Asia Digest: IEV Holdings acquires Lady Paradise; M17 Group buys MeMe Live

Photo: Tanaphong Toochinda/unsplash

Singapore-based investment holding company IEV Holdings Limited has acquired Lady Paradise Sdn Bhd in a bid to expand its operation into the postpartum care business. In a separate development, Taiwan-based social networking entertainment group M17 Group has acquired MeMe Live.

IEV Holdings acquires Lady Paradise Sdn Bhd

Singapore-based investment holding company IEV Holdings Limited has acquired Lady Paradise Sdn Bhd, the oldest post-natal confinement care centre in Malaysia, to expand its business to cover mothers and babies, according to an announcement.

The company is also planning to build two centres, one in Malaysia and the other in Singapore by 2020. The Singaporean centre will be a luxury complex equipped with experienced staff who will offer mothers and babies personal care.

Going forward, IEV Holdings is looking to expand its operation in non-Asian countries with Australia being one of its target regions.

Established in 1986, IEV Holdings Limited provides engineering products and services for the offshore and onshore oil and gas industry. Headquartered in Malaysia, IEV is listed on the catalist Board of SGX.

The company operates through four segments including offshore engineering, mobile natural gas, exploration and production, and renewable energy. It currently has foreign subsidiaries in Singapore, Indonesia, Vietnam, Hong Kong and India, apart from its headquarters Malaysia.

M17 Group acquires MeMe Live

Taiwan-based social networking entertainment group M17 Group has acquired MeMe Live, a live streaming platform where FunPlus has an investment in, according to an announcement.

With the transaction, M17’s current market share of the live streaming industry in developed Asian region stands over 60 per cent.

The acquisition will enable M17 to expand its global footprint and accelerate its sprint towards annual group revenues of over $1 billion.

Established in April 2017, M17 Group has been focusing on investments in content such as music livestreaming, variety shows and live commerce, with a focus on Japan, Taiwan and Hong Kong.

Upon the completion of the acquisition, 17 Media and MeMe Live will continue to operate independently while exploring synergies through cross-platform collaborations.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.