DC Healthcare Holdings Berhad (KLSE:DCHCARE) agreed to acquire I Bella Sdn Bhd from Then Yen Tsing and Chan Yok Peng for MYR70 million on November 21, 2023. DC Healthcare intends to finance the MYR15 million of the Cash Consideration through the IPO proceeds pursuant to the Proposed Variation. The remaining balance of MYR20 million of the Cash Consideration shall be funded via the Group?s internally generated funds and/or bank borrowings, the exact quantum of which will be determined by the Board at a later stage depending on funding requirements of the Group at the relevant point in time.

The Proposals are subject to Bursa Securities approval and shareholders of DC Healthcare. The Proposals is expected to be completed in the first quarter of 2024Eco Asia has been appointed as the independent expert for the Proposed Acquisition, M & A Securities Sdn Bhd acted as financial advisor to DC Healthcare Holdings Berhad (KLSE:DCHCARE)