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Growing Thomson Medical’s potential

Khairani Afifi Noordin
Khairani Afifi Noordin • 13 min read
Growing Thomson Medical’s potential
“Honestly speaking, a billion is not enough. I think this stems from a point where there’s really so much more we can do,” says Kiat Lim. Photo: Albert Chua/The Edge Singapore
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Kiat Lim, son of ‘Remisier King’ Peter Lim, has been tasked with running Thomson Medical Group (SGX:A50) . He has identified Vietnam as the place to be after the acquisition of a hospital for US$353 million. What plans does he have to ride Asia’s growing healthcare needs?

At the tender age of 28, Kiat Lim was appointed executive vice-chairman of mainboard-listed Thomson Medical Group (TMG), which is controlled by his father, Peter Lim, lauded within the financial community as the “Remisier King”. The younger Lim does not shy away from the fact that it is a position of privilege but embraces the role, fully conscious of the weight of expectations on his shoulders.

In an interview with The Edge Singapore at the Lim family office at CapitaSky, the younger Lim — now in his early 30s — stresses that TMG, with a market value of around $1.3 billion, has immense potential that has yet to be fully recognised. “Honestly speaking, a billion is not enough. I think this stems from a point where there’s really so much more we can do,” he adds.

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