OSIM quashes reports of potential GNC franchise sale

Media reports are inaccurate.

Lifestyle company OSIM International rejected reports that it is mulling the sale of its GNC franchise.

OSIM released a statement to the SGX after Mergermarket reported that its subsidiary, ONI Global, is in talks to sell its GNC franchise.

OSIM has a sizeable stake in the Global Active group, GNC's franchisee for Singapore, Malaysia, Brunei and China. It is principally engaged in the marketing and distribution of nutraceutical products.

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