For the half year ended June 30, Monsoon reported earnings of $1.07 million, and as at June 30, it had a net asset value of $145,888.
Beauty service chain Mary Chia Holdings is paying $3.05 million to buy 80% of hairdressing chain Monsoon Hairdressing.
The seller, Addy Lee, also known as Lee Eng Tat, will receive his payment in equal parts cash and new Mary Chia Holdings shares.
