** Shares of Viva Leisure rise as much as 5.3% to A$1.4325

** Stock posts largest intraday pct gain since Nov. 5

** Health and fitness club provider says its unit Plus Fitness International has executed an area development agreement in Singapore

** Agreement to secure additional franchise groups and expand coverage in Southeast Asia

** Unit has sold a franchise comprising five locations in Singapore

** Co says agreements in Malaysia and the Philippines are expected to be finalised shortly

** Viva down 6.1% YTD as of 0307 GMT

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))