Viva Leisure Ltd. (AU:VVA) has released an update.
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Viva Leisure Ltd. announces a significant acquisition of a 25% equity stake in World Gym Australia and three corporate locations in Queensland, valued at $16.7 million. This move is fully funded through existing resources and is expected to boost Viva’s growth by expanding its network to over 450 locations and integrating innovative technologies for operational efficiency. The acquisition not only strengthens Viva’s position in the fitness market but also opens new revenue streams and market opportunities.
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