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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.
यह कहानी The Straits Times के August 27, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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