Peter Lim's Midas Touch To Tmc

[neubie 2]

Shares of TMC today rose as much as 68cents....

Peter Lim offers US$396 mln for Thomson Medical

Singaporean billionaire Peter Lim on Friday offered to buy Thomson Medical Centre for S$513 million (US$396 million), hoping to tap into Asia's growing healthcare demand.

Mr Lim made the offer after his investment firm agreed to buy a 39.34 per cent stake in the company from Thomson's largest shareholder and founder Dr Cheng Wei Chen and his family, a statement said.

Mr Lim's investment firm struck the deal at S$1.75 a share with the healthcare firm's key shareholder, a price that will also be extended to the company's remaining shareholders. The offer represents a 62 per cent premium over Thomson's last traded price.

The offer for Thomson Medical comes three months after Malaysian state investor Khazanah bought Parkway Holdings - Asia's biggest listed hospital operator - in a US$2.6 billion deal.

Thomson Medical is a healthcare service provider in Singapore for obstetrics, gynaecology and paediatric services.

Mr Lim recently gained fame when he made a 320 million pound (US$509.5 million) offer to buy Liverpool Football Club. He later withdrew the offer following a court ruling that gave Liverpool board the right to proceed with a 300-million pound sale of the club to New England Sports Ventures, who also own the Boston Red Sox baseball team.

Mr Lim, ranked by Forbes magazine as Singapore's eighth-richest man, made his fortune as a stock broker and became a private investor in 1996. His key holdings include stakes in Wilmar International, the world's largest palm oil firm, and fashion retailer FJ Benjamin. -- REUTERS

[bepgof 20]

Shares of TMC today rose as much as 68cents....

TMC all this while low vol. Peter Lim buys then wrong sperm case reported.

Heard TMC got parking problem & PL loves cars so much.....

Buy football not sucessful them buy "hospital", then "wrong sperm case" appeared. How much he knows abt health cares?

May be he already got lobang, Brunei lah, Middle East lah, all those "kings" have been very interested in Singapore's health care industry.....so don't be surprised he'll sell away his stake in short time. Believed he was aware the wrong sperm case long before his offer.

Edited November 5, 2010 by bepgof

[neubie 2]

TMC all this while low vol. Peter Lim buys then wrong sperm case reported.

Heard TMC got parking problem & PL loves cars so much.....

Buy football not sucessful them buy "hospital", then "wrong sperm case" appeared. How much he knows abt health cares?

May be he already got lobang, Brunei lah, Middle East lah, all those "kings" have been very interested in Singapore's health care industry.....so don't be surprised he'll sell away his stake in short time. Believed he was aware the wrong sperm case long before his offer.

acherly it's a blessing in disguises PL nv get the FC, as it is saddled with mountain of debts, if he successfully buys over, he will have to make good the debt....

lobang he sure got a lot, if u remember who are his clients during his remisier days.....

[bepgof 20]

acherly it's a blessing in disguises PL nv get the FC, as it is saddled with mountain of debts, if he successfully buys over, he will have to make good the debt....

lobang he sure got a lot, if u remember who are his clients during his remisier days.....

Former RI boy, drove part-time taxi.....very "CAN". "Seow" cars till so seow. Why go into trade unfamilar = digging grave for ownself.

Edited November 5, 2010 by bepgof