Eu Yan Sang to get US$35m via JV with HCare to expand into China

Singapore

EU Yan Sang International (EYSI) will receive funding of up to US$35 million from HCare Investments Holding Ltd through a joint venture agreement, as the health and wellness group moves to make further inroads in China.

In a filing to the Singapore Exchange (SGX) on Friday, EYSI said HCare, managed by investment and business consulting firm CareCapital Advisors, will provide initial funds of US$10 million. To support future business growth, HCare will also inject a further sum of up to US$25 million.