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Thomson Medical Group proposes to spin off property businesses

Real estate stakes to be restructured under current subsidiary RSP Holdings

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Main-board listed Thomson Medical Group unveiled a proposal before trading opened on Monday, to spin off its real estate business to existing shareholders via a distribution in specie by way of capital reduction.

Singapore

MAIN-BOARD listed Thomson Medical Group unveiled a proposal before trading opened on Monday, to spin off its real estate business to existing shareholders via a distribution in specie by way of capital reduction.

It added that its real estate business - comprising both...

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