Vantage Bay Healthcare City

Rowsley unveils plan to more than treble number of hospital beds by 2021

SINGAPORE (Mar 14): Real estate company Rowsley has unveiled plans to capitalise on the increasing demand for healthcare services in the region, ahead of an extraordinary general meeting (EGM) scheduled for Mar 23.

The EGM next Friday is to seek shareholders’ approval for, among other things, the proposed $1.6 billion acquisition of Sasteria from controlling shareholder Lim Eng Hock, better known as former remisier king Peter Lim.

Sasteria is the owner of Thomson Medical and the controlling shareholder of Malaysia-based TMC Life Sciences (TMCLS) with a 70.36% stake.

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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