PLife – Lim and Tan

• We would be hardly surprised if the party that sold 56.25 mln PLife units this morning at S$1.56 a unit turns out to be TPG.

• Note that TPG, which sold out its stake in Parkway Holdings to Fortis Healthcare, has exactly 56,250,148 units or 9.31% of total issued. It was to us a matter of time for TPG to exit PLife.

• PLife was traded to a record high of $1.68 two days ago.