In addition, the retained earnings of iFocus for the year ended Dec 31 2024 will be paid to Ng and Kuo as dividends.
Natural Cool Holdings will acquire the remaining 49% it does not yet hold in iFocus, which provides products used in estate monitoring systems and other areas.
Natural Cool plans to pay the sellers, Ng Choon Tiong and Kuo Wen Siang, via two tranches of $1.74 million and $1.2 million respectively for a total of $2.94 million.
