The subject is a modern multi-specialty private tertiary care hospital. It operates a range of healthcare facilities, including a multidisciplinary hospital and a chain of clinics. Based on FY2023 Results Briefing on 07 Sep 2023, FV Hospital acquisition is pending completion (see detail in news section below). The total consideration for the proposed acquisition shall be wholly satisfied by cash, funded from the Group's internal resources and external borrowings from financial institutions and debt capital markets. The interest rate for the Thomas group's latest Series 003 Notes issued in 2023 pursuant to the Thomas group's S$1,000,000,000 Multicurrency Debt Issuance Programme is fixed at 5.50% while debt from financial institution will be on floating rates based on compounded Singapore Overnight Rate Average (“SORA”) plus the bank's interest margin.TMG – ultimate parent company's shares are listed on SGX under stock code “A50” whose substantial shareholder is Lim Eng Hock (direct interest - 25.84% and deemed interest – 63.96%). TMG group's vision is to be the provider of choice for integrated healthcare solutions across Asia. TMG group's vision matches with its vision which is to be a Leading Medical Provider in Asia. The TNG group's revenue diversification was Singapore – 56%, Malaysia – 20% and Vietnam – 24% in June 2023.
Headquarters
No. 6, Nguyen Luong Bang Street, (Lot Md5-1, Area A, Phu My Hung Urban Area), Southern City Urban Area, Tan Phu Ward
Ho Chi Minh municipality; South Eastern Vietnam;
Postal Code: 70000-74000
Contact Details: Purchase the Far East Medical Vietnam Limited report to view the information.
Website: http://www.fvhospital.com
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