Health and Pharmaceutical Sector in Malaysia

Title: Pharmaniaga in joint venture with 2 S.African firms
Date: 17-Mar-2005

(15 March 2005 - The Star)

PHARMANIAGA Bhd has agreed to form a joint venture with two companies to take part in a tender for the setting up of a pharmaceutical supply chain in South Africa.

It said the joint venture company, Pharmaniaga SA (Proprietary) Ltd, would be set up with Procon Fischer (Proprietary) Ltd and Corpafrica (Proprietary) Ltd.

Pharmaniaga said in a statement to Bursa Malaysia the joint venture with the South African companies would also explore other business opportunities in related areas.

Procon Fischer's main principal activity is contract management while Corpafrica is an investment holding company established to take advantage of business opportunities in South Africa.

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