Sale of RHT's assets to Fortis 'on normal commercial terms': IFA

Singapore

THE independent financial adviser (IFA) to the independent directors of RHT Health Trust on Wednesday said the trust's proposed disposal of assets is "on normal commercial terms and is not prejudicial to the interests of RHT and its minority unitholders".

This is even after considering certain factors, including a reduction of 500 million Indian rupees (S$9.7 million) from the consideration due to the parties not being able to obtain the warranty and indemnity insurance, said KPMG Corporate Finance.