KUALA LUMPUR (Sept 19): IHH Healthcare Bhd said today its indirect wholly-owned subsidiary, Parkway Pantai Ltd, has accepted a multi-currency banking facility that amounted to RM5.44 billion. In a bourse filing, IHH Healthcare said the facility is a multi-currency facility involving Singapore dollars, Hong Kong dollars and US dollars, for a total amount equivalent of S$1.8 billion. It said Parkway Pantai inked the agreement to accept the facility on Sept 15. It said the unsecured multi-currency five-year revolving credit facility would be used for refinancing an existing RM1.87 billion facility, corporate funding, working capital, and for investments and project financing. IHH Healthcare shares closed 2 sen or 0.3% lower at RM6.58 for a market capitalisation of RM54.46 billion.

Source: The Edge Markets September 19, 2016 13:30 UTC