Singapore Paincare Unit to Cease Traditional Chinese Medicine Business by March 2027

MT Newswires09-25

Singapore Paincare's (SGX:FRQ) wholly-owned subsidiary, Singapore Paincare TCM Wellness, will cease its traditional Chinese medicine (TCM) business entirely by March 31, 2027, according to a Singaporean bourse filing on Friday

The landlord has required Singapore TCM to surrender its premises at Marina Square Shopping Mall due to a building redevelopment.

The board decided to cease the TCM business after considering that it has been loss-making since inception and that relocating would involve costs and uncertainties.

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