Osim Archives - Inside Retail Asia
KKR is to invest as much as S$500 million (US$366 million) into V3, the parent of cafe chain TWG Tea and massage chair retailer Osim.
Osim has submitted a preliminary prospectus to the Hong Kong Stock Exchange to relist as V3.
Osim founder Ron Sim Chye Hock has puzzled the market by halting share trading in the group after announcing an upwardly revised takeover offer.
Singapore retail group Osim International has appointed an administrator to its Australian GNC vitamin store operation.
Health appliance retailer Osim says its core business is helping it maintain stable gross margin in a retail market it described as “soft” throughout the region.
Singapore based lifestyle products retailer Osim says trade across all its core markets were soft in the last three months.
Lifestyle company Osim has posted a 53 per cent profit drop for the first quarter on declining sales.
Therapeutic chair retailer Osim says it has no idea why its share price has slumped nine per cent in just two days this week.
The sudden fall prompted a ‘please explain’ memo from the Singapore Exchange, (SGX), which warned investors to “trade with caution”.
In a statement to the SGX Osim International Ltd said it was not aware of any information not previously announced which might explain the unusual trading pattern – “If yes, the information shall be announced immediately”.