, Singapore

Rowsley to acquire healthcare assets for up to $1.9b

It is diversifying its portfolio.

Reuters reported that Rowsley Ltd., a Singaporean real estate firm, said it planned to buy healthcare assets from its controlling shareholder for up to $1.9b (US$1.4b) to help diversify its portfolio.

Rowsley signed a non-binding term sheet to buy 100 percent of Singapore hospital operator Thomson Medical Pte Ltd and a 70.36% stake in Malaysia's TMC Life Sciences Berhad from Lim Eng Hock.

Lim indirectly owns a 45.34% stake in Rowsley. The proposed deal will be financed by issuing new shares of $0.075 apiece, the company said in a statement.

Read the full story here.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!