Lifebrandz Ltd. (SG:1D3) has released an update.
LifeBrandz Ltd. has announced that Aurico Global Holdings Pte. Ltd. has agreed to purchase a total of 728 million shares from its controlling shareholders, Auspac Financial Services Pty. Ltd. and i-Concept Global Growth Fund, significantly changing the ownership landscape of the company. The deals, which represent approximately 29.83% of LifeBrandz’s issued shares, are set to shift the controlling interest to Aurico upon completion.
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