Lifebrandz calls for trading halt pending announcements
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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.
