SINGAPORE (Dec 8): Rowsley is up 1.7% at $0.182 after the real estate developer says it has signed an agreement with Thomson Medical to become a strategic partner in the 5 billion ringgit healthcare development in southern Malaysia.

Rowsley and Thomson Medical, a Singapore-based healthcare firm, will work together to conceptualise and develop the Vantage Bay Healthcare City project in Iskandar, Malaysia.

The 9.2-hectare site, formerly planned as a residential development, is strategically located a kilometer away from the Johor causeway that connects Singapore with Malaysia.

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