SINGAPORE (Dow Jones)--Integrated Healthcare (IHCH), a wholly owned unit of Malaysian sovereign wealth fund Khazanah Holdings, has revised its partial takeover offer for Parkway Holdings Ltd. (P27.SG) to a full offer, valuing the Singaporean healthcare company around S$4.5 billion, people familiar with the situation said Monday.
Integrated Healthcare will offer S$3.95 a share for the rest of Parkway shares it doesn''t already own, one person said. Integrated Healthcare curently owns 24.1% of Parkway Holdings.
The existing partial offer of S$3.78 per share ends Monday.
Khazanah is presently in a bidding war with India''s Fortis Healthcare Ltd. (532843.BY) for control of Parkway.
Last month, Fortis which owns a 25.3% stake in Parkway, launched a S$3.2 billion general offer for all of the Singapore company''s shares, offering S$3.80 per share.
Trade in shares of Parkway Holdings was halted ahead of an announcement by Integrated Healthcare.