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Health and Pharmaceutical Sector in Malaysia

Title: CCM, Guardian to dispose of assests
Date: 18-Sep-2004

Chemical Co of Malaysia Bhd (CCM) announced yesterday that it has entered into an agreement with Guardian Pharmacy (M) Sdn Bhd to dispose of identified assests of Prima Health Pharmacy (Retail) Sdn. Bhd. with the exception of the Mid-Valley outlet and the retail division of Unique Pharmacy (Ipoh) Sdn Bhd for cash consideration of RM9 million.

The disposal consideration is on a willing seller/buyer baisis. The disposal is with the realignment of the group's strategy to identify core businesses, it said to Bursa Malaysia Bhd.

Extracted from The New Straits Times 17 Sep. 04



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