Lifebrandz calls for trading halt pending announcements

The Cannery (building on the right) at Clarke Quay where five outlets operated by Lifebrandz shut down last year.
The Cannery (building on the right) at Clarke Quay where five outlets operated by Lifebrandz shut down last year. PHOTO: ST FILE

SINGAPORE - Former entertainment group Lifebrandz requested a trading halt before markets opened on Wednesday morning (Nov 16), pending release of announcements.

Last month, auditors for the Catalist-listed company flagged concern over the its ability to continue as a going concern.

Mazars LLP noted that Lifebrandz had a net current liability of S$164,000 and net total liability of S$158,000 as at July 31. It also incurred a net loss of S$1.07 million and net operating cash outflows of S$987,000 for the financial year ended July 31, 2016.