Rowsley gets regulatory nod that will enable it to become a real estate player

Investment company Rowsley, owned by billionaire Peter Lim, has received regulatory approval for two major deals it needs to become a real estate player.

In the latest phase of the approvals required, the Singapore-listed firm announced on Aug 15 that the Singapore Exchange has given its approval for the proposed acquisition of RSP Architects Planners & Engineers and a 9.23-ha land plot in Iskandar, Johor.

The deals were signed in February this year (2013).

Rowsley will also issue a free bonus of two warrants for every existing share held by shareholders, as a reward for existing shareholders once the deals are completed.