Top 10 event in Beauty Biotech industry in Year 2006 (updated)

qnDamaged in last week's earthquake off southern Taiwan on internet access plus my own tight schedule cause the delay of such post.

However, my friend said it better late than never.

Top 10 event in Beauty Biotech industry in Year 2006

1 L’Oreal acquired The Body Shop

2 "The Body Shop" franchise in Malaysia sold by Bolton for RM80m at a Management Buyout (MBO)

3 INS legal battle with Lim Chew Yin and Yigaho

4 P&G Halts SK-II Cosmetics Sales in China

5 Pig farmer in Malaysia used banned beta agonist (BA)
Pig farmer in Malaysia used banned beta agonist because the price of a legal growth-inducing substance, Ractopamine by Eli Lily's animal health unit: Elanco, costs three times higher than Beta Agonist.

6 Mystery death of Malaysia's cosmetic surgery centres operators in China

7 F&N buying Nestle milk operation


8 Scrapped listing Hospitech Resources Bhd and GP Ocean Food on Mesdaq

Hospitech Resources Bhd and GP Ocean Food Bhd. Hospitech — manufacturer of disposable hospital equipment — made history by aborting its IPO exercise the day before it was scheduled to trade on Mesdaq on April 20. The company had raised more than RM12 million from its listing to build a new factory and repay borrowings. The IPO was oversubscribed by 18.4 times. The company voluntarily withdrew its listing after the SC started probing into its financial history upon receiving information from a whistleblower. The listing proceeds were refunded to investors. The regulator unearthed falsified documents such as sales invoices and as a result, Hospitech's managing director Jimmy Goh Kai Tong was slapped with a RM500,000 fine. Barely two months later, GP Ocean, a seafood processor, withdrew its listing plans following a probe by the SC into a possible breach in securities laws, also on a whistleblower's tip.

GP Ocean's chairman and former SC chairman Datuk Ali Abdul Kadir said at the time that the company was postponing its listing in order to strengthen the company. He has since resigned from his position. The GP Ocean case also hit the limelight because it had big name investors like the Razak Foundation and Rio Capital Sdn Bhd, which was owned by Ali, Datuk Azman Yahya and Datuk Amin Rafie Othman.

9 Song Hae-Gyo (宋慧乔) dropped as Etude spokeperson


10 Elianto fastest growing cosmetic company in Malaysia in 2006 at least in term of number of outlet

11 France honours Dr Lam who discover Nipah virus

Blog that link to this page: Nerdy Science Blog

Technorati Tag: Cosmetic : Beauty :Malaysia: Health Biotechnology