According to Zhitong Financial App, Modern Health Technology (00919) announced that on February 8, 2024, the buyer Splendid Overseas Pte Limited (an indirect wholly-owned subsidiary of the company) and the seller F1 Autos Pte Limited signed a car sales agreement for the purchase. The cost was SGD 1.22 million. According to reports, the object of the purchase was a Rolls-Royce Dawn V12 Auto.
According to the announcement, the purpose of purchasing the car was to provide better customer service to the Group's valued customers and/or potential customers through improved shuttle service. After considering the quality and popularity of Rolls-Royce as a top high-end car brand and its models, the directors believe that the purchase matters are beneficial to the Group. This helps to enrich the customer experience and enhance the Group's brand image, thereby strengthening customer relationships and contributing positively to the Group's brand promotion and development.