Palette Multimedia plans diversification into traditional Chinese medicine

KUALA LUMPUR (Nov 24): Palette Multimedia Bhd plans to diversify into traditional Chinese medicine (TCM) to expand its earnings base.In a statement to Bursa Malaysia today, Palette Multimedia said it entered into a term sheet for the proposed acquisition of a 51% stake in Genopharma Sdn Bhd (GSB) for RM1.53 million. Palette said it had entered into the term sheet with GSB shareholders Liao Chunhua, Liu Zhen and Tan Yi Wen. 

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