Thomson Medical Group Ltd. experienced a significant rise in its share price following the announcement of a major integrated development project within the Johor-Singapore Special Economic Zone, projected to have a gross development value of 18 billion ringgit ($4.3 billion). n nThe Singapore-based healthcare provider, supported by prominent investor Peter Lim, disclosed in a filing to the stock exchange on Monday its plans to launch a combined private healthcare and real estate initiative. During Tuesday’s intraday trading, the company’s stock climbed as much as 39%, reaching its highest level since April 2023. n
— news from Bloomberg.com
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Thomson Medical Jumps 39% on New Project in Johor Special Zone
Thomson Medical Group Ltd. surged after announcing an integrated project in the Johor-Singapore Special Economic Zone with an estimated gross development value of 18 billion ringgit ($4.3 billion). n nThe Singapore-based health-care company, backed by tycoon Peter Lim, announced in a stock exchange filingBloomberg Terminal on Monday that it will develop an integrated private healthcare and real estate project. The shares jumped as much as 39% to the highest since April 2023 during intraday trading on Tuesday.