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Singapore tycoon, Johor royalty in S$2b deal

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Singapore tycoon, Johor royalty in S$2b deal Empty Singapore tycoon, Johor royalty in S$2b deal

Post by hlk Fri 11 Nov 2011, 08:10

SINGAPORE A Singaporean billionaire yesterday signed a deal with a Malaysian royal family to develop prime waterfront property in Johor, Malaysia, a company statement said.

Peter Lim, who made his fortune in stockbroking and commodities, teamed up with the Johor royal family to develop a medical hub and marina city comprising hotels, apartments and entertainment facilities in the state.

The project will be developed on a 10ha site at a cost of S$2 billion (RM4.9 billion) over 10 years, said Koh Kim Huat, director of Best Blend Sdn Bhd, the joint-venture company behind the development. AFP
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Post by Laughing Gor Sat 12 Nov 2011, 02:43

TMC life science loh
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Post by Cals Sat 12 Nov 2011, 15:16

what has this healthcare company got to do with development; care to share?
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Post by Laughing Gor Sat 12 Nov 2011, 15:35

Peter Lim is the largest shareholder of TMC life science. The Company is mainly involved in fertility and stem cell related medical area.

He develop the medical hub in JB so that Singaporean can come into Malaysia to receive quality medical treatment because singapore medical cost will escalate in time to come.

Peter will certainly inject TMC life science services into the new medical hub.
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Post by Cals Sat 12 Nov 2011, 15:41

[You must be registered and logged in to see this image.]

but this company share price rising, profits are still red ...hmmmm
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Post by Laughing Gor Sat 12 Nov 2011, 15:48

Cals wrote:[You must be registered and logged in to see this image.]

but this company share price rising, profits are still red ...hmmmm

Profits red nevermind, PEter lim already expect the new medical hub will turn TMC around. People trust his judgment.

Also dun forget Johor royal family has 30% share in Best Blend Sdn Bhd, the company behind the new medical hub.

TMC is a golden goose in the making, but you must wait 3 - 4 years.
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