Oasis Home's (KLSE:OHM) unit, Oasis Wellness International, signed a joint venture deal with GIMCare (M) to form a new unit, OG Alliance.

The new JV company will have a capital of 500,000 ringgit, and will focus on e-commerce sales and R&D of wellness products, according to a Monday Malaysian bourse filing.

Oasis Wellness will hold a 51% stake in venture, while GIMCare (M) will own the remaining 49%.

The consumer lifestyle products seller will finance the deal via internally generated funds, it said.