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发表于 19-8-2010 01:33 PM
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Singapore's seventh richest man Peter Lim Eng Hock bought a 29.6 per cent stake in TMC Life Sciences on Tuesday for an undisclosed price
The shopping spree of Singapore's seventh richest man, Peter Lim Eng Hock, continues with his emergence as TMC Life Sciences Bhd's (0101) second largest shareholder after buying a 29.6 per cent stake.
Lim, via Gilberta Investments Ltd, bought 178.1 million TMC shares on Tuesday for an undisclosed price. It is believed that a bulk of the shares were sold at 52 sen apiece. Most of the shares purchased initially belonged to founder Datuk Dr Colin Lee and his brother.
"Peter Lim is a shrewd corporate player and savvy investor. He can always smell a good deal," said a source yesterday.
The deal is believed to be Lim's second investment in a healthcare-related business. In June, he emerged as a substantial shareholder in clinic chain operator Healthway Medical Corp with about 7 per cent stake.
TMC's share price declined 1 sen, or 1.78 per cent, to 55 sen yesterday in another heavy trading session. More than 35.69 million shares changed hands.
On Tuesday, Business Times reported that Dr Lee and his brother had sold their entire stakes in TMC. Dr Lee confirmed the sale yesterday via a filing to the stock exchange.
It is believed that Dr Lee's stake sale would not affect the company's day-to-day operations.
"Dr Lee's decision is a decision at shareholder's level. He is still the managing director of the company and it is business as usual," director Amos Siew said when contacted yesterday.
In an official statement, TMC said that Dr Lee will continue to practise fertility treatment and obstetrics and gynaecology (O&G) in Tropicana Medical Centre, the group's flagship hospital.
It is believed that Lim is a friendly party to Tan Sri Vincent Tan, who is also the company's largest shareholder, as sources said that Lim had worked for the Berjaya group 20 years ago. Now, both Tan and Lim own more than 51 per cent of TMC.
Early this month, Lim, named by Forbes Asia as the seventh richest man in Singapore last year with some S$1.5 billion (RM3.5 billion) net worth, raised his stake in Informatics Education Ltd to 19.05 per cent from 4.4 per cent.
The deal made him the second largest shareholder of the education group, behind Tan, who has over 34 per cent stake.
It was reported that he also bought shares this month in Rowsley, which owns 18.87 per cent of UPP Holdings (formerly United Pulp & Paper Co) that he controls.
Lim, a former stockbroker, is a renowned investor in Singapore who was also known as the "Remisier King".
Lim is now a full-time investor.
It is believed that the bulk of Lim's fortune comes from his stake in Wilmar International, the world's largest palm oil firm, which was founded by his former client, Kuok Khoon Hong.
Lim also holds a stake in FJ Benjamin, a fashion purveyor, as well as in brewery and restaurant Brewerkz.
Read more: Singapore tycoon TMC's new key shareholder http://www.btimes.com.my/Current ... _html#ixzz0x1mtwmgc |
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