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Axington, Citicode to become healthcare plays

Vivienne Tay

Vivienne Tay

Published Wed, Jul 29, 2020 · 09:50 PM
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Singapore

CATALIST-LISTED professional advisory services group Axington and mainboard-listed Citicode could soon become healthcare companies.

Axington on Wednesday proposed to change its name and core business, and acquire a Malaysian medical products distributor for S$12 million. It also proposed a S$6 million share placement, a compliance placement, and a S$9.4 million two-for-one rights issue.

The company wants to be a provider of medical and consumer wellness services. It also hopes to invest in medical technology, robotics and artificial intelligence technology applications in the medical and consumer wellness space.

Formerly…

SEE ALSO
Axington's independent auditor puts disclaimer of opinion on FY2021 statements
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private placement
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