Consumer & Healthcare

Around 380 staff are affected in the changes, which are part of its transformation efforts

It includes a proposed placement of 16.3 billion shares to raise S$15 million, with S$11.5 million set aside for creditors

The company has also been hamstrung by long-dated agreements with landlords

Travel disruptions to and from the Middle East and high airfares continue to drag on earnings

It aims to accelerate growth and rebuild momentum, particularly in the world’s second largest economy

Some managers have reportedly been asked to target 20% in annual cost savings

The plan is to back up to 12 biotech companies, combining investment with hands-on support

It says it is assessing several manufacturing pathways to fulfill its US DoD contract to supply the drug

The company says the competition in grocery retail could intensify in the coming year