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URLhttps://theedgemalaysia.com/node/764750
Last Crawled2026-03-24 16:41:24 (14 days ago)
First Indexed2025-07-31 06:15:28 (8 months ago)
HTTP Status Code200
Meta TitlePharmaniaga completes rights issue, private placement exercises; on track to exit PN17 by 1Q2026
Meta DescriptionKUALA LUMPUR (July 31): Pharmaniaga Bhd (KL:PHARMA) has completed two components of its regularisation plan — a rights issue and a private placement — paving the way for the group to exit its Practice Note 17 (PN17) status by the first quarter of 2026.
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KUALA LUMPUR (July 31): Pharmaniaga Bhd (KL: PHARMA ) has completed two components of its regularisation plan — a rights issue and a private placement — paving the way for the group to exit its Practice Note 17 (PN17) status by the first quarter of 2026. With the fundraising exercises now completed, the group will proceed to the final phase of its regularisation plan — a capital reduction exercise slated for completion by mid-August 2025, Pharmaniaga said in a statement. The pharmaceutical group said its renounceable rights issue involving 3.46 billion shares was fully subscribed, with an oversubscription rate of 26.14% from existing shareholders. Concurrently, the group’s private placement exercise raised RM223.7 million from the issuance of 1.66 billion shares, attracting participation from 19 new investors. Despite this new equity injection, Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd remain the group’s major shareholders with a combined stake of 43.9%, holding 8.7% and 35.2% respectively. “We are encouraged by the solid support from our shareholders and new investors. The oversubscription of our rights issue reflects deep market recognition of our business fundamentals, recovery plan and leadership,” said Pharmaniaga managing director Datuk Zulkifli Jafar.  He added that the participation of institutional and reputable investors in the private placement is a strong endorsement of Pharmaniaga’s broader objective to support Malaysia’s healthcare resilience and pharmaceutical self-sufficiency. Zulkifli said the strengthened balance sheet will allow the group to reduce borrowings and scale up operations, particularly in high-impact areas such as the development of human insulin, vaccines, and generic drugs. Pharmaniaga is currently advancing the establishment of Malaysia’s first locally owned insulin and vaccine production facilities. “All hands are on deck, as we intensify our biopharmaceutical manufacturing initiatives, fortify our logistics and distribution with new warehouse developments, and sustain strong momentum in our Indonesia operations,” he added.  At Thursday’s noon break, shares of Pharmaniaga rose 6.25% or one sen at 17 sen, giving it a market capitalisation of RM833.03 million. The counter has fallen over 51% year-to-date. 
Markdown
[Subscribe to The Edge Malaysia packages](https://theedgemalaysia.com/subscription) [Register to Newsletter](https://theedgemalaysia.com/newsletter) Tuesday 24 Mar 2026 [Home](https://theedgemalaysia.com/) [Corporate](https://theedgemalaysia.com/categories/corporate) [Economy](https://theedgemalaysia.com/categories/economy) [Court & Politics](https://theedgemalaysia.com/) [Sections](https://theedgemalaysia.com/) [EdgeTV](https://theedgemalaysia.com/) [Tech](https://theedgemalaysia.com/categories/technology) [Opinion](https://theedgemalaysia.com/) [新闻](https://theedgemalaysia.com/categories/news) [Home](https://theedgemalaysia.com/) [Corporate](https://theedgemalaysia.com/categories/corporate) [Economy](https://theedgemalaysia.com/categories/economy) [Court & Politics](https://theedgemalaysia.com/) [Sections](https://theedgemalaysia.com/) [EdgeTV](https://theedgemalaysia.com/) [Tech](https://theedgemalaysia.com/categories/technology) [Opinion](https://theedgemalaysia.com/) [新闻](https://theedgemalaysia.com/categories/news) [Home](https://theedgemalaysia.com/) [Corporate](https://theedgemalaysia.com/categories/corporate) [Economy](https://theedgemalaysia.com/categories/economy) [Court & Politics](https://theedgemalaysia.com/) [Sections](https://theedgemalaysia.com/) [EdgeTV](https://theedgemalaysia.com/) [Tech](https://theedgemalaysia.com/categories/technology) [Opinion](https://theedgemalaysia.com/) [新闻](https://theedgemalaysia.com/categories/news) [![](https://myassets.theedgemalaysia.com/img/Askedge.svg)](https://theedgemalaysia.com/askedge/) BURSA SGX 1. [Home](https://theedgemalaysia.com/) 2. Pharmaniaga completes rights issue, private placement exercises; on track to exit PN17 by 1Q2026 [Corporate](https://theedgemalaysia.com/categories/Corporate) [Malaysia](https://theedgemalaysia.com/categories/Malaysia) Pharmaniaga completes rights issue, private placement exercises; on track to exit PN17 by 1Q2026 By [Syafiqah Salim](https://theedgemalaysia.com/author/Syafiqah%20Salim?page=1) / [theedgemalaysia.com](https://theedgemalaysia.com/source/theedgemalaysia.com?page=1) 31 Jul 2025, 02:12 pm ![main news image](https://theedgemalaysia.com/_next/image?url=%2Fimages%2Fdefault_theedgemarkets.jpeg&w=1920&q=75) KUALA LUMPUR (July 31): Pharmaniaga Bhd (KL:[PHARMA](https://theedgemalaysia.com/askedge/klse/7081)) has completed two components of its regularisation plan — a rights issue and a private placement — paving the way for the group to exit its Practice Note 17 (PN17) status by the first quarter of 2026. With the fundraising exercises now completed, the group will proceed to the final phase of its regularisation plan — a capital reduction exercise slated for completion by mid-August 2025, Pharmaniaga said in a statement. The pharmaceutical group said its renounceable rights issue involving 3.46 billion shares was fully subscribed, with an oversubscription rate of 26.14% from existing shareholders. Concurrently, the group’s private placement exercise raised RM223.7 million from the issuance of 1.66 billion shares, attracting participation from 19 new investors. Despite this new equity injection, Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd remain the group’s major shareholders with a combined stake of 43.9%, holding 8.7% and 35.2% respectively. “We are encouraged by the solid support from our shareholders and new investors. The oversubscription of our rights issue reflects deep market recognition of our business fundamentals, recovery plan and leadership,” said Pharmaniaga managing director Datuk Zulkifli Jafar. He added that the participation of institutional and reputable investors in the private placement is a strong endorsement of Pharmaniaga’s broader objective to support Malaysia’s healthcare resilience and pharmaceutical self-sufficiency. Zulkifli said the strengthened balance sheet will allow the group to reduce borrowings and scale up operations, particularly in high-impact areas such as the development of human insulin, vaccines, and generic drugs. Pharmaniaga is currently advancing the establishment of Malaysia’s first locally owned insulin and vaccine production facilities. “All hands are on deck, as we intensify our biopharmaceutical manufacturing initiatives, fortify our logistics and distribution with new warehouse developments, and sustain strong momentum in our Indonesia operations,” he added. At Thursday’s noon break, shares of Pharmaniaga rose 6.25% or one sen at 17 sen, giving it a market capitalisation of RM833.03 million. The counter has fallen over 51% year-to-date. Edited ByIsabelle Francis - Most Read - Just In Level 3, Menara KLK, 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia [(+603) 7721 8000](<tel: (+603) 7721 8000>) [info@bizedge.com](<mailto: info@bizedge.com>) - [Home](https://theedgemalaysia.com/) - [Contact us](https://theedgemalaysia.com/contact-us) - [Sitemap](https://theedgemalaysia.com/site-map) - [About us](https://theedgemalaysia.com/about-us) - [Advertise with us](https://theedgemalaysia.com/advertise-with-us) - [Terms & Conditions](https://theedgemalaysia.com/terms-of-use) - [Join us](https://theedgemalaysia.com/join-us) - [Subscription](https://theedgemalaysia.com/subscription) - [PDPA](https://theedgemalaysia.com/pdpa) - [Newsletter](https://theedgemalaysia.com/newsletter) - [Digital Editions](https://digital.theedgemalaysia.com/theedgemediagroup/newsstand/title/tem) Copyright © 1999-2026 The Edge Communications Sdn. Bhd. 199301012242 (266980-X). All rights reserved ![share icon](https://theedgemalaysia.com/_next/static/media/print.78b9b218.svg) Print ![share icon](https://theedgemalaysia.com/_next/static/media/font.0ac2362a.svg) Text Size ![share icon](https://theedgemalaysia.com/_next/static/media/share.e447046e.svg) Share ![](https://www.facebook.com/tr?id=919789282657588&ev=PageView&noscript=1)
Readable Markdown
KUALA LUMPUR (July 31): Pharmaniaga Bhd (KL:[PHARMA](https://theedgemalaysia.com/askedge/klse/7081)) has completed two components of its regularisation plan — a rights issue and a private placement — paving the way for the group to exit its Practice Note 17 (PN17) status by the first quarter of 2026. With the fundraising exercises now completed, the group will proceed to the final phase of its regularisation plan — a capital reduction exercise slated for completion by mid-August 2025, Pharmaniaga said in a statement. The pharmaceutical group said its renounceable rights issue involving 3.46 billion shares was fully subscribed, with an oversubscription rate of 26.14% from existing shareholders. Concurrently, the group’s private placement exercise raised RM223.7 million from the issuance of 1.66 billion shares, attracting participation from 19 new investors. Despite this new equity injection, Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd remain the group’s major shareholders with a combined stake of 43.9%, holding 8.7% and 35.2% respectively. “We are encouraged by the solid support from our shareholders and new investors. The oversubscription of our rights issue reflects deep market recognition of our business fundamentals, recovery plan and leadership,” said Pharmaniaga managing director Datuk Zulkifli Jafar. He added that the participation of institutional and reputable investors in the private placement is a strong endorsement of Pharmaniaga’s broader objective to support Malaysia’s healthcare resilience and pharmaceutical self-sufficiency. Zulkifli said the strengthened balance sheet will allow the group to reduce borrowings and scale up operations, particularly in high-impact areas such as the development of human insulin, vaccines, and generic drugs. Pharmaniaga is currently advancing the establishment of Malaysia’s first locally owned insulin and vaccine production facilities. “All hands are on deck, as we intensify our biopharmaceutical manufacturing initiatives, fortify our logistics and distribution with new warehouse developments, and sustain strong momentum in our Indonesia operations,” he added. At Thursday’s noon break, shares of Pharmaniaga rose 6.25% or one sen at 17 sen, giving it a market capitalisation of RM833.03 million. The counter has fallen over 51% year-to-date.
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