SINGAPORE (Dec 18): Rowsley today announced that it is acquiring 100% of Sasteria from Lim Eng Hock, better known as Peter Lim, for S$1.6 billion.
Sasteria is the owner of Thomson Medical and the controlling shareholder of Malaysia-based TMC Life Sciences (TMCLS) with a 70.36% stake.
Following the acquisition, Rowsley will be changing its name to Thomson Medical Group, pending approval from shareholders... (Click here to read the full story.)