PHARMA

0.360

+0.005 (+1.4%)

OTHERS UPDATE ON THE CONCESSION AGREEMENT DATED 16 MARCH 2011 BETWEEN THE GOVERNMENT OF MALAYSIA (REPRESENTED BY THE MINISTRY OF HEALTH OF MALAYSIA) AND PHARMANIAGA LOGISTICS SDN BHD (Announcement pursuant to Chapter 9 of Bursa Malaysia Securities Berhads Main Market Listing Requirement)

PHARMANIAGA BERHAD

Type Announcement
Subject OTHERS
Description
UPDATE ON THE CONCESSION AGREEMENT DATED 16 MARCH 2011 BETWEEN THE GOVERNMENT OF MALAYSIA (REPRESENTED BY THE MINISTRY OF HEALTH OF MALAYSIA) AND PHARMANIAGA LOGISTICS SDN BHD 
(Announcement pursuant to Chapter 9 of Bursa Malaysia Securities Berhads Main Market Listing Requirement)

Pharmaniaga Berhad wishes to announce that the period for the Concession Agreement dated 16 March 2011 (“the Concession Agreement”) in relation to purchase, store, supply and distribution of the Approved Products to the Public Sector Customers in accordance with the terms and conditions stipulated therein will expire on 30 November 2019.Pharmaniaga has taken the appropriate action in securing the extension of the Concession Agreement. However, to-date Pharmaniaga has yet to receive any official notification and/or decision from the Ministry of Health.Pending official notification and/or decision from the Ministry of Health, it is business as usual for the Company and we will continue to provide our best services for the rakyat, consistent with our tagline Passion for Patient.Further announcement will be made concerning the Concession Agreement once the Government has made the decision.

This announcement is dated 1 November 2019.




Please refer attachment below.



Announcement Info

Company Name PHARMANIAGA BERHAD
Stock Name PHARMA
Date Announced 01 Nov 2019
Category General Announcement for PLC
Reference Number GA1-01112019-00044