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Thomson Medical shares soar 39% on mega waterfront project in JB
The Straits Times
|August 27, 2025
Shares of Thomson Medical Group surged nearly 39 per cent on Aug 26, after the healthcare provider announced plans for a massive waterfront development in Johor Bahru.
Its shares hit a 1½-year high of 6.8 cents shortly after the market opened, before closing up 22.5 per cent at six cents.
The stock was the most heavily traded counter by volume, with a whopping 200.6 million shares changing hands.
Thomson Medical is controlled by Singapore billionaire Peter Lim. His son Kiat Lim is its executive vice-chairman.
The RM18 billion (S$5.5 billion) project, to be developed across 10.5ha of land controlled by Thomson Medical in the Johor-Singapore Special Economic Zone (JSSEZ), will include a 500-bed hospital with aged care facilities, a luxury hotel and serviced residences.
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