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CHEMICAL Co of Malaysia Bhd (CCM) plans to venture into pharmaceutical manufacturing operations in Asean countries this year.
MULTI-LEVEL marketing company CNI Holdings Bhd plans to manufacture nutritional products in the next two to three years in a bid to increase its earnings base and product range, said executive director Sam Cheong Chin Tai.
BACKED by a budget of some RM7mil, INS Bioscience Bhd, which produces wheat grass-based health supplements, plans to take its products to China, the United States and West Asian markets later this year.
News briefs on: TSH Resources, Kejuruteraan Samudra Timur, Astro, CB Industrial Product and DXN Holdings.
CNI Holdings Bhd expects double-digit growth in profits this year on the back of a growing direct selling industry, according to executive director Sam Cheong Chin Tai.
Hi-City Bioscience Group Bhd will invest more than RM5mil this year in a new facility in Sungai Bakap to produce healthcare products.
The authorities are expected to introduce rules which will make it easier for biotechnology firms to be listed on Bursa Malaysia while encouraging venture capitalists and other financial intermediaries to be more active in funding biotech ventures.
CAROTECH Bhd shares opened at 47.5 sen on their debut on Bursa Malaysia's Mesdaq market yesterday for a 7.5 sen premium, or about 19%, over the initial public offer (IPO) price of 40 sen each. The stock, which was the day's second most active counter, closed at 50 sen for a 10 sen gain on volume of 18.3 million shares.
DAVID Ho Sue San is about to add another feather to his cap. The man who introduced painkillers in dispersible tablet form to the Malaysian market will see his second company, Carotech Bhd, listed on Bursa Malaysia's Mesdaq market on Friday.
CAROTECH Bhd, which will be listed on the Mesdaq market on Friday, plans to expand its production capacity, said managing director David Ho Sue San.