Axington proposes to change core business to medical, consumer wellness services

that the pair had"plans" for Axington, and it was"a natural extension to list one of our businesses here".

Axington added that the proposed acquisition will kickstart its proposed core business change and pave the way for its expansion into the medical and consumer wellness sector. Axington also proposed a renounceable non-underwritten rights issue of up to around 95.2 million new ordinary shares at 10 cents per share, on a one-for-two basis, to raise an estimated S$9.4 million.

Axington intends to use 60 per cent of the gross proceeds from the placement and rights issue for business investments and"opportunistic" acquisitions, and 40 per cent for general working capital. This increase is expected to improve the trading liquidity of the shares on the Catalist board and provide the company with increased visibility within the investment community, it added.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Operators optimistic as bike-sharing sees a quiet resurgence; experts however say it is not a viable business modelSINGAPORE — Despite the Covid-19 pandemic taking a toll on many businesses, bicycle-sharing seems to have maintained its popularity, with operators looking to expand their business.
Fuente: TODAYonline - 🏆 1. / 99 Leer más »

Operators optimistic as bike-sharing sees a quiet resurgence, but experts say it is not a viable business modelSINGAPORE — Despite the Covid-19 pandemic taking a toll on many businesses, bicycle-sharing seems to have maintained its popularity, with operators looking to expand their business.
Fuente: TODAYonline - 🏆 1. / 99 Leer más »

Rising COVID-19 cases dent US consumer confidence; housing market presses aheadU.S. consumer confidence fell more than expected in July amid a flare-up in COVID-19 infections across the country, which is threatening the ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »