Peterlabs catches Fatfish Ventures
Lau: We like Peterlabs for its stable and profitable animal health and pharmaceutical business that enjoys an annual revenue growth of 5 to 10%.
PETALING JAYA: Low profile Peterlabs Holdings Bhd rarely makes headlines but the entry of investment firm Fatfish Ventures Sdn Bhd is likely to change that.
Its parent company, Fatfish Internet Group Ltd, which is listed on the Australia Securities Exchange and has plans to float another firm on Sweden’s Stockholm Stock Exchange, had first set its eyes on Peterlabs last April.
Fatfish bought 7.7% of Peterlabs then, via an off-market transaction from its co-founders but only recently did Fatfish’s CEO emerge as a Peterlabs executive director.
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