Khazanah poised to acquire S'pore's Parkway

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Malaysia's sovereign wealth fund Khazanah is poised to take over Singapore-based healthcare provider Parkway after Fortis Healthcare of India dropped its own takeover plans on Monday.

Integrated Healthcare, a wholly-owned Khazanah unit, announced a sweetened offer worth 3.5 billion Singapore dollars (2.57 billion US) for the remaining shares in Parkway Holdings it does not already own.

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