Corporate digest

IHH Healthcare

IHH Healthcare is divesting a 29.9 per cent equity stake in the holding entity for its China portfolio to China's Taikang Insurance Group Inc for 1.1 billion Chinese yuan (S$228 million). IHH said its subsidiary, Parkway Group Healthcare has entered into a share purchase and subscription agreement with TK Healthcare Investment, an indirect subsidiary of Taikang Insurance for a stake in PCH Holding Pte Ltd. The proceeds from the divestment will be mainly deployed as growth and working capital for PCH.

The Straits Trading Company