CCM: DUOPHARMA TOP MANAGEMENT TO STAY

Chemical Company Malaysia Bhd (CCM), which has made a mandatory general offer for Duopharma Biotech Bhd, has given an assurance that it did not expect any immediate changes in the latter's top management upon the acquisition. CCM group managing director Dr Mohd Hashim Tajudin said Duopharma's listing status would also be maintained. "We want to be leader in the businesses we are in -- fertiliser, chemical and pharmaceutical. With the acquisition of Duopharma, we are in line in becoming a leader in pharmaceutical businesses," he told reporters after the AGM in Kuala Lumpur on Aug 26.

The Edge Daily (http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_f2c953ce-cb73c03a-c5577c00-d2dded99)