KUALA LUMPUR (Feb 18): Sunzen Group Bhd announced it is selling two wholly owned subsidiaries involved in the animal health businesses for RM17.3 million.
The disposal of the two subsidiaries namely Sunzen Corporation Sdn Bhd and Sunzen Lifesciences Sdn Bhd to Pure Nutritional Products Sdn Bhd is expected to result in a gain of RM2.25 million to the group after deducting the estimated expenses, according to the company’s bourse filing.
Suzen said the disposal aligns with its business strategy transformation to cease operations in the animal health division.
