HEALTHCARE | Staff Reporter, Singapore

Real estate firm Rowsley plans buying healthcare assets worth $1.4b

Its shares soared 64% upon announcement of the plan.

Shares of Rowsley Ltd soared 64 percent on Wednesday, after the Singaporean real estate firm said it planned to buy healthcare assets from its controlling shareholder, billionaire Peter Lim, in a deal worth up to S$1.9 billion ($1.4 billion).

Rowsley, whose businesses are mainly in design and engineering, real estate development and hospitality, will diversify into healthcare through the proposed all-stock deal.

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