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South Korean firm keen to buy stake in Malaysia's Caring Pharmacy


Caring Pharmacy is a retail chain established in 1994 by five pharmacists from Universiti Sains Malaysia. It is the fastest-growing pharmaceutical retail chain and expected to open between 10 and 12 stores in 2018. Now it has 110 outlets in the country.

Caring Pharmacy is a retail chain established in 1994 by five pharmacists from Universiti Sains Malaysia. It is the fastest-growing pharmaceutical retail chain and expected to open between 10 and 12 stores in 2018. Now it has 110 outlets in the country.

PETALING JAYA: Caring Pharmacy Group Bhd, the local pharmaceutical retail chain with 110 outlets in the country, is said to have attracted the interest of a South Korean foreign equity firm.

Sources said the private equity firm that has interest primarily in companies with a specialised retail chain was keen on taking up a substantial block of shares in Caring Phamarcy.

Corporate News , Markets , M&A , Caring , Pharmacy , Korea

   

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