The prospect of a commanding war to get control of Mainboard-listed healthcare services supplier, Parkway Holdings drives its stock higher on Friday.

Only a day after India's Fortis Healthcare association launched its voluntary general tender, Parkway shares saw profit of 7.28% to close at $3.83 with some 6.3 million shares changing hands yesterday.

Traders said that the optimistic showing in the counter, mirrored shareholder expectations, of a probable bidding war between Fortis and Malaysia's state investment arm, Khazanah for taking a control of stakes in Parkway.

Fortis on Thursday offered to purchase the shares of the corporation that it does not already possess for $3.2 billion at $3.80 for each share, topping a competitor proposal by Malaysia's Khazanah Nasional by merely 2 cents.

Fortis made the common tender with the help of RHC Healthcare, which is 51% possessed by the Singh family and 49% possessed by Fortis.

On Friday, Parkway shares hit an intra-day best at $3.87, which is higher than Fortis' offer of $3.80 per share for the 75% stake it did not have possession of.

Khazanah came with an offer of $3.78 a share in the month of May to double its stake in Parkway to 51.5%.