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Medi Lifestyle’s Acquisition Misses Profit Goals

Medi Lifestyle’s Acquisition Misses Profit Goals

Medi Lifestyle Limited (SG:Z4D) has released an update.

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Medi Lifestyle Limited has announced that HealthPro Life Sdn Bhd, which it acquired, failed to meet the guaranteed profit target due to the COVID-19 pandemic and other market challenges. The company faced a cumulative EBITDA loss and has now become dormant following the cessation of its postpartum business operations.

For further insights into SG:Z4D stock, check out TipRanks’ Stock Analysis page.

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