EFFORTS BY THE COMPANY TO SECURE COVID-19 VACCINE BUSINESS
There are some efforts taken by Kanger to make sure they will successfully enter the Covid-19 distribution business. The chronological list (by date) of the efforts taken are listed below:
1. The Covid-10 vaccine started, when Kanger had entered into a proxy agreement with Shenzhen Public Health Technology Co, Ltd (SZPHT) to procure dealership status from China National Biotec Group Company Ltd (CNBG), which is a subsidiary of China National Pharmaceutical Group Corp (Sinopharm) and distributing it in Southeast Asia.
(Remarks: This agreement has been lapsed because it is only valid until October 8, 2020)
2. Kanger had entered a collaboration agreement with China-based Sinopharm Group Hunan Changde Medical Co Ltd (Sinopharm Group) for the distribution of Covid-19 vaccines developed by China National Biotech Group Company (CNBG) in Malaysia.
4. Kanger International Bhd has received the nod from the National Institutes of Biotechnology Malaysia (NIBM) to distribute Covid-19 vaccines and medical equipment in Malaysia.
5. Kanger International Bhd will receive 10,000 doses of a Covid-19 vaccine developed by state-owned China National Pharmaceutical Group Corp (Sinopharm) for trial purposes.
(Remarks: The first batch of vaccines is expected to arrive in Malaysia on May 2021).
8. MOU with Sabah State Government to obtain Sinopharm Covid-19 vaccines
(Remarks: Will the MOU with Sabah State Government helps the company to obtain approval for Sinopharm Covid-19 vaccine from the government through the National Pharmaceutical Regulatory Agency Negara (NPRA)? )
this week would be a crucial and determining one ...if price does not fall below the support level 29.5 to 30.5 then this downtrend could be tapering off and a technical rally would be forthcoming next week where price would move into the 40's territory
rebound at support 29.5 to 30.5...so likely not a case of catching a falling knife...and hopeful of a reversal with a bullish divergence macd.. then price to move towards 36 and ideally close above 36 this week...read correctly ya to move towards and ideally close
hopefully move towards 36 not hit 36 with resistance now at 29.5 to 30.5 ...the chart is quite similar to pasukgb where the response was immediate and strong
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Posted by ElonMuskMalaysia > 2021-06-01 11:00 | Report Abuse
just buy n keep first