PRG takeover of Roopi Medical may not happen


The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

PETALING JAYA: It looks like PRG Holdings Bhd’s proposed acquisition of Roopi Medical Centre Sdn Bhd may not take off, as the conditions precedent for the acquisition have not been fulfilled within the stipulated period.

In a filing to Bursa yesterday, PRG said the conditions precedent as stipulated in the share sale agreement and properties sale and purchase agreements have not been fulfilled by June 19, being the last date by which the conditions precedent must be fulfilled.

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