KUALA LUMPUR (Jan 14): TMC Life Sciences Bhd has secured a non-revolving credit facility of up to RM90 million with a corporate guarantee from the healthcare group.

The facility is provided by OCBC Bank (Malaysia) Bhd to TMC's wholly-owned subsidiary Thomson Hospitals Sdn Bhd to hire equipment/goods.

In a bourse filing today, TMC said when fully drawn, the facility is expected to increase the group's gearing to 0.12 times from 0.002 times, based on its audited consolidated financial statements for the financial year ended Aug 31, 2019 (FY19).

TMC shares closed one sen or 1.57% higher at 65 sen today, for a market capitalisation of RM1.12 billion.