CCM to sell pharmaceutical operations to subsidiary


PETALING JAYA: Chemical Company of Malaysia (CCM) Bhd plans to sell six pharmaceutical units in Malaysia, the Philippines and Singapore to 73.7%-owned subsidiary CCM Duopharma Biotech Bhd for RM133.3mil.

Proceeds from the disposal would be reinvested in its subsidiary, CCM told Bursa Malaysia.

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Business , CCM , CCM Duopharma

   

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