EUDA Health Holdings Limited Completes Acquisition of CK Health Plus Sdn Bhd, Expanding into Direct Selling Holistic Wellness Products in Southeast Asia

Singapore, May 08, 2024 (GLOBE NEWSWIRE) — EUDA Health Holdings Limited (EUDA or the Company) (NASDAQ: EUDA), a Singapore-based health technology company that operates a first-of-its-kind Southeast Asian digital healthcare ecosystem, proudly announces the successful completion of its acquisition of CK Health Plus Sdn Bhd (CK Health) today. This strategic move marks an expansion of EUDA’s presence in Malaysia and underscores its commitment to revolutionizing the healthcare landscape in the region.

CK Health is a direct seller of holistic wellness consumer products in Malaysia, committed to delivering high-quality products that promote holistic well-being. With this acquisition, EUDA gains access to CK Health’s distribution network, customer base, and expertise in the wellness industry.

EUDA’s CEO Dr Kelvin Chen expressed excitement about the acquisition, stating, “We are thrilled to welcome CK Health into the EUDA family. This acquisition aligns seamlessly with our mission to empower individuals to lead healthier lives through innovative technology and holistic wellness solutions. Together, we will leverage our combined strengths to drive positive health outcomes and create lasting impact in the communities we serve.”

Management believes key benefits and synergies resulting from the acquisition include:

1. Market Expansion: EUDA’s acquisition of CK Health provides entry into the Malaysian market, a key strategic move that enhances the Company’s regional presence and accelerates its growth trajectory.

2. Diversification of Product Portfolio: By integrating CK Health’s range of holistic wellness products, EUDA enriches its product offering, catering to a broader spectrum of health needs and preferences.

3. Enhanced Distribution Channels: CK Health brings a network of distributors and retailers, enabling EUDA to reach a wider audience and drive market penetration effectively.

4. Complementary Expertise: The combination of EUDA’s technological prowess and CK Health’s industry knowledge creates a synergistic partnership poised for innovation and excellence in the health and wellness sector.

EUDA remains committed to leveraging this strategic acquisition to drive value for its stakeholders, including customers, partners, and shareholders. With a shared vision for empowering individuals to take control of their health and well-being, EUDA and CK Health are poised to…