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usdt支付接口(www.trc20.vip)_M&A on the cards for Pharmaniaga

usdt支付接口(www.trc20.vip)_M&A on the cards for Pharmaniaga

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,“We are discussing with a few parties at the moment – we can’t reveal this as we have signed the non-disclosure agreement. “We will announce this at a time when we are certain about it. We target to announce this before the year ends,” group managing director Datuk Zulkarnain Md Eusope said at the press briefing on its first quarter financial performance.

PETALING JAYA: Pharmaniaga Bhd aims to announce a merger and acquisition (M&A) deal by the end of the year.

According to the largest pharmaceutical group in the country, it is in talks for such a deal to sustain its financial performance as it will soon normalise from the extraordinary gains that it received during the Covid-19 pandemic.

“We are discussing with a few parties at the moment – we can’t reveal this as we have signed the non-disclosure agreement.

“We will announce this at a time when we are certain about it. We target to announce this before the year ends,” group managing director Datuk Zulkarnain Md Eusope said at the press briefing on its first quarter financial performance.

It is learnt that the group is considering acquiring a fast-moving consumer goods operator and a merger with a pharmaceutical logistics company.

“For us to grow fast in certain areas, we are looking for acquisitions to increase our revenue and profitability – this is our main focus. But at the same time, we are also looking for businesses that are related to what we are doing now,” Zulkarnain said.

“For example, let’s say we would like to acquire a bio-equivalent company – it is because whenever we produce a generic drug, we have to conduct a bio-equivalent study.

“We can have a more complete value chain if we have this capability (in-house). This is just an example,” he said.

The group is also able to depend on its consumer healthcare segment, which includes supplements, to support sales.

Meanwhile, the group is in “very serious discussions” to sell its Covid-19 vaccines to the African continent which has a population of 1.2 billion.

“The vaccination rates there are very low – in some areas it is not even 5% or 20%. We are discussing with the International Islamic Development Bank which can assist the Organisation of Islamic Cooperation countries in Africa,” he said.

“Seven embassies from the African nations had met us to discuss about this. If this is successful, then our revenues for this financial year (FY) will be similar to FY21,” Zulkarnain added.

The group is also able to depend on its consumer healthcare segment, which includes supplements, to support sales.

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