Entrepreneurship training provider iBosses Corporation Ltd (ASX:IB8) has acquired a 30% interest in Singapore based wholesale perfume seller SD Perfume for A$600,000.
SD Perfume specialises in conducting large scale perfume events and roadshows and currently has one wholesale and five retail outlets.
The current market valuation of SD Perfume is over A$2 million.
SD Perfume is currently looking to scale up their operations and is counting on its partnership with iBosses to expand into countries such as Malaysia, Cambodia, Myanmar, Thailand, Vietnam and the Philippines.
Established in 2014 and listed on the ASX in September 2015, iBosses is a Singapore-based company providing training and consultancy services for entrepreneurs in Singapore, Hong Kong and Malaysia.
Interestingly, the company’s shares are now trading at $0.40, double the listing price of $0.20 in September 2015.
iBosses had a cash balance of $1,193,000 as on 31 March 2016.
[ Proactive Investor Australia Article ] iBosses Corporation Ltd invests in Singapore perfumery.