and rape of a showjumper he was in an “illicit relationship” with has been found dead before the second day of his trial was set to begin.
19 hours ago
The Telegraph
Satellite images show Iran tried to cover up impact of Israeli missile strike
Iran replaced a destroyed radar installation within hours of an Israeli strike on an air base last week in an attempt to make it appear as though the damage had been minimal, it has been claimed.
20 hours ago
People
Kim Kardashian Reveals the Viral SKIMS Nipple Bra Was Modeled After Her Own Breasts
The bra was first released in October 2023
2 days ago
BANG Showbiz
Megan Thee Stallion being sued for ‘forcing cameraman watch her having lesbian sex!’
In a suit being brought by her ex-cameraman, Megan Thee Stallion is being sued for allegedly creating a hostile work environment and forcing her former videographer to watch her having lesbian sex.
2 days ago
The Telegraph
The five horrible defensive mistakes that derailed Liverpool’s title bid
When you are fighting to stay in the title race and need a win at the home of your city rivals, you cannot get away with the calamitous defending that gifted Everton the lead against Liverpool.
19 hours ago
INSIDER
A National Geographic photographer gave me 4 tips for taking better pictures with my phone. I tried them and the results blew me away.
You don't have to be an expert to take good iPhone pics, but National Geographic's Kiliii Yüyan said you'll get the best ones if you try more angles.
2 days ago
People
Kourtney Kardashian's Sexy Bikini Photo from Her 45th Birthday Leaves Husband Travis Barker Melting
Kardashian enjoyed a vacation in paradise with her husband and four kids in honor of "45 trips around the sun"
2 days ago
People
TikToker Xandra Pohl Sizzles in Racy Bikinis in “Sports Illustrated Swimsuit” Rookie Shoot: ‘Been My Dream’
Pohl joins Brittany Mahomes and seven Swim Search finalists in the 2024 Rookie class in the magazine’s 60th-anniversary issue, out May
22 hours ago
SETHLUI.COM
Sweet Garden Dining Cafe: No GST & service charge at ex-5-star hotel chef’s Western cafe
The post Sweet Garden Dining Cafe: No GST & service charge at ex-5-star hotel chef’s Western cafe appeared first on SETHLUI.com.
10 hours ago
Evening Standard
Manchester United 4-2 Sheffield United: Bruno Fernandes magic offers fresh Europa League hope
Red Devils three points clear of Newcastle in battle for top six
19 hours ago
People
'My Drink Tasted Funny': Pregnant Woman's Last Words Revealed After Alleged Fatal Poisoning by Boyfriend
Jade Benning died on her 25th birthday on March 6 after she was rushed to the hospital the week before
2 days ago
Reuters
UPDATE 2-Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Former Malaysian Prime Minister Mahathir Mohamad is among individuals being investigated in connection with a graft probe involving his sons, the head of Malaysia's Anti-Corruption Commission (MACC) said on Thursday. The investigation comes amid a widening crackdown on graft involving prominent political figures, including those seen as close to 98-year-old veteran leader Mahathir, a long-time foe of current Prime Minister Anwar Ibrahim.
8 hours ago
CNN Business
Switzerland says UBS may need more cash. The bank is fuming
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its finances are robust.
a day ago
InStyle
Prince Edward and Duchess Sophie Feel Disappointed by King Charles Royal Title "Snub"
The "chosen ones" are reportedly sad they didn't get new roles after Prince William and Kate Middleton's latest appointments.
4 hours ago
Reuters
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China's Geely , foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of global rivals, especially on affordability. The $35,000 window sticker of Volvo's compact SUV hits a sweet spot in the U.S. market, where most buyers cannot afford most EVs.
a day ago

Latest stories