Carotech: No plans to sell business.

Byline: Ooi Tee Ching

CAROTECH Bhd, 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.

"We get queries from investors, both local and overseas, from time to time. But there are no serious offers on the table," said Carotech managing director David Ho Sue San.

Carotech is 58 per cent held by Hovid Bhd, and Ho in turn controls Hovid with a 50.16 per cent stake.

Set up in 1992, Carotech is the first integrated company in the world to commercially extract vitamin E, mixed carotene complex and phytosterols from palm fruits.

Having pioneered the business …