Ho Wah Genting appoints US firm to manufacture nutraceutical formula

KUALA LUMPUR (Feb 27): Ho Wah Genting Bhd (HWGB) has appointed US-based Guardion Health Sciences Inc to design and manufacture an exclusive custom immune support nutraceutical formula for HWGB.

"The formulation will be for exclusive use and will be owned by HWGB and must be produced under the brand name to be determined," HWGB said in a statement to Bursa Malaysia yesterday.

HWGB had also attached the letter of appointment, dated Feb 21, in the Bursa filing.

HWGB managing director/CEO Datuk Aaron Lim said in the letter that upon finalisation of quantity and cost, HWGB will issue a purchase order to Guardion with the appropriate financial terms.

At 11.06am, HWGB shares were unchanged at 12 sen for a market capitalisation of RM55.17 million. The stock saw 50,000 shares traded.