Ho Wah Genting Enters Organic Skincare Market With RM2.4m Acquisition
Ho Wah Genting Enters Organic Skincare Market With RM2.4m Acquisition
Ho Wah Genting Bhd (HWGB) has entered a conditional share sale agreement to acquire a 55% equity interest in Advanced Apotheke Sdn Bhd, specialising in organic skincare products.
Ho Wah Genting Bhd（HWGB）已签订有条件股票出售协议，收购专门生产有机护肤产品的Advanced Apotheke Sdn Bhd的55％股权。
The RM2.4 million acquisition replaces a previous memorandum of understanding.
240万令吉的收购取代了之前的谅解备忘录。
Advanced Apotheke, established in 2010, operates through various channels and carries renowned brands like Neal's Yard Remedies and Jurlique.
Advanced Apotheke成立于2010年，通过各种渠道运营，旗下知名品牌，例如Neal's Yard Remedies和Jurlique。
The acquisition will be funded through a proposed fund-raising exercise by HWGB's holding company.
此次收购将通过HWGB控股公司的拟议筹款活动提供资金。
The move aligns with HWGB's growth strategy in the healthcare sector and is expected to contribute positively to future earnings.
此举符合HWGB在医疗保健领域的增长战略，预计将为未来的收益做出积极贡献。
The acquisition is anticipated to be completed by the first quarter of 2026, positioning HWGB in the organic skincare industry and reflecting its commitment to sustainable business practices.
此次收购预计将于2026年第一季度完成，使HWGB进入有机护肤行业，并反映其对可持续商业行为的承诺。