Thomson Medical restores public float to 10.15%

It sold 50 million shares to meet the minimum public float requirement.

Thomson Medical Group has restored its public float to 10.15% following the sale of 50,000,000 shares or 0.19% of its share capital.

In a bourse filing, the company said its public float represents 2,685,007,380 shares held by more than 8,000 public shareholders.

SGX had given the healthcare provider until 10 April to restore its public float after it fell to 9.98% in September 2023.

Having a public float of 10% is a requisite under SGX-ST rules.

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