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Fortis may move watchdog

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Press Trust Of India

After Khazanah on Wednesday claimed majority approval of Parkway’s shareholders for its partial offer, Fortis is understood to be planning to move the Singapore Securities Industry Council (SIC) on Thursday against the Malaysian fund and charged it with misleading shareholders. According to sources close to advisors of Fortis, the company will be approaching the regulator tomorrow against Khazanah's arm, Integrated Healthcare Holdings.

 

 

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First Published: Jul 22 2010 | 1:17 AM IST

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