The military of Myanmar has launched renewed air and ground strikes in the east of the country, displacing thousands.
Laos Shares 3rd Place with Timor-Leste at AFF U23 Championship
The Timor-Leste football team at the AFF U23 Championship showed remarkable sportsmanship over the weekend, suggesting a tie for third place with the Laos national team.
Fly VTLs, Get Rewards: Earn up to $200 on your next Singapore Airlines holiday with YouTrip
In light of this travel interest, leading Southeast Asian neobank, YouTrip, is giving users more savings when they book their next flight with Singapore Airlines. Happening from now till 21 March, with every $500 spent, customers can earn the following:
- S$20 cashback credited to their YouTrip wallet, and
- S$30 Changi Gift Card to spend in stores
A S$2,000 VTL flight ticket would essentially give travellers 4x the rewards – a maximum of S$200 payout per customer. (T&Cs here)
To be eligible, YouTrip users need to book a round trip or return flight from Singapore to an eligible VTL destination between 22 February and 21 March 2022 (both dates included) through the Singapore Airlines website, Singapore Airlines Mobile App, or via Singapore Airlines Appointed Travel Agents and pay with their YouTrip Mastercard®. Only specific VTL destinations are eligible for this promotion.
“The resumption of VTLs is fantastic news for Singaporeans who had to put a temporary pause on their travel plans. In fact, this strong demand for travel was already observed during the holiday season last year, with airline bookings spiking 700% year-on-year, and we’re optimistic that this behaviour will only rise with the border reopening,” said Kelvin Lam, Regional General Manager of YouTrip.
“As the go-to multi-currency wallet, we are always looking to enhance our users’ payment experience. This new travel campaign is our way of helping them accumulate valuable savings as they embark on their overseas adventures,” he added.
More details of this travel campaign can be found here: https://www.you.co/sg/blog/singapore-airlines-youtrip/
About YouTrip
YouTrip is a Southeast Asian neobank offering the region’s first and leading multi-currency wallet. As a regional financial technology startup, it is dedicated to creating the best mobile financial services by simplifying foreign currency payments and offering the best exchange rates. YouTrip was launched in Singapore in 2018 and subsequently in Thailand in partnership with Kasikornbank in 2019. To date, it has received over 1.5 million downloads and processed close to 20 million transactions.
The company is a Major Payment Institution licensed by the Monetary Authority of Singapore, and was awarded one of Top FinTech Leaders in both 2020 and 2021 by the Singapore FinTech Association.
For more information, please visit www.you.co
#YouTrip
Traveloka Celebrates 10th Anniversary, Strengthens Position As Southeast Asia’s Lifestyle Superapp
The company marks this significant milestone as the region’s lifestyle superapp; announces first-ever brand ambassador for Singapore
SINGAPORE – Media OutReach – 28 February 2022 – Traveloka, Southeast Asia’s lifestyle superapp, celebrates its 10th Anniversary today, a significant milestone in the company’s growth and expansion across Southeast Asia. With a keen understanding of consumer lifestyle behavior and preferences, Traveloka has, in the last 24 months, completed its transformation from a leader in travel into the region’s lifestyle superapp. To mark this significant milestone, Traveloka is excited to unveil its very first brand ambassador for Singapore, beloved Singaporean actress, Michelle Chong.
Thanks to an increasing number of Vaccinated Travel Lanes (VTL) and a relaxation of border restrictions, buoyed by strong pent-up demand for travel and adventure, travelers are beginning to plan for their next adventure. Traveloka is committed to helping them fulfill their lifestyle aspirations and providing an end-to-end experience.
Traveloka is establishing itself as Southeast Asia’s lifestyle superapp that will enable users across the region to seamlessly pursue lifestyle choices and adventures, both at home and overseas.
Establishing Traveloka as a Lifestyle Superapp
Accelerated by Covid-19, Southeast Asians emerged as global leaders in mobile connections with over 887 million connections, representing 132 per cent of the region’s total population. With such a mobile-first culture that readily embraces digital technologies, consumers here are demanding for connectivity at their fingertips — one that can be satisfied by superapps. In fact, the ASEAN superapp market is forecasted to exceed US$23 billion by 2025, an almost six-fold boom from 2020.
As the region’s lifestyle superapp, Traveloka currently offers users in Singapore an innovative and tech-enabled experience. From AI recommendations to a personalized chatbot, users enjoy a comprehensive and seamless experience on Traveloka. Beyond travel services, users also have access to experiences from attractions and workshops to beauty and spa options. As Traveloka strengthens its presence in Singapore, the company is committed to introducing end-to-end solutions for Singaporeans’ lifestyle needs.
Caesar Indra, President at Traveloka, said, “The last 24 months have drastically reshaped the fundamental idea of travel and discovery. Consumers today have vastly different expectations — they prioritize convenience, safety, and personal wellbeing, which will enable them to truly enjoy and engage in activities. We have seen demand for travel and local experiences surge in the last few months and Traveloka is committed to providing seamless experiences, without the user having to leave our platform. As one of the first lifestyle superapps in the region, we are revolutionizing lifestyle services for millions of consumers in Southeast Asia, redefining how they live, play, and discover new adventures in their very own backyards and across the world.”
Introducing Singapore’s Very First Brand Ambassador, Michelle Chong
To celebrate its 10th birthday, Traveloka has enlisted one of Singapore’s most beloved celebrities, Michelle Chong, as its brand ambassador. A familiar face not just in Singapore but across Southeast Asia, Michelle’s tongue-in-cheek humor, exuberance, and love for adventure perfectly complement Traveloka’s brand persona and values.
Michelle Chong, Brand Ambassador for Traveloka said, “I am very excited to come on board as Traveloka’s first brand ambassador. We haven’t been able to travel in the last two years and I can’t wait to rediscover the world with everyone again. Besides bringing everyone on a journey and adventure with me to my favorite cities, I’m also looking forward to rediscovering hidden gems in our very own Singapore. Actually, Ah Lian might be your travel companion instead, because she confirm plus chop knows how to get the best deal and travel arrangements using Traveloka.”
Caesar Indra, President at Traveloka, adds, “Michelle couldn’t be a more natural fit for Traveloka. We are on a mission to fulfill the lifestyle aspirations of our users and redefine the idea of discovery with them. With her vibrant and outgoing personality, coupled with her affinity with Singaporeans, we are confident that our partnership with Michelle will bring Traveloka’s extensive lifestyle offerings and convenience closer to even more Singaporeans.”
Supporting the Local Hospitality Industry
Even as travel came to a standstill in the last two years, Traveloka continued to support the tourism sector and play an active role in invigorating the industry locally.
From December 2020, Traveloka partnered with the Singapore Tourism Board as an authorized booking partner for the SingapoRediscovers Vouchers (SRV), allowing Singaporeans to purchase local experiences, support local businesses, or donate to a cause of their choice on the lifestyle superapp.
Additionally, Traveloka further complemented the government’s efforts to revive local tourism through various initiatives. First, Traveloka built a social network connecting the tourism sector to the local community. With a dedicated Telegram group of 16,500 members and counting, it served as a platform for the community to interact and share their experiences. Secondly, its EPIC Sale, held between 14 – 20 April 2021, offered exclusive deals with participating hotels and attractions. Traveloka experienced an uplift in traffic by 65 times and saw transaction uplift by up to nine times.
To recognize the efforts of frontline and hospitality workers, Traveloka launched its #WalkTogether Against Covid 19 movement in partnership with The Social Kitchen. Through this initiative, Traveloka distributed plant-based meals to frontline workers at Changi Airport and healthcare workers in several hospitals in Singapore. Furthermore, working with the Corporate Alliance for Good, Traveloka also supported Singaporeans whose lives and livelihoods have been impacted by the pandemic, including local tourism businesses.
About Traveloka
Traveloka, Southeast Asia’s lifestyle superapp, provides users access to discover and purchase a wide range of travel, local services, and financial services products. Traveloka’s comprehensive product portfolio includes transport booking services such as flight tickets, bus, trains, car rental, airport transfer, as well as access to the largest accommodation inventory in Southeast Asia, including hotels, apartments, guest houses, homestays, resorts, and villas, making Traveloka a booking platform with the widest selection of accommodation and packages.
Traveloka is also a key player in the local services category, offering reservations for a wide range of local attractions, activities, wellness and beauty clinics, culinary directories as well as food delivery. Traveloka also offers financing, payment, and insurance products to help Southeast Asian consumers fulfill their lifestyle aspirations. Traveloka provides 24/7 customer service in local languages as well as more than 40 different local payment methods. Traveloka lifestyle superapp has been downloaded more than 100 million times, making it the most popular travel and lifestyle booking application in the Southeast Asian region.
For more information, please visit: https://www.traveloka.com/en-sg/
#Traveloka
The issuer is solely responsible for the content of this announcement.
Laos Confirms 134 New Cases of Covid-19
Laos has recorded 134 cases of Covid-19 across the country today.
Herbalife Nutrition Foundation Donates US$333,000 to World Food Program USA to Assist with Disaster Relief from Typhoon Odette in the Philippines
“As a global nutrition foundation committed to eradicating hunger, we are keenly aware that disasters can leave many people without access to food and clean water. During critical moments like these, we support efforts to help alleviate food insecurity, in partnership with our distributors,” Stephen Conchie, Board Member of the Herbalife Nutrition Foundation, and Senior Vice President and Managing Director for Herbalife Nutrition, Asia Pacific and China regions.
Over eight million people have been affected by Typhoon Odette and, in some regions, 80% of the total population has been severely impacted. When the typhoon hit in December 2021, Herbalife Nutrition Foundation activated a month-long campaign through disaster relief partner, the Red Cross Philippines, to help the victims in urgent need of food, clothing, clean water and blankets.
“Herbalife Nutrition and the Herbalife Nutrition Foundation have been committed partners helping us feed and sustain those most in need around the world,” said Gabriella Morris, Chief Philanthropy Officer for World Food Program USA. “This donation will help us provide critical food assistance to thousands of vulnerable families impacted by the typhoon and help them to build resilience and capacity to withstand future shocks.”
The Herbalife Nutrition Foundation has been committed to helping alleviate food shortages for more than 17 years. In 2021 alone, the Foundation donated more than US$5 Million to help support more than 167 organizations around the world end global hunger, including Asociación Mexicana de Bancos de Alimentos (BAMX), SOS Children’s Villages of Europe, Africa, India and the Philippines, A Place Called Home (APCH) in the United States, Pour un Sourire d’Enfant in Cambodia, Daegu Children’s Welfare Center in Korea and Foundation for Children in Thailand.
HNF’s work complements Herbalife Nutrition’s Nutrition for Zero Hunger campaign, a global initiative aligned with the United Nations’ Sustainable Development Goal 2, which seeks to end global hunger by 2030.
In Asia Pacific, HNF’s Casa Herbalife Nutrition program brings healthy meals and nutrition education to more than 100,000 children in need.
About Herbalife Nutrition Foundation
Since 2005, the Herbalife Nutrition Foundation (HNF), a global 501c)(3) nonprofit foundation, has been devoted to improving lives of children and families around the world. HNF supports community-based Casa Herbalife Nutrition partners around the globe that help bring good nutrition to socially vulnerable communities and aid to organizations focused on promoting access, education and empowerment of good nutrition, general wellness and disaster relief. For more information about HNF and how you can support the programs, visit www.herbalifenutritionfoundation.org.
About the World Food Program USA
World Food Program USA, a 501(c)(3) organization based in Washington, DC, proudly supports the mission of the United Nations World Food Programme by mobilizing American policymakers, businesses, and individuals to advance the global movement to end hunger. Our leadership and support help to bolster an enduring American legacy of feeding families in need around the world. To learn more about World Food Program USA’s mission, please visit wfpusa.org/mission-history.
#HerbalifeNutritionFoundation
Heidelberg Pharma and Huadong Announce Strategic Partnership, Including Equity Investment
- Heidelberg Pharma grants Huadong exclusive license to develop and commercialize HDP-101 and HDP-103 in Asia[1] (excluding Japan), plus exclusive opt-in rights for two more pipeline candidates, with a total deal value of up to USD 930 million (EUR 825 million)
- Huadong will also participate in a rights issue and acquire a percentage of current shareholdings from existing shareholders including dievini[2], totaling EUR 105 million
- Huadong to become second largest shareholder; dievini remains largest shareholder
- Heidelberg Pharma plans rights issue of up to EUR 80 million at EUR 6.44 per share
- Conference call on Monday, 28th February 2022 at 01:00 pm CET
LADENBURG, GERMANY – EQS Newswire – 28 February 2022 – Heidelberg Pharma AG (FSE: HPHA) and Huadong Medicine Co., Ltd., Hangzhou, China, (SZ 000963; Huadong) today announced that the companies have entered into a strategic partnership with the signing of an exclusive licensing agreement as well as an investment agreement. The agreements were concluded with wholly owned subsidiaries of Huadong, one of the leading pharmaceutical companies in China with a focus on oncology and ADC research, development and commercialization.
Dr. Jan Schmidt-Brand, CEO and CFO of Heidelberg Pharma, commented: “We are excited to enter this major partnership with Huadong. Through this strategic collaboration, we will gain another valuable and reliable long-term investor who fully supports our strategy to become a global ADC player, and we will be able to speed up our product development and broaden our pipeline. We are convinced that our partner’s strong development and commercialization expertise and knowledge of Asia will both shorten the time to market and maximize the commercial opportunity for our ATAC(R) products in this important territory.”
Mr. Liang Lu, Chairman of the Board and CEO of Huadong Medicine, added: “Heidelberg Pharma is an emerging leader in the ADC space. We are pleased to partner with Heidelberg Pharma and bring the best ADC products to the cancer patients in Asia. The collaboration further strengthens Huadong’s ADC portfolio and expands our ADC R&D capabilities. Huadong will contribute Asian patients to global clinical trials to help accelerate products development. We are also committed to supporting Heidelberg Pharma to become a world ADC leader, by the substantial equity investment and access to Huadong’s ADC ecosystem.”
Prof. Dr. Christof Hettich, Chairman of the Supervisory Board of Heidelberg Pharma and Managing Partner of dievini, said: “I am delighted that the Heidelberg Pharma team has entered into this strategic partnership with a strong Asian partner and new shareholder who shares the Company’s vision. We have been supporting Heidelberg Pharma since 2004 and are happy to see that their legacy assets have been developing nicely through partnerships and the new ATAC(R) projects have been generating high interest from pharma companies. The dievini team is looking forward to the clinical development of the pipeline with the goal of bringing new, much-needed treatment options to cancer patients.”
The strategic partnership includes the following agreements:
ATAC(R) licensing agreement
- Heidelberg Pharma has granted Huadong exclusive development and commercialization rights for HDP-101 (BCMA-ATAC) and HDP-103 (PSMA-ATAC) for Asia1 and is eligible to receive an upfront payment of USD 20 million (EUR 17.5 million) and milestone payments of up to USD 449 million (EUR 400 million), as well as tiered royalties ranging from single to low double digit percentages for each candidate.
- Heidelberg Pharma has granted Huadong an exclusive option for the pre-IND research candidates HDP-102 (CD37-ATAC) and HDP-104 (undisclosed target) in Asia1 with a total deal value of up to USD 461 million (EUR 410 million), plus tiered royalties ranging from single to low double digit percentages for each candidate.
- Huadong also has right of first negotiation to license the next two ATAC(R) candidates for Asia1.
- Huadong becomes the strategic partner in Asia for Heidelberg Pharma’s product development.
Investment agreement
- Huadong intends to make an equity investment in Heidelberg Pharma totaling EUR 105 million, representing 35% of total shares outstanding after the transaction, consisting of a rights issue and a share transfer as outlined below, has taken place.
- Heidelberg Pharma is planning a capital increase in the form of a rights issue of up to EUR 80 million, issuing up to 12,408,649 shares at EUR 6.44 per share, the price of the last funding round in April 2021. The rights issue will be based on a prospectus and use authorized capital. The approval of the prospectus for the rights offering by BaFin[3] will be published in connection with the granting of all other necessary regulatory approvals. Further details of the capital increase will be published in due time.
- Huadong plans to acquire up to 26% of Heidelberg Pharma shares outstanding in the context of the rights issue. To achieve this percentage, the main shareholder dievini and related entities have agreed to transfer their subscription rights to Huadong, and Huadong will assume any unsubscribed shares in the rights issue. Huadong will purchase the necessary number of existing shares from dievini to reach 35% of total shares outstanding following the capital increase.
- The acquisition of shares by Huadong is subject to certain closing conditions, such as foreign trade clearance, Huadong’s exemption from the obligation to make a mandatory offer by BaFin, as well as foreign direct investment (ODI) approval required under Chinese law.
- The closing conditions must generally be satisfied until 27th August 2022 (Long Stop Date). If the necessary public approvals have not been granted by 27th July 2022, Huadong is entitled to extend the Long Stop Date until 27th October 2022, provided that Huadong grants a 12-month loan to the Company in the amount of EUR 10 million at the prevailing market interest rate. dievini would also grant a loan to the Company with the same terms as the loan from Huadong, under the framework of the financing commitment by dievini announced on 17th February 2022.
- If the approvals are not granted by the Long Stop Date, then no shares will be issued to or acquired by Huadong. However, dievini might consider participating in the rights issue and exercise a part of its subscription rights to fulfil partly or in full its financing commitment announced on 17th February 2022.
1] Asia (excluding Japan, India, Pakistan, Sri Lanka): People’s Republic of China, Hong Kong, Macao, Taiwan, South Korea, Indonesia, Singapore, The Philippines, Thailand, Bangladesh, Bhutan, Brunei, Myanmar, Cambodia, Laos, Malaysia, Maldives, Mongolia, Nepal and Vietnam
[2] dievini Hopp BioTech holding GmbH & Co. KG
[3] Bundesanstalt für Finanzdienstleistungsaufsicht (Federal Financial Supervisory Authority)
Conference call invitation
Heidelberg Pharma will host a conference call and live audio webcast to discuss the new partnership on Monday, 28th February 2022, at 1:00 pm CET, which will include a Q&A session. Participants may ask questions by phone or online via the Q&A chat window.
To participate in the conference call by phone, participants may pre-register and will receive dedicated dial-in details to easily and quickly access the call:
Alternatively, those who have not registered in advance, may enter the conference assisted by an operator by dialing one of the following numbers:
Germany: +49 (0) 69 566 037000
United Kingdom: +44 (0) 203 059 58 69
United States: +1 760 294 1674
To access the live audio webcast online, please use the following link: https://services.choruscall.com/mediaframe/webcast.html?webcastid=7e9glHUV
About Heidelberg Pharma
Heidelberg Pharma AG is a biopharmaceutical company based in Ladenburg, Germany. It is an oncology specialist and the first company to develop the toxin Amanitin into cancer therapies. The proprietary technology platform is being applied to develop the Company’s proprietary therapeutic ATACs as well as in third-party collaborations. Proprietary lead candidate HDP-101 is a BCMA ATAC in clinical development for multiple myeloma. HDP-102, a CD37 ATAC for non-Hodgkin’s lymphoma and HDP-103, a PSMA ATAC for metastatic castration-resistant prostate cancer, are in preclinical testing.
Heidelberg Pharma AG is listed on the Frankfurt Stock Exchange: ISIN DE000A11QVV0/ WKN A11QVV / Symbol HPHA. More information is available at http://www.heidelberg-pharma.com/.
#HeidelbergPharma
About Huadong Medicine
Huadong Medicine Co., Ltd. (SZ.000963) is a leading Chinese pharmaceutical company based in Hangzhou, China. Founded in 1993, Huadong Medicine has fully integrated R&D, manufacturing, distribution, sales, and marketing capabilities. Huadong Medicine’s product portfolio and pipeline are specialized in oncology, immunology, nephrology, and diabetes. The company has 11,000 employees and one of the most extensive commercial coverage and marketing capabilities in China. ‘Patient Centered, Science Driven’ is Huadong Medicine’s value. For additional information, please visit www.eastchinapharm.com/en.
Disclaimer for Heidelberg Pharma
This communication contains certain forward-looking statements relating to the Company’s business, which can be identified by the use of forward-looking terminology such as “estimates”, “believes”, “expects”, “may”, “will”, “should”, “future”, “potential” or similar expressions or by a general discussion of the Company’s strategy, plans or intentions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause actual results of operations, financial condition, performance or achievements, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, prospective investors and partners are cautioned not to place undue reliance on such forward-looking statements. Heidelberg Pharma disclaims any obligation to update any such forward-looking statements to reflect future events or developments.
FIRE Fit To Light Up Oman Fitness Scene
Horizon Fitness announces opening of exciting new boutique fitness concept in Oman
MUSCAT, OMAN – Media OutReach – 28 February 2022 – Horizon LLC (Horizon) today announced the addition of FIRE Fit to its portfolio of brands, bringing a new and exciting boutique fitness experience to Oman which is sure to set the local fitness scene alight. Scheduled to open in the second half of 2022, the five-studio boutique gym will offer a number of signature programmes across several modalities including boxing, cycling, HIIT and a specialist personal training studio.

FIRE Fit makes it debut in Muscat as a result of a master licensing agreement between Evolution Wellness Group (Evolution Wellness), Asia’s leading fitness and wellness group, and Horizon Fitness, the largest fitness operator in Oman. The agreement gives Horizon Fitness exclusive rights to open FIRE Fit boutique gyms throughout Oman, beginning with the initial development of a flagship five-studio location.
Azzan Albarram, Chief Executive Officer, Horizon said: “We are delighted to partner with Evolution Wellness Group in this venture and grow our portfolio of fitness brands. The Omani fitness landscape has experienced substantial growth especially in the last decade, owing to growing awareness and consciousness about the need to lead an active lifestyle not just for good health but for overall quality of life, and we feel that there is a lot of opportunity to add vibrancy to the local fitness scene. Having been on the lookout for the right addition to our portfolio for some time, the FIRE Fit brand was the only option that ticked every box for us, because it allows us to deliver a range of specialist classes in dedicated studios, all at the one location, meaning we have maximum market appeal. Along with the personal training option, we feel these unique selling points are the perfect complement to Horizon’s portfolio.”
“Evolution Wellness is excited to announce the award of a master license with the leading fitness brand in Oman and a significant player in the regions fitness industry”, said Nad Myan, Director of Growth & Innovation, Evolution Wellness. “We are committed to working closely with the Horizon team to ensure that the FIRE FIT brand is brought to life as a true reflection of such an exciting brand with our unique signature programs and incredible fan engagement. The unique FIRE FIT proposition and extensive support structure allows us to successfully scale around the world at rapid pace”, continued Nad.
FIRE Fit Oman will introduce fitness fans to a number of proprietary Signature programmes, namely:
- FORCE
Forge that body you want with this powerful 45 minutes of strength training and HIIT session. Equipment, bodyweight and whatever it takes to get your muscles working and you walking out stronger, bolder.
- STRIDE
It’s the FIRE starter, the original, the one that sparked us off. It’s a cardio blast with HIIT treadmill bursts that work your whole body. 45 minutes of feeling the burn. Then a yoga finisher and that major metabolic boost.
- STRIKE
Fight club meets night club. It’s all the power of old school kickboxing, drilled and skilled in a high-energy, high intensity group atmosphere. So tick off that cardio workout and FIRE off that stress relief in just one 45-minute session.
- RIDE
The latest playlist. Relentless trainers. And one spin class that will hit everything. Charge through 30 minutes of extreme terrain, climbing, sprinting and making that grit last all the way to the finish line. That’s not it, move on to 15 minutes of functional training that will FIRE up your upper body, core and legs – leaving no muscles untouched. Then cool down with a quick yoga set for one well rounded indoor cycling workout.
- REVOLUTION
Ignite a real change with FIRE Revolution. We’ve tailored this 45-minute high-intensity programme to help you spark your FIRE with 3 fiery boosts. 1st off, the tech. At Revolution, you’ll work out with our smart fitness reader, Miopod that accurately tracks your heart rate and your progress. 2nd, no class is ever the same. Each time you show up, it’s a different workout to get you fired up. Lastly, you’re never alone. REVOLUTION is all about the community, grinding and sweating together. With a combo like that, there’s no doubt you’ll have a blazing time.
For more information about FIRE Fit Oman, please visit https://bit.ly/FIREOman.
For more information about how you can start a FIRE of your own, please visit https://bit.ly/FIREFitInvest2022.
About FIRE Fit
FIRE Fit aspires to be the world’s hottest boutique gym brand whose workouts promise to fire you up so you can take on life’s challenges with guns blazing. Our inspiring Rockstar trainers deliver some of the most innovative fitness class experiences within a boutique gym environment in the market today, designed to forge, sculpt and shape every body. Start living a life on FIRE.
The FIRE Fit brand is owned by Evolution Wellness Group, Asia’s leading health and wellness group, and is available to license. Enquire at https://firefitgroup.com/invest.
#FIREFit
About Horizon LLC
Horizon LLC was established in 1997 and will be completing 25 years of operation in February 2022. Horizon LLC our MISSION is to continue to be the Sultanate of Oman’s House of fitness brands provider. We are committed to promoting a healthy lifestyle through convenient, state-of-the-art equipment, programs, and fun activities that provide an exceptional and unique value to our community.
During this period Horizon has developed into a formidable force in the Fitness Industry not just in Oman but across the GCC, operating within a totally immature market back in the 90’s, leading to 25 years of operations which resulted to the growth and adapting to the international industry standards which lead to IHRSA studies and figures showing increased penetration year on year + long term growth potential in all sectors Oman and the GCC.
Currently Horizon LLC operates 21 Horizon locations between male/mixed/ladies and 3 Jasmine Boutique ladies only locations,
Horizon LLC will continue its aggressive expansion plans over the next 5 years with plans to entering the Performance market segment and also the boutique market, whilst continuing to grow their core Horizon and Jasmine brands as well, further establishing ourselves as Oman’s number 1 Health & Fitness Company.
#HorizonLLC
About Evolution Wellness Group
Established in 2017, Evolution Wellness is Asia’s leading health and wellness group with a vision to build a comprehensive wellness ecosystem. Its diverse portfolio of highly complementary brands spans the spectrum of fitness offerings from high value low price (HVLP), to full service and premium boutique gyms, virtual fitness, connected fitness, wellness and a subscription-based SaaS membership management system.
Besides its core business as owner and operator of Asia’s largest network of wholly- owned fitness clubs, Evolution Wellness also offers an attractive licensing programme for its HVLP brand GoFit and premium boutique brand FIRE Fit, joint venture opportunities and management consultancy for its wellness brand, Fivelements.
For more information about Evolution Wellness, portfolio brands, and services, please visit www.evolutionwellness.com.
#EvolutionWellness
The issuer is solely responsible for the content of this announcement.