S'pore billionaire's company stock up 15% on possible corporate plan


The corporate exercise, sources said, would see two hospital assets

PETALING JAYA: Market speculation that TMC Life Sciences Bhd may be involved in a corporate exercise has led to punters chasing up the share price by 15.63% over the past two trading days.

Singapore billionaire Peter Lim Eng Hock is rumoured to be thinking of parking all his healthcare services assets in Malaysia and Singapore under TMC Life, according to sources. Lim is a major shareholder of the company with a 76.57% stake.

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