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Business

Boustead gets nod to buy Pharmaniaga controlling stake

PETALING JAYA: Boustead Holdings Bhd has obtained the approval from the Securities Commission’s equity compliance unit to acquire the controlling stake in Pharmaniaga Bhd.

Boustead had proposed to acquire 86.8% of Pharmaniaga from UEM Group Bhd for RM534mil cash, or RM5.75 per share.

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