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Fortis Healthcare shares rise

July 26, 2010

Shares in Fortis Healthcare rose nearly 3 percent on Monday after Fortis said it is accepting Khazanah’s offer for Parkway.

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Fortis made  S$116.7 million profit on its stake and will look for other opportunities in the region. The company’s chief financial officer also said that Fortis will be debt-free following the sale of its stake in Parkaway Holdings.

Do you think shares in Fortis will extend their rise on Tuesday?

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