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Pharmaniaga in MoU to buy Indonesian firm for RM86.2mil

PETALING JAYA: Pharmaniaga Bhd has entered into a memorandum of understanding (MoU) with Glenn Rahyu Adli Ariff to buy 100% of PT Errita Pharma, a privately held manufacturer of generic pharmaceutical products based in Bandung, Indonesia, for US$28mil (RM86.2mil).


Johan surges after MUI-linked firm sells 4.25% stake

Shares of Johan Holdings Bhd surged 38% to 20 sen on Friday after a substantial shareholder linked to Malayan United Industries Bhd disposed of 26.5 million shares last week.


Six PRS providers reveal what they have to offer

Six Private Retirement Scheme (PRS) providers tell StarBizWeek how they are making preparations towards this end.


Google CEO reflects on past year in rare dispatch

SAN FRANCISCO (AP) - Now that he has been Google's CEO for a year, Larry Page may be ready to tackle some of the public-relations duties that typically accompany the job.


Things to do before you invest in fitness equipment

IT’S the New Year, and surprise, surprise, you’ve put on a few pounds!


Malaysia-based Hovid seeks US FDA nod for tocotrienols

PETALING JAYA: Investors may have overlooked Hovid Bhd’s pharmaceutical business and efforts to register tocotrienols (a type of Vitamin E) as a US Food and Drug Administration (FDA)-approved drug, said CIMB Investment Bank Bhd in a report.


Cooperative alliance signs MoU to develop chain of pharmacies

ANGKATAN Koperasi Kebangsaan Malaysia Bhd (Angkasa) has found a new friend in Bioalpha Holdings Bhd through its subsidiary, MyAngkasa Holdings Sdn Bhd (MHSB).


Deals of the day-mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:


CIMB Research starts coverage of Pharmaniaga with Add rating

KUALA LUMPUR: CIMB Equities Research has started coverage of Pharmaniaga with an Add rating and target price of RM6.50, which is 51.2% above the last traded price of RM4.30.


Cat cafe opens its doors in Setapak and draws in the crowds

The cat cafe concept has proved to be successful in many coun tries and now can be found in Malaysia.