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SGX:Z4D

18 stories mentioning SGX:Z4DUpdated 18d ago

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Asia

Medi Lifestyle Raises SG$9 Million Via Share Placement

Medi Lifestyle (SGX:Z4D) completed the placement of 178.6 million new shares at SG$0.049 each, raising nearly SG$8.8 million, according to a Tuesday Singapore Exchange filing.The shares were allotted and issued on Tuesday, with listing and trading on the SGX Catalist expected to begin on Wednesday.Following the placement, the company's issued share count increased to 745.7 million shares from 567.2 million.Shares of the company declined over 1% in afternoon trade Wednesday.

SGX:Z4D
Asia

Singapore Shares Rebound; TSH Resources Up 4%

Singapore shares snapped their losing streak, ending on a high note on Friday to join a regional rally, with the Straits Times Index ending the session at 5,688.96, up 17.05 points or 0.3% in the green.On the corporate front, shares of TSH Resources (SGX:TSH) were up nearly 4% at the close as its subsidiaries, Planet Spirits and The Other Roof, agreed to acquire certain assets of whisky bar operator The Auld Alliance for up to SG$2 million.Medi Lifestyle (SGX:Z4D) closed over 2% lower as it received a listing and quotation notice from the Singapore Exchange for up to 178.6 million new shares.Meanwhile, ComfortDelGro's (SGX:C52) Zig mobility platform will invest more than SG$10 million to expand its private hire vehicle fleet with BYD electric and hybrid vehicles. The stock ticked down 0.07% at close.Looking ahead to the next week, investors await the latest industrial production and inflation numbers."July CPI inflation is expected to accelerate sharply, driven by electricity tariff adjustments. The pass-through of higher utility costs is likely to extend to core inflation amid increased prices for retail goods and services," ING said in a note.

^STISGX:C52SGX:TSHSGX:Z4D
Asia

Medi Lifestyle Gets SGX Nod for Share Placement

Medi Lifestyle (SGX:Z4D) received a listing and quotation notice from the Singapore Exchange for up to 178.6 million new shares, according to a Thursday filing.The healthcare and wellness company intends to place out the shares at SG$0.049 apiece through SAC Capital, raising around SG$8.8 million.

SGX:Z4D
Asia

Singapore Shares Remain in Red Amid Sell-off in Tech Shares; Medi Lifestyle Down 7%

Singapore shares closed in the red zone on Wednesday, tracking broader regional losses amid a sharp overnight sell-off in technology shares on Wall Street.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,643.17 and 5,694.24 throughout the day. It ended the session at 5,694.24, down 7.16 points or 0.1% compared to Tuesday's close.On the corporate front, shares of Medi Lifestyle (SGX:Z4D) plunged nearly 7% at the close as it disclosed plans to raise about SG$8.8 million through the placement of 178.6 million new shares at SG$0.049 each.Raffles Education's (SGX:NR7) closed nearly 1% higher as its subsidiary, Langfang Hezhong Education Consulting, signed a compensation agreement worth 293.3 million yuan for the compulsory government reclamation of land in Hebei Province, China.Meanwhile, shares of Singapore Telecommunications (SGX:Z74) closed under 1% lower as S&P Global Ratings upgraded its issuer credit ratings to A+/A-1 from A/A-1.

^STISGX:NR7SGX:Z4DSGX:Z74
Asia

Medi Lifestyle Eyes SG$9 Million Via Private Placement of Shares; Shares Slump 7%

Medi Lifestyle (SGX:Z4D) will raise about SG$8.8 million through the placement of 178.6 million new shares at SG$0.049 each, according to a Tuesday filing.Shares dropped about 7% in Wednesday's afternoon trade.The placement shares represent 31.49% of the company's issued share capital before the placement and 23.95% after completion.Proceeds will be used for business development and expansion, including project financing, strategic investments, mergers and acquisitions and strategic partnerships, to boost working capital, and to repay debt.

SGX:Z4D
Asia

Singapore Shares Stay in Green as Trade Surplus Shrinks; Medi Lifestyle Soars 44%

Singapore shares closed in the green on Monday, with the city-state's non-seasonally adjusted merchandise trade surplus shrank to SG$12.6 billion in July from SG$12.9 billion in June, according to data from Statistics Singapore.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,679.10 and 5,768.46 throughout the day. It ended the session at 5,768.46, up 24.87 points or 0.4% compared to Friday's close.On the corporate front, shares of Medi Lifestyle (SGX:Z4D) soared over 44% at the close as it agreed to acquire a 60% stake in the issued share capital of EM2AI for SG$6.76 million from Q & M Dental Group (Singapore).Ever Glory United (SGX:ZKX) filed an application proof of the prospectus for its proposed dual primary listing on the Hong Kong Stock Exchange.Meanwhile, Metis Energy (SGX:L02) narrowed its attributable loss to owners by 71% during the first half of the year to SG$2.6 million from SG$8.9 million a year earlier.

^STISGX:L02SGX:QC7SGX:Z4DSGX:ZKX
Asia

Medi Lifestyle to Acquire 60% Stake in EM2AI for Nearly SG$7million

Medi Lifestyle (SGX:Z4D) has agreed to acquire a 60% stake in the issued share capital of EM2AI for SG$6.76 million from Q & M Dental Group (Singapore), according to a Sunday filing to the Singapore stock exchange.The deal will be executed via the issue of 138 million new Medi Lifestyle shares at SG$0.049 each. Profit targets are set at SG$1 million in fiscal 2027, SG$1.5 million in fiscal 2028 and SG$2.5 million in fiscal 2029, the filing said.The company said the acquisition will provide entry into technology‑enabled healthcare with commercialization potential across dental networks. Medi Lifestyle also plans a private placement to fund expansion and strategic growth initiatives.

SGX:Z4D
Asia

Q & M Dental Group (Singapore) to Divest Majority Stake in EM2AI to Medi Lifestyle

Q & M Dental Group (Singapore) (SGX:QC7) has signed a non-binding memorandum of understanding to sell 60% of its stake in EM2AI to Medi Lifestyle for around SG$6.8 million, according to a Sunday filing with the Singapore Exchange.Shares of Q&M Dental Group slipped 1% in Monday trading while Medi Lifestyle zoomed over 46%.The consideration will be satisfied entirely through the issuance of 138 million new shares in Medi Lifestyle at SG$0.049 apiece.Under the agreement, EM2AI's clinic management system business, EM2Clinic, will be excluded from the disposal.The disposal will allow the dental services company to focus on its core dental healthcare business while retaining a 40% stake in EM2AI.

SGX:QC7SGX:Z4D
Asia

Medi Lifestyle Appoints CEO; Shares Up 4%

Medi Lifestyle (SGX:Z4D) has appointed Tan Lee Seng as chief executive officer, with effect from Friday, according to a same-day filing to the Singapore bourse.Prior to the appointment, Seng was an executive director of the company.His responsibilities include the overall management and execution of the group's strategic objectives, including overseeing business development, driving corporate growth and expansion initiatives, and leading the group's performance and corporate planning activities.The company's shares were up nearly 4% in Monday's trade.

SGX:Z4D
Asia

Medi Lifestyle Appoints CFO

Health care and wellness services provider Medi Lifestyle (SGX:Z4D) has appointed Chan Chung Pheng as the chief financial officer effective Aug. 1, according to a late-night filing on Wednesday.He takes over from Edward Chen Boon Pok, who was appointed to the position of CFO in 2014 will step down on July 31.Chan was the consultant of the company from May 1 to July 31, and provided business consultancy services, including advising and assisting the company on merger and acquisition negotiations and due diligence and fund-raising exercises.The company's shares were down nearly 2% in Thursday's trade.

SGX:Z4D
Asia

Singapore Shares End Week Higher, Track Regional Gains; CNMC Goldmine Surges 10%

Singapore shares surged at the close on Friday, tracking regional gains, after a lukewarm US jobs report that could have the bearing on an imminent interest rate hike from the US Federal Reserve.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,197.02 and 5,244.29 throughout the day. It ended the session at 5,244.29, up 27.14 points or 0.5% compared to Thursday's close.On the corporate front, shares of CNMC Goldmine (SGX:5TP) surged over 10% at the close as it secured an in-principle approval from the SGX-ST for a transfer to the Mainboard of the Singapore Exchange Securities Trading.Elite UK REIT (SGX:MXNU) closed nearly 2% higher as it disposed of four properties in Wales, UK, for 6 million pounds sterling.Meanwhile, Medi Lifestyle's (SGX:Z4D) rights issue at SG$0.02 per share closed on June 29, more than twice oversubscribed, with the health services company raising over SG$3.6 million.

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Asia

Medi Lifestyle Rights Issue Oversubscribed, Raises Nearly SG$4 Million; Shares Up 4%

Medi Lifestyle's (SGX:Z4D) rights issue at SG$0.02 per share closed on June 29, more than twice oversubscribed, with the health services company raising over SG$3.6 million, according to a Thursday bourse filing.Shares of the company were up nearly 4% in Friday trading.The company received valid acceptances and excess applications for 409.9 million shares against 189.1 million available shares, reporting a subscription rate of 217%.Around 189.1 million rights shares will be allotted on July 6, with listing on Catalist set for July 7.Net proceeds from the issue will be deployed for general working capital, setting off a shareholder loan, debt repayment and for business development operations.

SGX:Z4D
Asia

Singapore Shares Remain in Red Amid Fragile US-Iran Peace; Medi Lifestyle Down 10%

Singapore shares closed in the red zone on Friday, tracking regional losses, with investor sentiment taking a fresh hit after Iran warned the US of "full-scale resumption" of the conflict.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,041.58 and 5,084.00 throughout the day. It ended the session at 5,049.96, down 17.57 points, or 0.4%, from Thursday's close.In economic news, Singapore's total retail sales rose 5.4% year over year to SG$4.3 billion in April, according to the Statistics Department.On the corporate front, Medi Lifestyle (SGX:Z4D) plunged over 10% at the close as it reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan.Shares of Gallant Venture (SGX:5IG) closed over 5% higher as its unit, PT Batamindo Investment Cakrawala, secured financing for the development of a coal-fired power plant in Indonesia.Meanwhile, shares of Civmec (SGX:P9D, ASX:CVL) were up over 1% as it secured a series of new contract awards, panel extensions and orders across its resources, infrastructure, energy and maintenance divisions, lifting its order book to a record AU$1.5 billion.

^STISGX:5IGSGX:P9DSGX:Z4D
Asia

Medi Lifestyle Signs Debt Offset Deal; Shares Slide 8%

Medi Lifestyle (SGX:Z4D) reached an agreement with controlling shareholder, Chua Yi Hang, to offset part of a shareholder loan, according to a Thursday filing with the Singapore Exchange.Shares of the healthcare services provider were down over 8% in Friday trading.Under the agreement, Hang will subscribe to roughly 47.4 million new rights shares, which will offset SG$947,696 of an outstanding SG$1.5 million shareholder loan.Additionally, four other corporate insiders have committed to the share offering and have already deposited their subscription amounts into the company bank account, taking the total subscription to 107.1 million shares, amounting to about SG$2.1 million.Proceeds raised from the activity will be used to offset the loan, while the remaining amount will be used for general working capital needs, debt repayment and business development initiatives.

SGX:Z4D
Asia

Medi Lifestyle Secures Loan from Controlling Shareholder

Medi Lifestyle (SGX:Z4D) signed a loan agreement with controlling shareholder, Chua Yi Hang, for a non-interest bearing loan of up to SG$480,000, according to a Wednesday filing with the Singapore Exchange.The loan comprises the previously advanced SG$200,000 and a balance sum of SG$280,000.Chua currently has a 25.06% stake in the company.Under the agreement, Chua will have the right and option to make changes to the board during the loan's one-year term.Proceeds from the loan will be used for general working capital needs and for corporate activities.

SGX:Z4D
Asia

Singapore Shares Edge Higher Against Regional Slump Amid Renewed Middle East Tensions

Singapore shares closed marginally in positive territory Tuesday, proving resilient even as regional markets retreated on news that the U.S.-Iran ceasefire is nearing collapse.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,915.15 and 4,953.04 throughout the day. It ended the session at 4,946.00, up 3.23 points or nearly 0.1% compared to Monday's close.On the corporate front, OxPay Financial (SGX:TVV) surged nearly 13% at the close as it increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share.Medi Lifestyle (SGX:Z4D) plunged nearly 8% at the close as it narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier.Meanwhile, shares of SIA Engineering (SGX:S59) were up over 3% at the close as the company's profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier.

^STISGX:S59SGX:TVVSGX:Z4D
Asia

Medi Lifestyle CEO Steps Down as Executive Director; Shares Fall 8%

Shares of Medi Lifestyle (SGX:Z4D) declined nearly 8% in Tuesday's afternoon trade after Chief Executive Officer Herry Pudjianto resigned as an executive director of the board to focus on his duties as CEO.Effective May 13, Pudjianto will dedicate his full attention to the medical service company's operations and strategic growth plans, according to a Tuesday filing with the Singapore Exchange.

SGX:Z4D
Asia

Medi Lifestyle's Loss Shrinks 21% in Q1; Shares Plunge 10%

Med Lifestyle (SGX:Z4D) narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier, according to a Monday filing with the Singapore Exchange.Shares of the health services company slumped over 10% in late-morning trade on Tuesday.Loss per share came in at 0.0018 ringgit compared with 0.0054 ringgit in the year-ago period.Revenue dropped 93% year over year to 251,000 ringgit from 3.3 million ringgit.

SGX:Z4D

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