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HealthBank Holdings Consulting SGX to Avoid 'Cash Company' Tag Post-Disposal

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HealthBank Holdings (SGX:40B) is currently consulting with the Singapore Exchange Securities Trading regarding its compliance status in connection with a proposed corporate overhaul, according to a Friday bourse filing.

The property investment and facilities management services provider is seeking clarity over whether it will be deemed a "cash company" under SGX listing rules following the completion of the sale of its subsidiary, Libre Hospitality Limited, for 9 million yuan.

To avoid classification as a cash company, HealthBank is proposing to diversify its group operations into three new business areas.

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