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Thomson Medical now closer to spinning off real-estate business

RSP Holdings, wholly owned by Thomson Medical, has recommended that shareholders accept the offer made by RSP TopCo for RSP Holdings shares

Michelle Quah

Published Tue, Jan 29, 2019 · 09:50 PM

thomson medical group

Singapore

MAINBOARD-listed Thomson Medical Group has moved a step closer to hiving off its real-estate business in order to focus on developing and growing its healthcare business.

The independent directors of RSP Holdings - a wholly owned subsidiary of Thomson Medical - recommended on Tuesday that shareholders accept the pre-conditional voluntary general offer made by RSP TopCo Pte Ltd for all of the shares of RSP Holdings.

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