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Business

Offer for Hovid deemed fair and reasonable

PETALING JAYA: The takeover offer for pharmaceutical firm Hovid Bhd by its major shareholders at 38 sen per share has been deemed “fair and reasonable,” according to the company’s independent adviser AmInvestment Bank.

Business

NetEase to spend about US$11bil on goods for e-commerce unit

BEIJING: NetEase Inc, China’s second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the US, Europe and Japan to sell to local consumers.

Business

Bioalpha seeks out international markets through Alibaba platform

KUALA LUMPUR: Bioalpha Holdings Bhd, which has a gold supplier status on Alibaba’s business-to-business e-commerce platform, aims to increase awareness of its products and services globally, with the objective to further expand its export sales.

Business

Hovid a standout among small takeover targets

JOINING the list of recent takeover attempts of small listed companies, Main Market-listed pharmaceutical company Hovid Bhd stands out, although for the rather high condition its offerors have imposed.

Corporate News

Herbalife soars on buyback, pressures billionaire Ackman's short bet

SAN FRANCISCO: Herbalife Ltd shares jumped 11 percent on Friday to their highest since 2014 after the company said it was buying back about 7 percent of its stock, a potential blow to activist investor Bill Ackman, who has bet against the dietary supplements seller.

Corporate News

Bioalpha to market health supplements to the police

KUALA LUMPUR: Bioalpha Holdings Bhd’s unit Mediconstant Pharmacy Sdn Bhd (MPSB) plans to market its products on the Royal Malaysia Police premises.

Business

Hai-O share price flying high

PETALING JAYA: Unnoticed by many, the share price of wellness and multi-level marketing (MLM) company Hai-O Enterprise Bhd has continued to rise, fuelled by a growing distributor base and strong demand for its food and beverage as well as fashion and beauty products.

SMEBiz

Pharmacy focuses on personalised care and medication packaging for easier consumption

ALPRO Pharmacy may seem like your ordinary pharmacy next door, but it goes beyond just dispensing medicine and advice on treatment of minor conditions and healthy living.

Business

Poultry stocks to gain from lower feedstock prices?

PETALING JAYA: The decrease in corn and soybean prices due to a bumper harvest in the United States, coupled with the slight appreciation of the ringgit against the greenback, will result in cost-saving for the local poultry players.

Business

Bioalpha set to gain from herbal park

PETALING JAYA: Integrated health supplements company Bioalpha Holdings Bhd’s Pasir Raja Herbal Park (PRHP) in Terengganu is expected to generate revenue for the company from as early as this year.