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Epicentre buys 51% stake in Japan IPL Holdings for S$3.06 million

Move to diversify its business and raise revenue amid soft consumer electronics sector

Published Sun, Feb 12, 2017 · 09:50 PM
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Singapore

APPLE products retailer Epicentre Holdings Limited will invest in a 51 per cent stake in Japan IPL Holdings for S$3.06 million, in a move to diversify its business and bump up revenue amid a soft consumer electronics sector.

The Catalist-listed company said in a Singapore Exchange (SGX) filing on Feb 11 that it would purchase 51,000 ordinary shares from Japan IPL's director Jonathan Lim Zheng Jie and shareholders Chan Lai Choo and Lim Ze-Tian.

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