Carotech received bids from foreign and local investors (CIMB)

Carotech, a producer of palm oil nutrients, has received bids from foreign and local investors for its business, but its owner is not planning to sell. Carotech is 58% held by Hovid. MD David Ho Sue San said, "As the medical benefits of palm tocotrienols gain visibility over the years, people see the potential lucrative returns of this business." (BT)