BOUSTEAD TO REDUCE STAKE IN PHARMANIAGA UNDERTAKES SIGNIFICANT CORPORATE EXERCISES
KUALA LUMPUR, July 6, 2011 – Boustead Holdings Berhad (BHB), in an effort to comply with listing requirements to pare down its current stake of 97.81% in Pharmaniaga Berhad (Pharmaniaga), will undertake a series of corporate exercises which will have a positive value creation for existing shareholders of BHB and Pharmaniaga. The corporate exercises consist…