KUALA LUMPUR (Jan 7): Esthetics International Group Bhd (EIG)'s wholly-owned subsidiary EIG Dermal Wellness (M) Sdn Bhd has signed a distribution agreement with France's LPG Systems.

In a filing with Bursa Malaysia today, EIG said the agreement grants EIG the exclusive rights to sell and distribute LPG skin care equipment through the professional beauty and wellness market in Malaysia for a period of one year.

"The agreement will enable EIG to further leverage and expand its distribution of professional skin care and beauty equipment through all appropriate distribution channels, including professional salons," read the announcement.

LPG is one of the leading brands in non-invasive professional skin care equipment from France with over 26 years' experience in professional skin care equipment and worldwide distribution in over 110 countries.

"More than 200,000 consumers receive LPG treatments around the world on a daily basis and LPG's patented technology has been validated by more than 128 scientific studies," said EIG.

With focused and prudent sales and marketing efforts and barring unforeseen circumstances, the agreement is expected to positively contribute to future profits, earnings per share and net assets of EIG.

Skin care and wellness products distributor EIG saw its share price close 4 sen or 4.44% lower today to 86 sen, with a market capitalisation of RM159.62 million.

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