KUALA LUMPUR: BOUSTEAD HOLDINGS BHD [] plans to pare down its shareholding in PHARMANIAGA BHD [] from 97% to 75% or below to fulfill local listing regulations by the end of the 3Q of this year.
Its chairman Tan Sri Lodin Wok Kamaruddin said Boustead might make a private placement to interested parties or undertake schemes involving existing shareholders or personnel.
"These are possibilities," he told reporters after Pharmaniaga's AGM here on Tuesday, June 7.
He said Pharmaniaga could contribute some 10% of Boustead's pretax profit in current financial year.
The contribution could rise to 15% within five years as Pharmaniaga expands regionally.
Its chairman Tan Sri Lodin Wok Kamaruddin said Boustead might make a private placement to interested parties or undertake schemes involving existing shareholders or personnel.
"These are possibilities," he told reporters after Pharmaniaga's AGM here on Tuesday, June 7.
He said Pharmaniaga could contribute some 10% of Boustead's pretax profit in current financial year.
The contribution could rise to 15% within five years as Pharmaniaga expands regionally.
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