KUALA LUMPUR: Pharmaniaga Bhd expects to have a clear plan to get operations back to "normal" by year end.
Executive committee chairman Ahmad Shahredzuan Mohd Shariff said the company will come up with a regularisation plan in the third quarter this year and is progressing well.
"You have probably heard in the market whereby we have announced two private share placements.
"One is completed and another one is awaiting shareholders' approval. "We are confident and we are actually stabilising the company, almost everything is on the way up. "By year end we have clear plan of at least (bringing) Pharmaniaga back to normal," he told reporters after a signing ceremony with China's CSPC Holdings Group Ltd.
More to come