PETALING JAYA: Pharmaniaga Bhd has entered into a memorandum of understanding (MoU) with Glenn Rahyu Adli Ariff to buy 100% of PT Errita Pharma, a privately held manufacturer of generic pharmaceutical products based in Bandung, Indonesia, for US$28mil (RM86.2mil).
The company said in a statement to the stock exchange yesterday that it planned to acquire 40,000 shares in PT Errita Pharma from two vendors, Sutjipto Tjengudororo and Hendrijanto Surjosuseno.
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