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361-380 of 8718
See later BB come in cook up this stock?
finjungle ( Date: 13-Jul-2023 12:36) Posted:
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Where is the funding? From PL? No no no.
Should be a rights issue - all existing shareholders carry the new borne Viet BABY
Should be a rights issue - all existing shareholders carry the new borne Viet BABY
piscesmonkey ( Date: 13-Jul-2023 11:55) Posted:
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63 consolidate? And push up 66 later?
PL rich has nothing to do with ability of TM to pay for the expensive acquisition of the Vietnam Hospital. Unless he launches a lowball offer to take it private???? Then he can afford to pay in cash.
honesty ( Date: 13-Jul-2023 10:19) Posted:
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cannot comprehend why this counter could not go above 0.10 when contributions should be awesome with several profitable medical entities regionally. worth waiting a little more time to see it shoot thru the roof
piscesmonkey ( Date: 13-Jul-2023 10:32) Posted:
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Look like BB havent come in yet. Let see after lunch.👍
PL should still hv the whole 11th flr residential condo in draycott/ orchard, easily worth 400 million, $$ should hv no issues
joe1991 ( Date: 12-Jul-2023 18:29) Posted:
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Thomson Medical announces US$381.4 million acquisition of FV Hospital&rsquo s owner
THOMSON Medical Group is proposing to fully acquire Far East Medical Vietnam (FEMV), the owner and operator of a range of healthcare facilities in Vietnam, including FV Hospital.
The Singapore-based healthcare company, which owns and operates Thomson Medical Centre and is backed by tycoon Peter Lim, on Wednesday (Jul 12) said it planned to acquire 100 per cent of FEMV at a consideration of up to US$381.4 million.
The amount comprises an initial consideration of US$359.6 million in cash, together with an additional earn-out consideration of US$21.8 million, should the target company achieve a FY2023 adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of over US$24.5 million.
Based on FEMV&rsquo s audited financial statements for the financial year ended December 2022, the target&rsquo s net revenue stands at 1.9 trillion dong (S$110.1 million), while its Ebitda amounts to 463.7 billion dong.
Assuming that the total consideration including the maximum earn-out consideration is paid, this is estimated to translate to an enterprise value-to-Ebitda multiple of 13.5 times.
Thomson Medical said its proposed acquisition &ndash which is subject to shareholder approval as well as clearance from Vietnam&rsquo s regulatory authorities &ndash is in line with the group&rsquo s objective to grow its pan-Asian footprint.
Acquiring FEMV would allow the group to enter Vietnam&rsquo s growing private healthcare market and diversify its presence across markets.
The transaction is estimated to increase the group&rsquo s FY2022 pro-forma revenue by 33 per cent and Ebitda by 24 per cent.
The total consideration represents about 32 per cent of Thomson Medical&rsquo s S$1.6 billion market capitalisation as at end-Jun 11.
Aside from FV Hospital, FEMV owns the facilities of FV Saigon Clinic in addition to a chain of clinics under its subsidiary American Chiropractic Clinic, along with a planned pharmacy facility at FV Hospital.
News of Thomson Medical&rsquo s proposed acquisition comes after various media outlets reported that it was looking to acquire a controlling stake in FV Hospital.
Responding to these reports, the company on Jun 8 said that it was in preliminary confidential discussions to &ldquo explore a potential transaction&rdquo , although no definitive terms had been agreed upon as at the time of its Jun 8 filing.
Already 26 billion shares in issue? Will they fund through placements and rights issues. Sianz. What to do.
Break 66 will go up 70 liao
I just read abt this purchase..i wonder where the money will come from, so i google TMH debts and found below...just wonder isit safe to buy into TMG ??? SIFU ??
Thomson Medical Group had S$626.0m in debt in December 2022 about the same as the year before. However, because it has a cash reserve of S$143.4m, its net debt is less, at about S$482.7m.
MambaFinancial89 ( Date: 12-Jul-2023 13:52) Posted:
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The press release headline reads, " Thomson Medical Groups Kiat Lim leads acquisition..."
Giving lots of face to PL' s son for some reason...
Giving lots of face to PL' s son for some reason...
with 100 milion population, 1% to use the hospital services, already good profit. stay positive for this counter to rise above 0.10 when results are announced
Just came back from Thaibev AIM investor day. Tiagong the Vietnam deposit interest rate is near 10%. Seller can earn US$ 38.14mil per year just putting the sales proceeds inside their bank in VND?
cmi sluggish counter for donkey years
ysh2006 ( Date: 12-Jul-2023 11:48) Posted:
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Thomson Medical Group&rsquo s Kiat Lim Leads Acquision of Vietnam&rsquo s FV Hospital in Largest Healthcare Deal in SEA since 2020
The acquisition is the largest-ever transaction in Vietnam&rsquo s healthcare sector .This investment paves way for the Group&rsquo s expansion across SEA
Singapore, 12th July 2023 &ndash SGX Mainboard-listed healthcare group Thomson Medical Group Limited (&ldquo TMG&rdquo or the &ldquo Group&rdquo ), announced today that it has agreed to acquire Vietnam&rsquo s FV Hospital for up to US$381.4 million (or approximately S$517.1 million), marking the country&rsquo s biggest healthcare transac� on to-date and Southeast Asia&rsquo s largest healthcare acquisi� on since 2020. The deal highlights the growing significance of Vietnam&rsquo s burgeoning healthcare market and TMG&rsquo s con� nued commitment to expand its footprint in the region.
https://links.sgx.com/1.0.0/corporate-announcements/WWEAMS33TUUYRLEA/7c8d5e074515119987b02121f98dd91b85347b2cc5b095844caf0ed0bd056ddb
The acquisition is the largest-ever transaction in Vietnam&rsquo s healthcare sector .This investment paves way for the Group&rsquo s expansion across SEA
Singapore, 12th July 2023 &ndash SGX Mainboard-listed healthcare group Thomson Medical Group Limited (&ldquo TMG&rdquo or the &ldquo Group&rdquo ), announced today that it has agreed to acquire Vietnam&rsquo s FV Hospital for up to US$381.4 million (or approximately S$517.1 million), marking the country&rsquo s biggest healthcare transac� on to-date and Southeast Asia&rsquo s largest healthcare acquisi� on since 2020. The deal highlights the growing significance of Vietnam&rsquo s burgeoning healthcare market and TMG&rsquo s con� nued commitment to expand its footprint in the region.
https://links.sgx.com/1.0.0/corporate-announcements/WWEAMS33TUUYRLEA/7c8d5e074515119987b02121f98dd91b85347b2cc5b095844caf0ed0bd056ddb
Want to buy Vietnam hospital only...
Let see how the market reacts to the news later
Request for tading halt. Pending announcement today.
FishermanSG ( Date: 11-Jul-2023 17:09) Posted:
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Got volume today but not much impact. See M & A deal settled ot not in next few weeks
honesty ( Date: 11-Jul-2023 09:25) Posted:
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