<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 1): TMC Life Sciences Bhd has secured a RM300 million loan to part finance the construction of hospital-related expansions undertaken by its wholly-owned subsidiary Thomson Hospitals Sdn Bhd at Thomson Hospital, Kota Damansara, Petaling Jaya.</p></div>

<div class=newsTextDataWrapInner><p>The development cost of the project totals RM450 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, TMC Life said the financing facility was secured from Malayan Banking Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Based on the audited consolidated financial statements of the group for the financial year ended Aug 31, 2018, the facility, when fully drawn, is expected to increase the group's gearing to 0.408 times from 0.002 times.</p></div>

<div class=newsTextDataWrapInner><p>"However, the (hospital expansion) project is expected to have a positive effect on the future earnings of TMC Life Group," said TMC Life.</p></div>

<div class=newsTextDataWrapInner><p>TMC Life shares closed unchanged at 72.5 sen today, with 329,900 shares done, bringing a market capitalisation of RM1.26 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;&nbsp; &nbsp;</p></div>


KUALA LUMPUR (March 1): TMC Life Sciences Bhd has secured a RM300 million loan to part finance the construction of hospital-related expansions undertaken by its wholly-owned subsidiary Thomson Hospitals Sdn Bhd at Thomson Hospital, Kota Damansara, Petaling Jaya.

The development cost of ...

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