New Trend Lifestyle Group PLC - Singapore-based Feng Shui products maker - Announces disposal of its 86% owned subsidiary, New Trend Lifestyle Pte Ltd, subject to general meeting in October. Proposes 10 for 1 share consolidation of ordinary shares and a conditional placing with new investors, to raise GBP1 million via issue of 100 million new shares, together with grant of 50 million investor warrants. Company has agreed with New Trend Lifestyle that name will be changed to Conduity Capital PLC at GM. Pretax loss in 2019 narrows to SGD11,000, or GBP6,162, from SGD360,000. Revenue climbs 2.8% to SGD6.7 million from SGD6.5 million.
Current stock price: 0.40 pence
Year-to-date change: down 11%
By Eric Cunha; ericcunha@alliancenews.com; Updated by Arvind Bhunjun; arvindbhunjun@alliancenews.com
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