HZL were not alone in their partnership with the Singapore listed Eu Yan Sang, at about the same time Blackmores also struck a deal with them although not as comprehensive as the HZL deal.
HZL could potentially be the next Blackmores in the making and the Eu Yan Sang 15% ownership would be to prevent or make money out of a Blackmores takeover of HZL before it starts taking too much market share from the larger company.
HZL Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held