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Axington, Citicode to become healthcare plays

Vivienne Tay
Published Wed, Jul 29, 2020 · 09:50 PM

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…

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