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