On June 2010, Lim Eng Hock,better known as Peter Lim, became a substantial shareholder in Healthway Medical Corp after he bought 14.6 million shares in the company on the open market via Kestrel Capital Partners, raising his deemed stake to 5.75% from 4.96%. A day later, he bought 5.1 million shares in the company, raising his deemed stake to 6.03%.
Healthway Medical is a private provider of primary healthcare, dental and specialist services. Formerly a stockbroker and now a full-time investor, Lim was ranked Singapore’s seventh-richest man last year by Forbes, with a net worth of US$1.5 billion ($2.1 billion).
For 1Q2010 ended March 31, Healthway Medical says net earnings fell 63.9% to $1.4 million, on the back of a 6.3% drop in revenue to $22.2 million.