RHT Health Trust

Following the delisting, RHT's unitholders will have their units withdrawn from the CDP; confirmation notes will be issued to them

SINGAPORE (June 18): Fortis Hospitals, India's leading private hospital chain, has decided to close the bidding and search process to explore the possibility of sale of interest in RHT Health Trust (RHT) and RHT Health Trust Manager (RHTTM).

SINGAPORE (June 14): CGS-CIMB Securities continues to rate RHT Health Trust a “hold”, but has lowered its target price on the group to 81 cents following its weak FY18 results, which was attributed to weakness of the INR to SGD.

SINGAPORE (May 25): The trustee-manager of RHT Health Trust has declared a 4Q18 distribution per unit (DPU) of 1.06 cents, down 5.4% from its quarterly DPU of 1.12 cents a year ago due to higher borrowings and expenses.

SINGAPORE (Apr 17): CIMB is not revising IHH Healthcare's FY18-20 earnings estimates pending further developments on its bid for Fortis.

SINGAPORE (Mar 20): The Economic Times reported that IHH Healthcare is set to launch a voluntary open offer for Fortis Healthcare. This comes nine months after walking out of bilateral talks with promoters Malvinder and Shivinder Singh who were then in co

SINGAPORE (Feb 14): CIMB is leaving its DPU estimates of RHT Health Trust unchanged and maintaining its "hold" call with 92 cents target price pending further details on the transaction in the upcoming circular.

SINGAPORE (Feb 13): RHT Health Trust's trustee-manager and related parties have provided details of the sale of its entire asset portfolio to Fortis Healthcare which was first announced on Nov 15.

SINGAPORE (Nov 16): DBS and CIMB are sticking to their “hold” calls on RHT Health Trust after receiving a proposed offer from Fortis Healthcare to buy out all of RHT’s assets.

SINGAPORE (Nov 15): The trustee-manager of RHT Health Trust has declared a 2Q18 DPU of 1.14 cents, down 6.5% from the DPU of 1.22 cents declared in 2Q17, on the back of higher costs from refinancing-related activities and higher interest costs.