TMC Life Sciences Berhad

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 financed through the issuance of new shares to Lim at 7.5 cents each, 0.2 cent higher than its last traded price of 7.3 cents before the trading halt for the announcement.

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