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.