LifeBrandz in RTO deal to become a healthcare group

Singapore

BELEAGUERED lifestyle group LifeBrandz on Thursday said it has signed a deal with Healthtrends Medical Investments to acquire shares in four target companies in what is essentially a reverse takeover (RTO) deal that will transform it to a healthcare group.

This would not be its first RTO deal attempt. In February last year, it tried to do something similar with shareholders of Acteam International Co Ltd and 122 Middle Investment to become a hospitality business. But that fell through because both sides could not arrive at a mutually agreeable structure of the transaction.