Upon completion of this acquisition, Lim Sew Lei and Liw Chai Yuk, existing shareholders of Lady Paradise, will own 11.21% of the enlarged IEV Holdings.
SINGAPORE (Sept 16): IEV Holdings, which has struggled for years to turn around its engineering business, is acquiring Lady Paradise, a provider of pre- and post-natal care, for RM3.5 million ($1.2 million).
IEV plans to pay for this acquisition by issuing 46.16 million new shares at 2.5 cents each.
