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New-Age Fitness Trends
Channel News Asia , 20 JULY 2017


True Fitness Senior Personal Trainer Mohamed Faizal Abdullah shares his view on new fitness trends in a segment of morning news programme First Look Asia on Channel News Asia. 

Catch him in this video: 

http://www.channelnewsasia.com/news/catch-up-tv/first-look-asia/healthmatters/fla-170720-trends-9047256







China Group Buys Into True Group; IPO on cards
Business Times, 31 MAY 2017


HONG Kong-listed Tongfang Kontafarma has acquired a sizeable stake in Singapore-based fitness and wellness provider True Group for US$36.7 million in cash, a move that paves the way for the latter to significantly expand its presence across China.

The deal, announced on Tuesday afternoon, will see Tongfang Kontafarma – a Chinese company indirectly invested by Tsinghua University that primarily manufactures and sells prescription drugs – take a 51 per cent stake in True’s Singapore and China businesses, as well as a 29 per cent stake in its Taiwan operations.

As part of its longer-term growth strategy, True also intends to pursue an initial public offering (IPO) on the Hong Kong Stock Exchange within the next two years or so.







Fitness chain True Group plans to up its game in China
Straits Times, 5 JUNE 2017


The True Group fitness chain is joining forces with a Chinese investor to establish 20 new clubs in China over the next three years.

Singapore-based True Group, one of Asia's leading fitness and wellness providers, will collaborate with Hong Kong-listed Tongfang Kontafarma in a US$36.7 million (S$51 million) venture.

The move involves Tongfang Kontafarma acquiring a 51 per cent stake in True Group's Singapore and China businesses and a 29 per cent holding in its Taiwan unit.