Advanced Enzyme Technologies has entered into definitive agreement for acquisition of 80% of the paid up share capital of Palm Techno Ventures Enzyme (PTVE), Malaysia. The agreement has been entered with PTVE and two of existing shareholders of PTVE (presently holding 60% and 40% shares of PTVE). The said acquisition is expected to be completed by end of June 2017. Upon such acquisition / investment, PTVE shall become subsidiary of the company.
Recently, the company had received board’s approval for investment in PTVE by way of subscription / purchase of shares of PTVE up to RM 200,000 (80% of the paid up share capital of PTVE).
Advanced Enzyme Technologies is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products.
