Hovid sells India unit stake for RM5.6mil

  • Business Premium
  • Wednesday, 09 Apr 2014

PETALING JAYA: Hovid Bhd is disposing its 51% stake in Indian pharmaceutical and consumer products company Biodeal Pharmaceuticals Pte Ltd (BPPL) for 102 million Indian rupees (RM5.6mil).

In a filing with Bursa Malaysia, Hovid said it would make RM986,000 from the share sale.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Hovid Bhd


Next In Business News

Portugal's EDP betting on floating solar farms in Southeast Asia Premium
Oil price rises more than 2% as supply outages outweigh recession fears Premium
Wall St Week Ahead-Investors brace for pivotal July after dismal first half Premium
Thai Airways aims for 2024 completion of restructuring Premium
Labour issues dominate businesses Premium
Education needs to be realigned to meet industry demand Premium
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess Premium
GST net collection may not be as high as thought Premium
Powerwell puts business back on track Premium
Greenyield’s Papua New Guinea acquisition explained Premium

Others Also Read