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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
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