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PETALING JAYA: IHH Healthcare Bhd rose 1.33% or 8 sen to RM6.08 this morning on news of a new offering for the second largest hospital group in India, Fortis Healthcare Ltd.
At 11:13, the stock L & # 39; IHH launched the new offer after a new bidding process launched last Friday
"IHH issued a July 3 letter to the board of directors. Fortis administration establishing a firm offer, which replaces and replaces the revised revised proposal, "according to the IHH filing on the stock exchange.
This is the only binding offer of IHH.
IHH is one of the invited bidders for the new Fortis auction round and the results will be known on July 16 at 5 pm.
The firm offer will be deemed withdrawn if IHH receives no response from Fortis after the period indicated.
Besides the IHH, the Consortium of Hero Office of Business Investment and Burman Family Office, Fosun International Ltd. and Manipal Hospitals Enterprises are the bidders of Fortis
IHH had planned to invest up to 40 billion rupees (RM2.36 billion) through a preferential allocation of shares at a price not exceeding 160 rupees per share to Fortis after its bid was denied in April .
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