Thomson Medical Group

SGX-ST has granted Thomson Medical until April 10 to explore options to restore its public float.

The company announced that it had received a letter of rejection from SGX-ST on Jan 10 after its application on Jan 2.

The company has both organic growth and inorganic growth plans

As part of the agreement, RMG will also enter into a management service agreement to manage the AIH operations.

The company intends to apply to SGX-ST for a period of three months for it to restore the public float to 10%.

Thomson Medical Group beat out the other interested candidates to remain in the bidding, people with knowledge of the matter said.

Thomson Medical reverses out of the red in FY2021 with earnings of $16.9 million.

Private outpatient medical service provider Healthway Medical Corporation led the way on Tuesday, surging 42.9% to a new 52-week-high of 4 cents as at 12pm. But other SGX-listed healthcare stocks are also on the rise.

SINGAPORE (Nov 12): Thomson Medical Group intends to spin off its real estate business to its existing shareholders via a distribution in specie by way of capital reduction of $155.97 million at between 35 cents and 60 cents per share.

SINGAPORE (Nov 10): Healthcare services provider Thomson Medical Group (TMG), formerly known as property group Rowsley, saw its earnings fall 48% to $1.1 million for the 3Q18 ended September, from $2.2 million a year ago.