JCG Investment sets up JV with Natasha Skincare

CATALIST-LISTED JCG Investment has formed a joint venture with Natasha Skincare, a beauty brand in Indonesia known for its range of"Halal-certified" skincare and beauty products, with more than 100 outlets there.

The JV is expected to commence operations in March 2020 to include a medical aesthetic clinic, medi-spa, chiropractor and physiotherapy services housed within a four-storey centre in the heart of upmarket Bangsar suburb in Kuala Lumpur, Malaysia. The JV has also been appointed the sole distributor in Malaysia and Singapore for products bearing the"Natasha" brand name.

JCG and Natasha will each hold an initial stake of 56 per cent and 44 per cent respectively in the JV company, with the intention for each party to transfer 5 per cent of their shareholdings to future doctors or operators. Eventually, JCG and Natasha will hold a stake of 51 per cent and 39 per cent respectively while doctors or operators will hold the other 10 per cent stake in the JV. JCG's eventual 51 per cent stake shall be for a total consideration of RM765,000 .

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