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EpiCentre plans to move into regional property on RTO plan

Loss-making Apple reseller says it will divest both its core business and recently acquired beauty unit

Annabeth Leow

Annabeth Leow

Published Wed, Jun 27, 2018 · 09:50 PM
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Singapore

CATALIST-LISTED EpiCentre Holdings could be going into the regional property business through a reverse takeover, it said on Wednesday.

It is also axing a rights-cum-warrant issue, turning instead to a fresh share placement, in a move that executive chairman and acting chief executive Kenneth Lim said is meant to snag strategic investors to support the new businesses.

The news follows loss-making EpiCentre's planned exit from its core Apple reselling business here, which was announced on Tuesday evening.

The reverse takeover would involve buying al…

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