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Treasure International raises stake in IHC

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STANDARD Chartered Bank and Credit Suisse Singapore have said Treasure International Holdings on Wednesday acquired 6.36 million shares in International Healthway Corporation (IHC) at 10.6 Singapore cents apiece.

This brings Treasure's stake in IHC to 62.6 per cent, IHC said in a filing to the bourse operator on Wednesday.

Treasure is a direct wholly owned subsidiary of developer OUE Limited, which has launched a takeover bid for IHC.

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