Key Alliance Bhd to acquire SOCSO Antigen Kit Supplier Tree Med Sdn Bhd Petaling Jaya, 21 December 2020 - Key Alliance Group Bhd today announced its intentions to acquire Tree Med Sdn Bhd, a leading local medical devices supplier, in a deal that will see the Group purchase 30% of Tree Med Sdn Bhd for RM14million. Tree Med Sdn Bhd, has all the relevant licenses including MDA licenses, National Pharmaceutical Regulatory Agency (APRA), Ministry of Health and is registered with MIDA and MITI, and is currently supplying PCR test machines, consumables and reagents to the Ministry of Health. In addition, Tree Med also currently supplies the Ministry of Health both antigen and PCR test kits, as well as to bodies like PERKESO, Makmal Kesihatan Awam and 500 other clinics, private hospitals and private laboratories throughout Malaysia. Tree Med also provides products and services concerning blood plasma, dengue test kits and HIV tests to the same clients across Malaysia. Key Alliance, in this deal, will automatically be able to supply its CareGene RT PCR kit via Tree Med's networks to be made available to the Ministry of Health and other government agencies, as well as other private sector clinics and medical laboratories. The Group will also be well positioned to explore the supply and distribution of Covid- 19 Vaccines, as Tree Med has an existing pharmaceutical license which allows it to import and distribute the vaccines. It is already in discussions with various manufacturers and is in the position to be the local distributor to clinics, private and public hospitals and government agencies. The Group is also in discussions with Tree Med to look at local manufacturing of certain products and services in the medical industry to lower the cost of Covid-19 testing, as well as haematology products and other related consumables in the in-vitro diagnostic space. "This acquisition, when completed, will position Key Alliance as a complete player in the medical supplier market for in-vitro diagnostics, as well as open doors to participate in future vaccine sales and core lab products. The scope would not be limited to just Covid-19 vaccines, but include others such as standard annual influenza vaccinations." Managing Director Roy Ho said.
lain syarikat issue satu kali shares dapat 20mil pun sudah bina kilang .tiap tiap tahun pun ada revenue 100 mil profit pun ada 10~20 mil ,ini lancauu KGROUP issue shares tak habis habisan issue shares empat tahun raised fund pun lebih 100 mil apa lancauu pun tak nampak macam money games syarikat...
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Posted by 8018voon > 2020-12-11 15:30 | Report Abuse
today no vol ... no moving ...
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