M'sian billionaire Vincent Tan sells TMC shares to S'pore tycoon Peter Lim

Post-transaction, Tan will still have a residual direct interest of 0.40% and a deemed interest of 1.37% in TMC other than through the BCorp Group. (Inset: Peter Lim Eng Hock: Crosses mandatory takeover threshold. - AFPpic)

PETALING JAYA: Singapore billionaire Peter Lim Eng Hock has acquired an additional 26.6% in TMC Life Sciences Bhd from Tan Sri Vincent Tan Chee Yioun for 48 sen per share, raising his stake in the company to 59.2% and triggering a general offer for the rest of the shares he does not already own in the process.

Lim, however, intends to maintain the healthcare provider’s listing status on Bursa Malaysia.