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Hai-O net profit down on lower contribution from MLM business

PETALING JAYA: Wellness and multi-level marketing (MLM) company Hai-O Enterprise Bhd’s net profit fell 12% year-on-year (y-o-y) in its fourth quarter ended April 30, on the back of lower revenue contribution from its mainstay MLM business.

Japan's Takeda clinches $62 billion Shire deal as pharma M&A rolls on

LONDON/TOKYO: Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($62 billion) on Tuesday, the biggest yet in a wave of deals sweeping the drugs industry.

Japan's Takeda clinches US$62b deal to buy drugmaker Shire

LONDON/TOKYO: Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to secure a recommendation.

Making a smooth transition into your retirement years

LET’S face it, retirement can be a life-changing event.

Khazanah promotes Amran Hafiz, Bryan Lim to EDs

KUALA LUMPUR: Khazanah Nasional Bhd has promoted two directors of investments, Amran Hafiz Affifudin and Bryan Lim to executive directors with effect from April 1.

CCM Duopharma aims to move up to second spot

BANGI: CCM Duopharma Biotech Bhd aims to move up its ranking as the second among top 10 pharmaceutical companies in Malaysia by value in the next 24 months from third currently, behind Merck Sharp and Dohme Sdn Bhd and Pfizer Pharmaceutical.

Helping brands build sales loyalty via e-commerce

DENTSU Aegis Network Malaysia has unveiled its latest findings aimed at helping brands build sales loyalty through automatic online replenishment of goods.

Nestle rules out raising stake in L’Oreal

ZURICH: Nestle SA ruled out raising its stake in L’Oreal SA, saying it wants to keep all other options open. While the Swiss company said it’s committed to the French cosmetics maker for now, the move could be the prelude to a divestment.

Sunzen re-enters into share sale agreement with Ecolite

PETALING JAYA: After having resolved past issues that prevented a deal between the vendors of Ecolite Biotech Manufacturing Sdn Bhd and Sunzen Biotech Bhd, the latter has now re-entered into a share sale agreement with Ecolite.

Bioalpha: New products in China to boost export sales

PETALING JAYA: Bioalpha Holdings Bhd aims to leverage on China’s underserved demand for halal health products, as it launched its latest series of health supplements in the country.