CORP BRIEF: Malaysian Genomics, Focus Dynamics, Bursa and Serba Dinamik

by TMR / pic by TMR GRAPHIC 

Malaysian Genomics to venture into biopharma, healthcare

MALAYSIAN Genomics Resource Centre Bhd has proposed to diversify its businesses to include biopharmaceutical and healthcare products and services. The company entered a tripartite agreement with ICARTAB Biomedical Co Ltd and Advanced Immune Therapeutics Sdn Bhd (AIT) to distribute, produce and commercialise therapeutic products, primarily in Chimeric Antigen Receptor T-Cells for solid cancers as of June 26, 2020. Malaysian Genomics will pay a maximum licensing fee of US$450,000 (RM1.87 million) to AIT in consideration of its exclusive rights, involving markets of Malaysia, Singapore, Brunei, Indonesia, Thailand, Vietnam, Cambodia and Laos.

Focus Dynamics increases investment in Brahim’s

FOCUS Dynamics Group Bhd through its wholly owned unit, Focus Dynamics Centre Sdn Bhd, acquires additional 9.2 million ordinary shares at 25.5 sen per share of Brahim’s Holdings Bhd. The company noted that the acquisition was done for a total cash consideration of RM2.35 million via direct business transaction. Focus Dynamics now has collectively an aggregate of 38 million Brahim’s shares, representing 16.08% of the issued and paid-up capital, totalling up to a purchase consideration of RM9.69 million.

Foreign net outflow on Bursa subsides

FOREIGN net outflow subsided to the tune of RM28.38 million, which was lower than in the preceding week of RM543.91m for the second week of October. MIDF Research in a note yesterday stated that last week, retailers and foreign investors were net sellers of RM12.47 million and RM28.38 million worth of domestic equities respectively albeit with lower figures than in prior week, with only local institutions as net buyers at RM40.86 million net during the same period. This marks the third consecutive week of local institutions as net buyers in Bursa. As the market reopened last Monday, foreign investors and local institutions acquired RM34.12 million and RM19.27 million net of local equities respectively, with only retailers as net sellers at RM53.39 million.

Serba Dinamik launches D-Virtual Park in Sarawak

SERBA Dinamik Holdings Bhd (SDHB) launched D-Virtual Park in Kota Samarahan, Sarawak, to promote IR4.0 technologies to the public yesterday. Group MD and CEO Datuk Dr Mohd Abdul Karim Abdullah said these collaborations are important not only because they open a new frontier for its technology ventures but also bring IR4.0 technologies to a wider base. SDHB’s wholly owned unit, Serba Dinamik IT Solutions Sdn Bhd, signed a memorandum of understanding with Sarawak Esports Association (SESA) to promote digital adoption among future talents, and to establish and collaborate on utilising SESA Mini Esports Hub @ D-Arena in Serba Digital Innovation Studio, Kota Samarahan.