Thomson Medical

Winners and losers from Singapore's budget as election looms
SINGAPORE (Feb 19): Singapore Finance Minister Heng Swee Keat boosted health-care and military spending, gave tax rebates to citizens and tightened rules on foreign workers ahead of an election that could come as early as this year. Heng announced a new $8 billion support package for seniors in his budget speech on Monday, as well as measures to help local businesses adopt new technologies. ...
Rowsley reports smaller net loss of $58 mil on cusp of transformation into healthcare player
SINGAPORE (Mar 1): Rowsley reported a smaller net loss of $58.0 million in FY17 versus a net loss of $69.8 million in FY16. The real estate company reported a 9% decrease in group revenue of $93.9 million for FY17 compared to $103.1 million in FY16. The decrease in revenue was mainly due to the impact of a significant slowdown in Singapore’s private sector building development on the ...
Rowsley signs binding agreement to acquire $1.6 bil worth of healthcare assets from Peter Lim; to be renamed Thomson Medical Group
SINGAPORE (Dec 18): Rowsley today signed a binding agreement to acquire a 100% of Sasteria from controlling shareholder Lim Eng Hock, better known as Peter Lim, for $1.6 billion. Sasteria is the owner of Thomson Medical and the controlling shareholder of Malaysia-based TMC Life Sciences (TMCLS) with a 70.36% stake. Following the acquisition, Rowsley will be changing its name to Thomson ...
How much will investors pay for Rowsley?
SINGAPORE (July 31): Billionaire former stockbroker Peter Lim is on his way to transforming Rowsley into a healthcare company — by injecting into the public-listed company assets that are already familiar to the market. Before investors jump on the stock, however, they should look closely at the market value it has already garnered. See: Rowsley shares up some 58% on deal to buy ...
Rowsley shares up some 58% on deal to buy healthcare assets for $1.9 bil
SINGAPORE (July 19): Rowsley shares this morning rose 57.5% or 4.2 cents to 11.5 cents with 159 million shares traded after announcing it has entered into an agreement to buy healthcare assets from its controlling shareholder in an all-share deal valued at $1.9 billion. In a stock exchange filing on Tuesday night, the real estate company said the proposed acquisition involves buying a 100% ...
Rowsley to acquire $1.9 bil in healthcare assets from controlling shareholder Peter Lim
SINGAPORE (July 18): Rowsley, the real estate and investment firm, is expanding into the healthcare sector in an acquisition of healthcare assets worth $1.9 billion from its controlling shareholder. Singapore billionaire Peter Lim will inject 100% of Thomson Medical and 70.36% of TMC Life Sciences Berhad, a Bursa Malaysia listed company, into Rowsley. The proposed acquisition will be ...