PERTH/KUALA LUMPUR, 21 September 2017 – Holista CollTech Ltd (ASX: HCT, “Holista” or the “Group”) announced today that it will acquire a 47%-stake in iGalen International Inc (“iGalen”) a fast-growing network marketing company from Holista’s CEO and single-largest shareholder, Dr Rajen Manicka, for the nominal sum of US$1.
Holista has been a supplier of patented supplement products to iGalen, including the product Emulin®, which is already selling in North America since Emulin® was awarded FDA approval in the US.
CIMB-Principal Asset Management Berhad (“CIMB-Principal” or “the Company”) announced the launch of its CIMB Islamic Global Equity Fund (“the fund”), the latest addition to its suite of 20 Islamic funds. The fund offers Malaysian retail and corporate investors an opportunity to tap into the growth prospects of global equities which are Shariah-compliant.
The fund aims to achieve long-term capital appreciation and offers investors diversification benefits by enabling access to equities in numerous emerging and developed markets.
The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.
In a press statement today, the central bank said that the global economy continues to strengthen with growth becoming more entrenched and synchronised across countries. Global trade has picked up significantly. In the advanced economies, both consumption and investment continue to improve.