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Lifebrandz Ltd. ( (SG:1D3) ) just unveiled an announcement.
Autagco Ltd. has announced the members’ voluntary liquidation of its 75%-owned subsidiary, Superfood Kitchen Pte. Ltd. (SFK), as part of its strategic review. Following this, the company has also decided to liquidate its 70% interest in The Green Bar Pte. Ltd. (TGB), resulting in the closure of its F&B outlet at Alexandra Retail Centre. This move is part of a broader strategic review aimed at restructuring the company’s portfolio. Additionally, TGB has received a letter of demand for outstanding rental fees, which is being addressed by the appointed liquidator.
More about Lifebrandz Ltd.
Current Market Cap: S$7.82M
For a thorough assessment of 1D3 stock, go to TipRanks’ Stock Analysis page.