LifeBrandz Outlines Plans to Enter Assisted Living Business

MT Newswires10-16

LifeBrandz (SGX:1D3) outlined plans to diversify into assisted business living, according to a filing with the Singapore Exchange on Tuesday.

The company intends to incorporate a wholly-owned subsidiary in Singapore named Communa Gold by entering into a non-binding term sheet to acquire the business and assets of Crescendo Wellness Living for SG$50,000.

The proposed diversification is subject to shareholder approval, the filing said.

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