SINGAPORE (July 19): Rowsley shares this morning rose 57.5% or 4.2 cents to 11.5 cents with 159 million shares traded after announcing it has entered into an agreement to buy healthcare assets from its controlling shareholder in an all-share deal valued at $1.9 billion.

In a stock exchange filing on Tuesday night, the real estate company said the proposed acquisition involves buying a 100% stake in Thomson Medical and a 70.36% stake of TMC Life Sciences Bhd from controlling shareholder and Singapore billionaire Peter Lim Eng Hock.

See: Rowsley to acquire $1.9 bil in healthcare assets from controlling shareholder Peter Lim

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