KUALA LUMPUR, July 13 (Bernama) -- Trading in the shares of IHH Healthcare Bhd was halted as of 9.22 am today.
The private healthcare group's shares were last traded at RM5.95, down two sen from yesterday's close of RM5.97, with 7,000 shares transacted.
In a filing to Bursa Malaysia, IHH Healthcare said its shares would resume trading from 2.30 pm.
The group also announced that its indirect wholly-owned unit, Northern TK Venture Pte Ltd, has proposed to subscribe to approximately 31.1 per cent in India chain of specialist hospitals Fortis Healthcare Limited for RM2.35 billion.
It also proposed an open offer for public shareholders of Fortis Malar Hospital at a price as determined under the substantial acquisition of shares and takeovers regulations.....