Lottvision

Lottvision: To acquire 55% of Nutryfarm Biomedicine Intl (NFB) for RM55m (approx $10.9m). NFB owns a co which is in the business of researching, developing, manufacturing and selling nutrition and health products. The acquisition comes with a profit guarantee of RM13m for FY13 and RM16m for FY14. The price acquired is approx 7.7x P/E based on 2011 results.