Asia
Kontafarma China Shutters Loss-Making Yoga, Fitness Centers in Singapore
Kontafarma China Holdings (HKG:1312) is winding down two of its yoga and fitness subsidiaries in Singapore, citing competitive market conditions that led to heavy losses, according to a Thursday bourse filing.The company said it will record an impairment loss of HK$76.9 million from shuttering its True Fitness and True Yoga businesses.For fiscal year 2025, True Singapore Group, which includes the fitness and yoga center businesses, reported revenue of HK$181.2 million and a loss of about HK$34.3 million.
HKG:1312
