Rowsley shares jump 23% on announcement of healthcare assets acquisition

SINGAPORE (Dec 18): Shares of Rowsley jumped 22.5%, or 2.5 cents, to close at 13.6 cents on Monday after the real estate and investment firm announced it is acquiring $1.6 billion worth of healthcare assets from controlling shareholder Peter Lim Eng Hock.

Rowsley on Monday entered into a sale and purchase agreement to acquire 100% of Sasteria from billionaire former stockbroker Lim.

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

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