In the latest installment of Kuala Lumpur News, Malaysian Genomics Resource Centre Berhad (MGRC) announces a strategic collaboration with South Korea’s Dx&Vx Co. Ltd. to enhance genomic testing services and digital healthcare. Concurrently, Go Hub Capital Berhad signs an underwriting agreement with UOB Kay Hian Securities for its upcoming IPO on the ACE Market.
Read more below.
MGRC and DXVX Partner
Petaling Jaya, June 7: Malaysian Genomics Resource Centre Berhad (MGRC) has announced that its subsidiary, MGRC Therapeutics Sdn. Bhd., has entered into a Strategic Collaboration Agreement with South Korea’s Dx&Vx Co. Ltd. (DXVX). This partnership aims to advance genomic testing services and digital healthcare, leveraging MGRC’s genomics expertise and DXVX’s GenomeCheck solutions.
“Partnering with Dx&Vx Co. Ltd. is a strategic move that will elevate our genomic testing services to new heights. By combining our strengths, we are set to enhance the precision and accessibility of genomic analysis, making significant strides in personalised medicine. This collaboration reinforces our dedication to innovation and excellence in the healthcare sector,” said Azri Azerai, Executive Chairman of Malaysian Genomics.
Kyu-chan Kwon, CEO of Dx&Vx Co. Ltd., added, “This Strategic Collaboration Agreement with MGRC Therapeutics marks a pivotal moment for DXVX as we aim to establish a strong foothold in the Asian and global markets. Genomic analysis is a cornerstone of our Healthcare 4.0 vision, and through this collaboration, we are set to expand our genomic testing services and digital healthcare solutions, ultimately improving patient outcomes and advancing the field of preventive care.”
This collaboration aims to enhance the reach and effectiveness of genomic testing services, addressing the growing demand for sophisticated healthcare solutions.
Go Hub’s IPO Agreement
Kuala Lumpur, June 7: Go Hub Capital Berhad, a leading transportation IT solutions provider, has signed an underwriting agreement with UOB Kay Hian Securities (M) Sdn Bhd (UOBKH) for its upcoming Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO involves the public issue of 107.18 million new ordinary shares, with allocations for the Malaysian public, eligible persons, and private placement to selected investors.
UOBKH will underwrite 32 million IPO shares available to the Malaysian public and eligible persons.
This IPO does not include an offer for sale or placement to Bumiputera investors.
“We are gearing up to expand our technological footprint and solution offerings within the transportation sector, and this IPO is a strategic step in that direction. We are excited to collaborate with UOB Kay Hian to facilitate our listing on the ACE Market. The IPO proceeds raised will primarily fuel our business expansion plans, which includes the expansion of our technical capabilities and workforce. Our aim is to expand our IT solutions for the transportation industry, enhancing customer engagement through digital transformation, and exploring new opportunities in adjacent markets,” said Tan Cherng Thong, Executive Director and CEO of Go Hub.
David Lim, CEO of UOB Kay Hian Securities (M) Sdn Bhd, added, “We are enthusiastic to collaborate with Go Hub on its listing exercise. Go Hub’s strong performance, driven by its innovative and comprehensive IT solutions in the transportation industry, presents a compelling investment opportunity. We look forward to supporting Go Hub’s journey as it transitions into a publicly listed company.”
Go Hub continues to lead in innovation and excellence in the transportation IT sector, aiming to transform Malaysia’s transportation landscape.
KJTS Shareholders Approve All Resolutions
Kuala Lumpur, June 7: KJTS Group Berhad, a building support services provider in Malaysia, Thailand, and Singapore, announced that all six resolutions were approved at its second Annual General Meeting (AGM).
This includes the first and final single tier dividend of 0.236 sen per ordinary share for the financial year ended 31 December 2023.
The AGM, held on June 7, 2024, saw shareholders approving resolutions such as the re-election of directors, dividend declaration, and the authority to issue and allot shares.
KJTS expressed gratitude to its shareholders for their trust and support, emphasizing the company’s commitment to delivering value, maintaining transparent communication, and focusing on growth and operational excellence.
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