Ho Wah Genting Bhd (HWGB) has entered a conditional share sale agreement to acquire a 55% equity interest in Advanced Apotheke Sdn Bhd, specialising in organic skincare products.

The RM2.4 million acquisition replaces a previous memorandum of understanding.

Advanced Apotheke, established in 2010, operates through various channels and carries renowned brands like Neal's Yard Remedies and Jurlique.

The acquisition will be funded through a proposed fund-raising exercise by HWGB's holding company.

The move aligns with HWGB's growth strategy in the healthcare sector and is expected to contribute positively to future earnings.

The acquisition is anticipated to be completed by the first quarter of 2026, positioning HWGB in the organic skincare industry and reflecting its commitment to sustainable business practices.