Sunzen Buys 10pct of Farmer International, Vendors Guarantee Minimum Net Profit of RM9.6mil

KUALA LUMPUR: Sunzen Biotech Bhd’s 70 per cent-owned Ecolite Biotech Manufacturing Sdn Bhd is buying a 10 per cent stake in Farmer International Holdings Sdn Bhd for RM4.32 million or RM43.20 per share.

Sunzen today signed a subscription agreement (SA) with Farmer International, Teo Chin Hong, Teo Chin Wang and Teo Soon Huat for the acquisition.

Farmer International has three wholly-owned namely Herbal Farmer Retail Sdn Bhd, BHH Products Sdn Bhd, and Sensei Yo Integrated Sdn Bhd.

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