| 20.05.2011 - Malaysia sovereign wealth chief defends Parkway acquisition |
| The head of Malaysia’s government investment arm Khazanah Nasional has defended its purchase of Singapore hospital operator, Parkway Holdings last year. The sovereign wealth fund outbid India’s Fortis Healthcare and ended up paying $2.6 billion for the 76.1 percent stake it didn’t already own. “For something like healthcare, the circumstances were that we had to defend our assets in Parkway,” Azman Mokhtar said..............................................Full Article: Source |