Fortis Healthcare drops plan to sell stake in RHT Health Trust, trustee manager

Singapore

INDIA'S Fortis Healthcare has decided to close the bidding and search process to explore the possibility of sale of interest in Singapore-listed RHT Health Trust (RHT) and its trustee manager RHT Health Trust Manager (RHTTM).

This was after no firm, commercially viable proposal was received and no binding or non-binding agreement was reached with Fortis Healthcare (Fortis) and its wholly owned subsidiaries, Fortis Healthcare International (FHIL) and Stellant Capital Advisory Services, in connection with the sale.