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CCM Duopharma set to acquire six companies to become one of Malaysia’s largest pharma firms

( March 16, 2015, 03:16 GMT | Insight) -- CCM Duopharma Biotech Bhd. is set to become one of Malaysia's largest pharmaceutical manufacturers following its purchase of six pharmaceutical units from parent company, Chemical Company of Malaysia Bhd., for RM245.1 million (US$66 million), Malaysia Dige...CCM Duopharma Biotech Bhd. is set to become one of Malaysia’s largest pharmaceutical manufacturers following its purchase of six pharmaceutical units from parent company, Chemical Company of Malaysia Bhd., for RM245.1 million (US$66 million), Malaysia Digest reported. The deal will see CCMD taking over CCM Pharmaceuticals Sdn Bhd, CCM Pharma Sdn Bhd, Innovax Sdn Bhd, Upha Pharmaceutical Manufacturing (M) Sdn Bhd, CCM International (Philippines) Inc., and CCM Pharmaceuticals (S) Pte Ltd. CCMD will undertake a renounceable rights issue of 139.48 million new shares at RM1.40 each to raise RM195.27 million ($52.6 million) to fund the acquisition....

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