Peter Lim Eng Hock increased his controlling stake in Thomson Medical Group. On Feb 18, he acquired just over 26.1 million shares on the open market for $2.3 million, or an average of just over 8.8 cents per share. He now holds a total of 23.55 billion shares, or 89.08%, up from 88.98% earlier. Out of these, 9.3 billion shares, representing a 35.3% stake, are directly held while the remaining 14.2 billion shares are indirectly held.

On Feb 8, Thomson Medical reported earnings of $8.1 million for the 1HFY2020 ended Dec 31, 2020, reversing from losses of $1.9 million in 1HFY2019. Revenue came in at $116.6 million, down 1.3% y-o-y.

According to the group, the decrease in revenue was mainly due to the lower overall patient loads in both Singapore and Malaysia owing to the various restrictions imposed by the respective governments to contain the spread of Covid-19.

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