Vincent Tan increases shares in TMC Life

http://biz.thestar.com.my/news/story.as ... c=business

Very interesting.

This could be the reason he is yet to resolve the Sam situation because he is negotiations over that offer.

Peter Lim is also the guy that wanted to invest in Liverpool. Maybe Tan wants to get Lim involved here and use us as a sweetener to gain more of a share in TMC Life. Funny how we now play in red, like Liverpool, could be in the Prem soon, and Lim wanted to invest in them, and could actually be in negotiations with Tan.

They are also both involved with another company (Informatics Education) so maybe Lim is getting involved if we get to the Premiership.

Everything is not exactly what it seems and our chairman could have an ace up his sleeve. Very interesting how these two invest in the same companies so maybe their business relationship is stronger than what most people initially thought.

Peter Lim also has Man Utd related bars in Asia. United play in red and black in the Champions League so he would have seen them conquer Europe in that strip which funnily enough is our home strip now.

Maybe the reason Tan hasn't bothered with Sam is because he knows if he gets this deal done and we get to the Prem then Sam is small fry and he will be paid off and told to do one. The main objective is getting another wealthy Asian investor on board. Who better than someone you've done business with before, someone who wanted to invest in a club who wore red, someone who is clearly interested in acquiring a football team and someone who is a friend? We are a capital city that also helps in terms of business because it puts us on the map.

I know all this is hypothetical but.....

Just found this also.

http://sg.finance.yahoo.com/news/vincen ... 05129.html



Vincent Tan continues adding TMC Life shares

By Lee Wen Ai of theedgemalaysia.com | The Edge Malaysia – Fri, Dec 28, 2012 9:15 AM SGT
Email
RecommendTweet
Print
KUALA LUMPUR: Tan Sri Vincent Tan Chee Yioun has continued to accumulate shares this month in TMC Life Sciences Bhd, in which he is a substantial shareholder, via Berjaya Corp Bhd (BCorp), raising his indirect interest in the medical group to 31.83% as at Dec 24.
Tan added some 6.6 million shares via purchases on the open market in December, increasing his stake to 255.4 million shares or 31.83% from 31.01% as at end-November. As at end-October, Tan had an indirect 30.9% interest in TMC Life.
The current single largest shareholder in the company is Hong Kong-based Gilberta Investments Ltd, controlled by Singapore billionaire Peter Lim Eng Hock, with a 32.59% stake. This is followed by a 31.83% stake held by BCorp which is controlled by Tan.
In 2010, Lim snapped up a 29.6% stake in the medical group specialising in fertility treatment when Tan had a 31.7% indirect stake.
TMC Life announced recently its improved financials with its revenue rising 31% to RM16.4 million in the first quarter ended Aug 31 from RM12.4 million in the previous corresponding quarter. The jump in revenue was driven mainly by high patient load, both local and foreign, with increased bed capacity and more disciplines offered.
It posted a net profit of RM2.78 million for the quarter compared with a net loss of RM2.33 million a year ago. Earnings per share stood at 0.38 sen compared to a loss per share of 0.39 sen a year ago.
The improvement was mainly attributed to higher revenue coupled with a reduction in interest expenses from its repayment of RM39 million in bank borrowings at end-December 2011.
The company has been loss-making in the last three financial years.
TMC’s share price has been on a uptrend since mid-September, rising 29.3% from 29 sen to 37.5 sen yesterday.
In August, the company divested its entire investment in Tropicana Medical Centre in Penang for RM2.6 million, the properties it occupied to run the hospital operations for RM11 million and its entire investment in Stemtech International Sdn Bhd for RM800,000.
Chairman Datuk Dr Khalid Abdul Kadir had earlier said the company is expected to see improved earnings as its strategy to halve its non-performing assets to pare down debt is paying off.

This article first appeared in The Edge Financial Daily, on Dec 28, 2012.

For those that hate clinking on links away from the page this is the story:

You do not have the required permissions to view the files attached to this post.

Another interesting article regarding a business venture involving Tan and Lim and also the Crown Prince of Johor who has been a guest of Tan's at a couple of Cardiff City matches

http://mylagunajb.wordpress.com/tag/isk ... ia-zone-a/

Hasn't he been saying from the start he was looking for 'partners'
.

I wouln't be surprised to see 1 or 2 of these guys involved, if they aren't already

If Lim takes over or buys in will we be in Hock !!!!!