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Lifebrandz's chairman and ID resign in view of the group's new strategic direction

Felicia Tan
Felicia Tan3/11/2021 12:51 AM GMT+08  • 2 min read
Lifebrandz's chairman and ID resign in view of the group's new strategic direction
Lifebrandz, on March 10, posted its results for the 1HFY2021, where it made earnings of $3.1 million, from losses of $1.3 million.
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Lifebrandz’s chairman cum CEO Saito Hiroyuki and independent director Naoki Watanabe have resigned from their roles effective March 10.

The reasons behind the resignations are due to the group’s new strategic direction, which will be focusing on food and beverage industries within the Asean region.

According to an SGX filing on the evening of March 10, Hiroyuki and Watanabe have also stepped down to allow for candidates with relevant experience to take over their roles in advising the group.

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