Just keep this share 1st. Actually there's potential.. when there's sea of red, KAG maintaining. Also some shark already pick-up some chunk few days ago.
OTHERS KEY ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KEY ALLIANCE GROUP BERHAD ("KAG" OR "THE COMPANY") APPOINTED AS REPRESENTATIVE FOR REGISTRATION, MARKETING AND DISTRIBUTION OF COVID-19 RT PCR TEST KITS KEY ALLIANCE GROUP BERHAD
Type Announcement Subject OTHERS Description KEY ALLIANCE SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KEY ALLIANCE GROUP BERHAD ("KAG" OR "THE COMPANY") APPOINTED AS REPRESENTATIVE FOR REGISTRATION, MARKETING AND DISTRIBUTION OF COVID-19 RT PCR TEST KITS Reference is made to the Company’s announcement dated 22 May 2020 and 28 May 2020 whereat Key Alliance Sdn Bhd (“KASB”), a wholly-owned subsidiary of the Company has been appointed as representative of ITDF Co Ltd (“ITDF”), as a local partner to effect the registration, and carry out marketing and distribution of the Care Gene Covid-19 RT PCR Kit, produced by Wells Bio Inc (“Appointment”).
The Board of Directors of Key Alliance Group Berhad (“KAG” or “the Company”) wishes to announce that KASB has, on 19 June 2020, received official notification from Comformity Assessment Bodies (“CAB”) Malaysia, an approved certification body by Medical Device Authority (“MDA”) which is part of Malaysia Ministry of Health body that KASB has passed the initial audit and issued the Good Distribution Practice for Medical Devices (“GDPMD”) Certificate of Conformity, which allows KASB to act as a local authorised representative, import, storage and handling, warehousing and documentation of medical devices, specifically in vitro diagnostic devices.
This is the first step in order for KASB to be able to be legally allowed to market, distribute and sell the Care Gene Covid-19 RT PCR Test Kits produced by Wells Bio Inc, Korea.
The next immediate step is for KASB to submit for the MDA establishment license which will ensure that KASB is in full compliance with the Ministry of Health and the MDA's requirements for a company to be a licensed distributor of medical supplies.
Consecutively and immediately after, KASB will also submit its product of the Care Gene Covid-19 RT PCR Test Kit to the MDA for special access approval, which will then allow this test kit to be legally marketed and sold in Malaysia.
KAG will keep the market informed on the on-going progress of the application process as it materialises.
This announcement is dated 19 June 2020.
Announcement Info Company Name KEY ALLIANCE GROUP BERHAD Stock Name KGROUP Date Announced 19 Jun 2020 Category General Announcement for PLC Reference Number GA1-19062020-00105
You guys should do some research. This is the first stage of approvals.
They announced the power of attorney in May and subsequently updated with the first stage approval in June. In order to make this commercial they need the special access license, which is the next news.
Perhaps this has more than just a trade, especially with the second wave.
With Private Placement coming it looks like major investment is to be channelled into the test kits.
Furthermore these are PCR test kits. Not rapid test kits like the others. Our DG has specifically said PCR test kits are the correct ones.
Time to weed out the fluff guys. This is the real deal.
Why announced friday loorr.. Monday people forget already.. Announced lunch hours so fly immediately... anyhow..Monday flight is full and ready to take off!!!
Here it comes, just not announcement will drive the stock up, also good to aired in the press news ... good more ppl will aware about this ... the stock will drive it up more .. cheers
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azta12
5,594 posts
Posted by azta12 > 2020-06-17 09:16 | Report Abuse
collect