Pharmaniaga Logistics Sdn Bhd a wholly owned subsidiary of the Company has entered into a Concession Agreement (“CA”) with the Ministry of Health of Malaysia to undertake the procurement, storage, supply and delivery of medical products to offices and facilities within Malaysia which is operated and controlled by the government.
The CA follows the letter dated 12 July 2023 issued by MOH to PLSB, the agreement takes effect retrospectively from 1 July 2023 and will remain in force for a period of seven years until 30 June 2030. The agreement grants PLSB with the rights and authorities to undertake the procurement, storage, supply and delivery of medical products to Public Sector Customers, carry out Pharmacy Information System services and construct or acquire four new warehouses for the storage of medical products.
The PN17 company said the CA will serve as a platform for the Company to support the nation in logistics and distribution of
medical products to Public Sector Customers. It will also provide the Company with another income stream which will contribute to the profitability of the Company
