David Ho transformed the company from a manufacturer of traditional herbal tea business to a well-known manufacturer of pharmaceutical products
KUALA LUMPUR: Hovid Bhd’s managing director David Ho Sue San and his private equity backer joint offer to buyout the company’s minority shareholder and delist the stock has become unconditional.
CIMB Investment Bank Bhd, in a statement today on behalf of the offerors, said Ho and Fajar Astoria Sdn Bhd now have a combined stake of 68.2% in Hovid.
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