Quick take: Ta Win rises 4% on pharmaceutical venture

TheStar Tue, Dec 15, 2020 09:13am - 3 years View Original


KUALA LUMPUR: Shares in Ta Win Holdings Bhd gained over 4% in early trade Tuesday following its venture into the pharmaceutical industry.

The copper products manufacturer rose 4.44%, or one sen to 23.5 sen. It is currently the second most actively traded counter with 65 million shares done.

Ta Win will be acquiring a 32.5% stake in pharmaceutical company Royce Pharma Manufacturing Sdn Bhd for RM20.85mil.

The group’s maiden investment into the pharmaceutical industry was made through its wholly-owned subsidiary Ta Win Copper Biohealth Sdn Bhd (TWCB).

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