Stake changes: Lifebrandz

Japanese 1,000 yen notesJapanese 1,000 yen notes

Franz Elioe Narcis ceased to be a substantial shareholder of Lifebrandz after disposing of 76 million shares in the market at S$0.002 each on 9 June, taking his stake to 2.91 percent from 6.6 percent previously, according to a filing to SGX Monday. He retains 60 million shares, the filing said.

In February 2021, Narcis agreed to subscribe for 126 million shares of Lifebrandz in a placement at S$0.005 each, or a total S$630,000.

Lifebrandz is a holding company for fintech robo advisor Finesse, travel business Takumi Holidays, which provides local experiences for visitors in Japan, and a food and beverage business which includes the Mulligan, an Irish-style pub in Pattaya, Thailand, and the Hashida Sushi restaurants.