SINGAPORE : Healthcare provider Parkway Holdings has sold a 26 per cent stake in IAG Healthsciences Group for nearly S$25,000.

When the deal is done, IAG will no longer be an associate company of Parkway.

IAG distributes health supplements and Chinese proprietary medicine.

As at September 30, IAG had a negative net tangible asset value of some S$88,000.

In a stock exchange filing, Parkway said the divestment is not expected to have any material impact on its earnings for the current financial year to December. - CNA/ms