IN 1991, Peter Lim invested S$10 million (RM23.2 million) in Wilmar Group. Today, his 5 per cent stake is valued at more than S$1.5 billion (RM3.48 billion).
The man is virtually unheard of in Malaysia, even though he is only one of the nine billionaires in the city state.
Peter Lim is Singapore's eighth richest man. His investment in TMC Life Sciences Bhd is belived to be his first sizeable Malaysian investment.
In Singapore, he has various investments, including a 7 per cent stake in Healthway Medical Corp, which has a chain of clinics. He also has stakes in education group Informatics Education Ltd, FJ Benjamin, a fashion purveyor, as well as Brewerkz, a brewery and restaurant operator.
Analysts basically don't know what the billionaire, who rarely appears in public, is going to do. But what they can say is, when he puts his money, his long-term goal is to make more money.
For example, in August, he boosted his stake in Informatics to 19.05 per cent from 4.4 per cent. In August alone, the firm's share price has risen 30 per cent to 17.5 cent. In June, he expanded his stake in Healthway to 7.2 per cent. Since June, Healthway's share price has gained 20 per cent to 18 cent.
So far this year, Informatics' share price has more than doubled while Health-way shares have gone up by more than 47 per cent.
Currently, there are all sorts of speculations surrounding TMC and Lim. Some believe that Lim may want to merge TMC with Healthway. Some even say that other corporate exercises are on the cards.
Last month, Fortis Healthcare was reported to make S$116.7 million (RM270.74 million) for selling its 24.9 per cent stake in Parkway Holdings Ltd, just four months after it bought in. Will Lim do the same or will he buy more shares?
Lim's entry into TMC proves one thing: there is value in the company. His investments in Wilmar have shown that he is also the type of investor who stays for the long-term.
He bought the shares at 52 sen each, a price that is not cheap. A week before that, TMC's shares were trading at around 40 sen. For most part of this year, its share prices were traded at around 36 sen.
Having Lim as one of the main shareholders does have some benefits for the company. For example, if in future TMC decides to expand, Lim and Tan Sri Vincent Tan Chee Yioun, TMC's single-largest shareholder, probably can be counted on to provide more funds.
Of course, in order to do that, both big shareholders must first see eye to eye on the company's future.
Just like the man himself, right now, analysts, dealers and market punters just can't quite figure out what Peter Lim is cooking for TMC?
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Peter Lim is Singapore's eighth richest man. His investment in TMC Life Sciences Bhd is belived to be his first sizeable Malaysian investment.
In Singapore, he has various investments, including a 7 per cent stake in Healthway Medical Corp, which has a chain of clinics. He also has stakes in education group Informatics Education Ltd, FJ Benjamin, a fashion purveyor, as well as Brewerkz, a brewery and restaurant operator.
Analysts basically don't know what the billionaire, who rarely appears in public, is going to do. But what they can say is, when he puts his money, his long-term goal is to make more money.
| |
So far this year, Informatics' share price has more than doubled while Health-way shares have gone up by more than 47 per cent.
Currently, there are all sorts of speculations surrounding TMC and Lim. Some believe that Lim may want to merge TMC with Healthway. Some even say that other corporate exercises are on the cards.
Last month, Fortis Healthcare was reported to make S$116.7 million (RM270.74 million) for selling its 24.9 per cent stake in Parkway Holdings Ltd, just four months after it bought in. Will Lim do the same or will he buy more shares?
Lim's entry into TMC proves one thing: there is value in the company. His investments in Wilmar have shown that he is also the type of investor who stays for the long-term.
He bought the shares at 52 sen each, a price that is not cheap. A week before that, TMC's shares were trading at around 40 sen. For most part of this year, its share prices were traded at around 36 sen.
Having Lim as one of the main shareholders does have some benefits for the company. For example, if in future TMC decides to expand, Lim and Tan Sri Vincent Tan Chee Yioun, TMC's single-largest shareholder, probably can be counted on to provide more funds.
Of course, in order to do that, both big shareholders must first see eye to eye on the company's future.
Just like the man himself, right now, analysts, dealers and market punters just can't quite figure out what Peter Lim is cooking for TMC?
Read more: What is Peter Lim cooking for TMC Life? http://www.btimes.com.my/Current_News/BTIMES/articles/lim20/Article/index_html#ixzz0xHY1aCCT
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