03 Mar 2014
LifeBrandz’s Reverse Takeover
Danny Lim, Tan Mui Hui, Chia Lee Fong and Caitlin Huang from the Corporate & Capital Markets Practice are acting for mainboard-listed LifeBrandz Ltd (“LifeBrandz”) in a proposed reverse takeover that would turn LifeBrandz into a hospitality developer.
Through its acquisition of stakes in Acteam International Co Ltd and 122 Middle Investment Pte Ltd, LifeBrandz will own a two properties in Vietnam and Singapore which it intends to develop into a premium resort and a boutique hotel-cum-commercial development respectively. LifeBrandz will dispose of its existing businesses to Centurion Private Equity Ltd and Massive Collective Pte. Ltd, to be satisfied in cash.