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Sovereign Wealth Funds Briefing - Categorized | Market

Pharmaniaga fits into Boustead’s growth plan

Posted on 16 August 2010

From Thestar.com.my: It was an open secret that Khazanah Nasional Bhd-controlled UEM Group wanted to sell its stake in Pharmaniaga Bhd and had been looking for the right buyer in the past year or so. Pharmaniaga is a steady, profitable business that has never lost money since it went public a decade ago, but was considered not the right fit for UEM or Khazanah.

On the other hand, Boustead Holdings Bhd chief executive Tan Sri Lodin Wok Kamaruddin needs an established name to launch the group’s foray into the healthcare business in a big way…………………………………….Full Article: Source

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