Thomson Medical Jumps 39% on New Project in Johor Special Zone

Thomson Medical Group Ltd. surged after announcing an integrated project in the Johor-Singapore Special Economic Zone with an estimated gross development value of 18 billion ringgit ($4.3 billion).

The Singapore-based health-care company, backed by tycoon Peter Lim, announced in a stock exchange filing on Monday that it will develop an integrated private healthcare and real estate project. The shares jumped as much as 39% to the highest since April 2023 during intraday trading on Tuesday.