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Fortis Healthcare update on inter-subsidiary transaction in respect of RHT Health Trust

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Capital Market
Last Updated : Sep 07 2018 | 11:16 AM IST
Fortis Healthcare announced that RHT Health Trust Manager ('RHT-TM') which is a step down wholly-owned subsidiary of Fortis Healthcare ('FHL') has sold an aggregate of 1,500,000 Units in RHT Health Trust ('RHT') and the same was consummated on 05 September 2018 at an average price of SGD 0.78 per Unit to Fortis Healthcare International ('FHIL') which is a wholly-owned subsidiary of FHL. There will not be any change in FHL's total interest in RHT following the transaction and will remain at 27.82%.

FHIL
Entity Interest in RHT Before the Sale of Units (%) - 24.95
Interest in RHT After the Sale of Units (%) - 25.14

RHT TM
Entity Interest in RHT Before the Sale of Units (%) - 2.87
Interest in RHT After the Sale of Units (%) - 2.68

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First Published: Sep 07 2018 | 10:47 AM IST

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