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Advanced Enzyme enters into definitive agreement to acquire 80% stake in PTVE

05 Jun 2017 Evaluate

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.


Advanced Enzyme Share Price

297.95 -0.65 (-0.22%)
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