Templeton cuts stake in Singapore’s Parkway to 4.97 pct

SINGAPORE, July 19 (BestGrowthStock) – U.S. fund manager Templeton,
one of Parkway Holdings’ (PARM.SI: ) largest institutional
shareholders, has cut its stake in the Singapore healthcare
firm following a series of sales earlier this month.

Malaysian state investor Khazanah and Indian healthcare
giant Fortis (FOHE.BO: ), which each own around 25 percent of
Parkway, are currently tussling for control of the Singapore
firm.

Templeton now owns 4.97 percent of Parkway, down from 5.04
percent previously, after selling about 357,000 shares between
July 8 and July 14, Parkway said in a disclosure to the
Singapore Exchange.

For a factbox on Parkway, please click [ID:nSGE6600DM]

(Reporting by Kevin Lim)

Templeton cuts stake in Singapore’s Parkway to 4.97 pct