LifeBrandz plans reverse takeover
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
LOSS-MAKING nightlife group LifeBrandz is hoping to undergo a reverse takeover that would turn it into a hospitality developer.
Yesterday, it signed a memorandum of understanding (MOU) with shareholders of Acteam International Co Ltd and 122 Middle Investment Pte Ltd to acquire their stakes, payable in cash and new share issue at an indicative price of 1.2 cents each, the company said.
It has also signed an MOU with Centurion Private Equity Ltd and Massive Collective Pte Ltd to dispose its existing businesses to them. This will be satisfied in cash.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
