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Sunzen Biotech seeks to diversify into traditional Chinese medicine, herbal health F&B

Mimi Sabreena 8:17:00 PM Informasi

KUALA LUMPUR (July 7): Animal health specialist Sunzen Biotech Bhd plans to diversify into the manufacturing and trading of traditional Chinese medicine and herbal health food and beverages business, through the acquisition of a 70% equity stake in health and wellness company Ecolite Biotech Manufacturing Sdn Bhd.

In a filing with Bursa Malaysia today, loss-making Sunzen said it has entered into a share sale agreement with Chum Mun Cuan and Lim Poh Chuw to acquire 5.25 million shares in Ecolite, representing a 70% stake, for RM12.05 million.

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