Hong Seng executive director and HS Bio director Christopher Chan
KUALA LUMPUR: Hong Seng Consolidated Bhd
’s wholly-owned subsidiary, HS Bio Sdn Bhd (HS Bio) has entered into a share sale agreement to acquire a 51 per cent stake in the COVID-19 antibody test kit distributor RZAC Immunesafe Sdn Bhd for RM20 million.
In a statement today, Hong Seng said the total purchase consideration of RM20 million comprises a cash payment of RM2 million and the issuance of 37,800 new ordinary shares in HS Bio worth RM18 million.
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