KUALA LUMPUR (Yosefardi) – Esthetics International Group Berhad (EIG) and its wholly-owned subsidiary, Esthetics Concept Sdn Bhd, have received approval from the Ministry of Justice and Human Rights of Indonesia for the incorporation of a wholly-owned subsidiary in Indonesia known as PT EIG Dermal Wellness Indonesia (PT EIG DW Indonesia).
The authorised and paid-up share capital of PT EIG DW Indonesia is US$1.2 million and US$0.3 million respectively. The principal activity of PT EIG DW Indonesia is to engage in the general trading, marketing, distribution and importation of skin care products, hair care products, cosmetics, essentials oils and other beauty and wellness products in Indonesia.
The incorporation of PT EIG DW Indonesia is in line with EIG’s strategy to establish a direct presence for its professional distribution business in Indonesia where EIG is currently the exclusive distributor for Dermalogica, the number one professional skincare brand worldwide, as well as Tisserand beauty and aromatherapy products, which is one of the leading aromatherapy brands in Europe.
Meanwhile, Cocoaland Holdings Berhad had on 8 July 2013 registered a wholly-owned subsidiary in the Republic of Indonesia known as PT Cocoaland Indonesia. The issued share capital of PT Cocoaland Indonesia is USD500,000 divided into 500,000 shares of USD1 each. The intended principal activities of PT Cocoaland Indonesia are import and trading of Cocoaland products.