Solution Bioforce buys stake in BCL

KUALA LUMPUR: Solution Bioforce Sdn Bhd, a 70 per cent owned subsidiary of Solution Engineering Holdings Bhd (SEHB), has invested US$190,000 (RM582,939) to acquire a 95 per cent stake in Bioforce Co Ltd (BCL) last Saturday. BCL is a company incorporated in Korea to provide bioprocess solutions, design and develop bioprocess engineering equipment for use in biotechnology and pharmaceutical industries The percentage ratio for the transaction is 1.84 per cent. The acquisition of Bioforce is not expected to have a material effect on the net assets, earnings, share capital, dividend and gearing of SEHB for the financial year ending December 31 2012.