Pharmaniaga Bhd told to come up with a business recovery plan, Parliament told

KUALA LUMPUR: Pharmaniaga Bhd, which is owned by the Defence Ministry's Armed Forces Fund Board (LTAT), has been told to come up with a business recovery plan to ensure continuity, the Parliament heard.

Defence Minister Datuk Seri Mohamad Hasan said that what happened to Pharmaniaga, which saw the company’s largest ever quarterly net loss of RM664.39mil in the fourth quarter ended Dec 31, 2022, was due to accounting issues.