Lifebrandz says it intends to transfer its listing from the Mainboard to the Catalist Board of the Singapore Exchange.
“The board believes the size of its business, market capitalisation and investor profile of the company better resemble that of the companies on the Catalist.” says Lifebrandz in a filing.
Due to heavy losses, LifeBrandz had recently got out of the bar and restaurant business and acquired four health-related companies from Healthtrends Medical Investments for $100 million.
The company says it will apply to SGX for the proposed transfer in due course.
Meanwhile, shareholders are advised to exercise caution when trading their shares as there is no certainty that the proposed transfer will be undertaken at all.
LifeBrandz last traded at 0.5 cent.
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“The board believes the size of its business, market capitalisation and investor profile of the company better resemble that of the companies on the Catalist.” says Lifebrandz in a filing.
Due to heavy losses, LifeBrandz had recently got out of the bar and restaurant business and acquired four health-related companies from Healthtrends Medical Investments for $100 million.
The company says it will apply to SGX for the proposed transfer in due course.
Meanwhile, shareholders are advised to exercise caution when trading their shares as there is no certainty that the proposed transfer will be undertaken at all.
LifeBrandz last traded at 0.5 cent.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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