Thomson Medical Centre

[desmondxyz]

Can Peter Lim grow the previous Thomson Medical's business properly like its original founder Dr Cheng? Unlikely!

It looks like Peter Lim needs to cash out a bit from Thomson Medical or from Rowsley. It looks like Peter Lim doesn't wish to fund Thomson's expansion plans from his own pocket. Changing Rowsley's name to Thomson Medical doesn't make its existing lousy businesses or Thomson Medical business better..

If Peter Lim wants to cash out Thomson, then he should do IPO instead of RTO. Rowsley didn't pay anything for Thomson, only issue new shares....

[opmi]

Can Peter Lim grow the previous Thomson Medical's business properly like its original founder Dr Cheng? Unlikely!

It looks like Peter Lim needs to cash out a bit from Thomson Medical or from Rowsley. It looks like Peter Lim doesn't wish to fund Thomson's expansion plans from his own pocket. Changing Rowsley's name to Thomson Medical doesn't make its existing lousy businesses or Thomson Medical business better..

If Peter Lim wants to cash out Thomson, then he should do IPO instead of RTO. Rowsley didn't pay anything for Thomson, only issue new shares....

Rowsley shareholders paid for TM with the dilution of their shareholding.

Peter Lim can do placement later post IPO. Usually Vendors shares at IPO not very good signal.

In general, many ways to take out cash from listed co. negative example: Wayco.

[dreamybear]

Based on the 2nd article below, the difference is 0.02% to restore the required free float but it seems to be taking up quite a fair bit of time. There are also plans to go on roadshows. I wonder what is the actual process of an exercise to restore free float, e.g. can the company just find a private investor and issue the difference, in this case 0.02% ?

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https://www.businesstimes.com.sg/compani...blic-float
".... Last September, the company’s public float dipped under 10 per cent .... This is the third time Thomson Medical has submitted an application to SGX seeking a grace period to restore its public float. ....Thomson Medical said that it will undertake roadshows after the festive period in February...."

https://www.businesstimes.com.sg/compani...s-under-10
"THOMSON Medical Group : A50 -1.85%’s public float has dipped to 9.98 per cent, and the company intends to apply to the Singapore Exchange (SGX) for a period of three months for it to restore the public float to 10 per cent."