OTHERS CONCESSION AGREEMENT BETWEEN PHARMANIAGA LOGISTICS SDN BHD AND GOVERNMENT OF MALAYSIA (REPRESENTED BY THE MINISTRY OF HEALTH OF MALAYSIA) (Announcement pursuant to Chapter 9 of Bursa Malaysia Securities Berhad Main Market Listing Requirements)
| PHARMANIAGA BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | CONCESSION AGREEMENT BETWEEN PHARMANIAGA LOGISTICS SDN BHD AND GOVERNMENT OF MALAYSIA (REPRESENTED BY THE MINISTRY OF HEALTH OF MALAYSIA) (Announcement pursuant to Chapter 9 of Bursa Malaysia Securities Berhad Main Market Listing Requirements) |
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We refer to our announcement dated 12 July 2023. The Board of Directors of Pharmaniaga Berhad (“the Company”) wishes to announce that Pharmaniaga Logistics Sdn Bhd (“PLSB”), a wholly-owned subsidiary of the Company has on 3 January 2024 entered into a Concession Agreement (“CA”) with the Government of Malaysia (represented by the Ministry of Health of Malaysia) (“MOH”). The CA to take effect retrospectively from 1 July 2023 and shall remain in force for a period of seven (7) years until 30 June 2030. The duly executed CA will give the rights and authorities to PLSB, among others, to undertake the procurement, storage, supply and delivery of medical products to offices and facilities within Malaysia which is operated and controlled by MOH (“Public Sector Customers”) in accordance with the terms and conditions agreed between the parties. Please refer to the attachment for details of the announcement. This announcement is dated 4 January 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | PHARMANIAGA BERHAD |
| Stock Name | PHARMA |
| Date Announced | 04 Jan 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21122023-00070 |