RHT Health Trust done with disposal of portfolio to Fortis Healthcare
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
RHT Health Trust has completed the disposal of its entire portfolio of healthcare assets to its controlling unitholder, India's Fortis Healthcare, for about S$895.55 million, and its trustee-manager is now considering various avenues available for RHT , including identifying a possible new business or the winding up of the trust.
RHT's trustee manager intends to distribute a substantial amount - no less than 95 per cent of the net proceeds (after deducting relevant liabilities) - as a special distribution to unitholders. The remaining amount will be retained to cover RHT's ongoing expenses.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
