The Business Times
business-time-50

Novena Global goes beyond aesthetics services in merger with China hairdressing firm

google-preferred-sourceAdd BT as a preferred source

Claudia Tan HS

Published Tue, Jul 9, 2019 · 09:50 PM

    Singapore

    HOMEGROWN Novena Global Lifecare is taking its business beyond aesthetics healthcare to hairdressing by merging with China's Xingkeduo.

    The marriage, which will result in a merged entity worth US$350 million (S$476 million), gives the Singapore aesthetics chain immediate access to 100 hairdressing outlets in China's first- and second-tier cities, along with Xingkeduo's technology and e-commerce platform.

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Hong Kong youth no longer see a stable job and a lifetime of work as the only life goal – instead, they place greater emphasis on freedom and quality of life.

    Not in education, employment or training: Why more Hong Kong youths are opting out of work

    Buntono is accused of possessing properties that, in part, represent his benefits from income tax evasion, including a Lamborghini Aventador similar to the one pictured.

    Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering

    Know what you’re retiring to, not just what you’re retiring from. Retirement is a good time to rebuild healthy habits, such as exercise.

    How I knew I was ready to retire at 50

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More