Hong Seng to buy 51% stake in Pow Pocket for RM200mil


From left: Pow Pocket Sdn Bhd Senior Advisor Kuhan Arunasalam, Pow Pocket managing director Russell Walter Boyd, Hong Seng Consolidated Bhd non-executive chairman Datuk Seri Dr Chen Chaw Min, Hong Seng group managing director Datuk Seri Teoh Hai Hin and Hong Seng executive director Lester Chin.

KUALA LUMPUR: Hong Seng Consolidated Bhd’s unit HS Bio Sdn Bhd is buying a 51% stake in Pow Pocket Sdn Bhd for RM200mil cash consideration which plans to roll out a nationwide end-to-end private Covid-19 vaccine programme.

In a statement on Friday, it said Pow Pocket’s programme to be known as “Immunise”, is an open and inclusive platform to capture the demand for booster and juvenile vaccination shots in the country.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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Hong Seng , Pow Pocket , HS Bio Supplies , Immunise ,

   

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