Singapore eDevelopment acquires 53% stake in network marketing distributor of health supplements

SINGAPORE (Feb 14): Singapore eDevelopment says wholly-owned subsidiary in Singapore, Health Wealth Happiness, formerly known as SeD Global Investment, has acquired a 53% stake in iGalen International Inc. for a total consideration of US$53.

iGalen International has a wholly owned subsidiary, iGalen USA LLC. iGalen International and iGalen USA were acquired to conduct the business of distributing health supplements through network marketing.

iGalen International’s remaining 47% share is held by Dr Rajen Manicka, a Malaysian who has long experience in the wellness and holistic health sector.

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