Brief: Lifebrandz Says Decided On Permanent Closure Of Hashida Sushi Singapore Operated By Unit

Autagco

04/05/2020 09:58

May 4 (Reuters) - Lifebrandz Ltd  LIFE.SI :
    * DECIDED ON PERMANENT CLOSURE OF HASHIDA SUSHI SINGAPORE
OPERATED
BY UNIT
    * FOREGOING WILL NEGATIVELY IMPACT GROUP'S CASH FLOWS,
FINANCIAL
POSITION AND EARNINGS PER SHARE FOR FY ENDING JULY 31 2020
    * MULLIGAN'S IRISH PUB AIMING TO RE-OPEN ON 6 MAY
    * DURING COVID-19 OUTBREAK PERIOD, COMPANY EXPECTS REDUCTION
IN
REVENUE
    * EXPLORING OTHER FINANCING OPTIONS TO IMPROVE LIQUIDITY
    * WITH PERMANENT CLOSURE OF HASHIDA SUSHI, CO INTENDS TO
EXPEDITE
OPENING OF KAJI F&B
    * GROUP EXPECTS TO INCUR ONE-OFF RETRENCHMENT COSTS OF
AROUND
S$65,000 FROM PERMANENT CLOSURE OF HASHIDA SUSHI

Source text for Eikon:  urn:newsml:reuters.com:*:nSN3mmvf6
Further company coverage:  LIFE.SI 

 ((Reuters.Briefs@thomsonreuters.com;))