Boustead Acquires Pharmaniaga for RM534 Million
KUALA LUMPUR, June 11, 2010 – Boustead Holdings Berhad (Boustead Group) is set to strengthen its position in the pharmaceutical industry via the proposed acquisition of Pharmaniaga Berhad (Pharmaniaga), a member of UEM Group Berhad (UEM). The proposed exercise will involve the Boustead Group acquiring 86.81% of the issued and paid-up share capital of Pharmaniaga…