Bioalpha buys Guizhou for RM13mil

PETALING JAYA: Bioalpha Holdings Bhd has completed its acquisition of China-based supply chain management services provider Guizhou Hongbo Supply Chain Co Ltd for RM12.85mil.

In a filing with Bursa Malaysia, ACE Market-listed Bioalpha said Guizhou Hongbo’s operations included supply chain management services that involved food processing and productions, food management, general trading which includes import and exports as well as agricultural-related services and warehousing.

“The acquisition will provide Bioalpha group the opportunity to participate in health food and ingredients supply and to facilitate trading activities in Guizhou province,” it said.

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