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Hong Seng disposes of its 35% stake in Pantasniaga to former PSD DG for RM24 mil cash

KUALA LUMPUR (June 24): Hong Seng Consolidated Bhd has disposed of its 35% stake in life science healthcare service provider, Pantasniaga Sdn Bhd for RM24 million cash. In a Bursa Malaysia filing on Friday (June 24), the healthcare industry supply chain management specialist said its wholly-owned subsidiary HS Bio Sdn Bhd had entered into shares sales agreement with Nexterra Sdn Bhd for the stake disposal.

Covid-19 test kit makers benefit from overwhelming demand

THE demand for Covid-19 test kits has been overwhelming as the Delta variant of the coronavirus drives another global surge of infection rates.In Malaysia, for instance, daily infection rates have surpassed the 17,000 mark despite the movement restriction order.Despite the encouraging numbers in vaccination capacity, forecasts suggest the country could tally infection numbers as high as 24,000 daily cases in September as the virus spreads.

ViTrox Corp, Ireka Corp, Hong Seng, Tiong Nam, UOA REIT, CapitaLand Malaysia, Magni-Tech and United Plantations

KUALA LUMPUR (July 22) :  Based on corporate announcements and news flow today, companies in focus on Friday (July 23) may include ViTrox Corp Bhd, Ireka Corp Bhd, Hong Seng Consolidated Bhd, Tiong Nam Logistics Holdings Bhd, UOA Real Estate Investment Trust (UOA REIT), CapitaLand Malaysia Mall Trust (CMMT), Magni-Tech Industries Bhd and United Plantations Bhd. ViTrox Corp Bhd’s second quarter net profit more than doubled to a record RM50.64 million from RM22.92 million a year earlier, on the back of the semiconductor boom which saw heightened demand for its solutions. The commendable results came as ViTrox’s quarterly revenue more than doubled to RM196.19 million from RM96.55 million a year before.

Hong Seng bags RM112m contract to supply PCR test kits to MoH; shares jump to new record high

Hong Seng bags RM112m contract to supply PCR test kits to MoH; shares jump to new record high
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