Fortis and RHT Health Trust extend period for talks for 30 days

Fortis healthcare has entered into an agreement to extend the exclusivity period with RHT by an additional period of 31 days commencing from Jan 12, said Singapore listed RHT Health Trust.


This is to facilitate the continued negotiations and finalisation of the definitive agreements on the proposed disposal of its entire portfolio of healthcare assets for close to S$1 billion to Fortis.

Fortis has also undertaken to pay to the various RHT entities an outstanding amount of 978.7 million rupees as of Sept 30, 2017, arising from certain service fees and interest income on the compulsorily convertible debentures (CCDs) by Jan 31.

The offer price by Fortis for RHT’s assets was 46.5 billion rupees (S$966 million), or S$0.90 a unit, representing a 7.8 per cent premium over the latest reported net asset value of S$0.835 per share.


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