The Board of Directors of MSCM Holdings Berhad (“Company”) wishes to announce that its has today, 5 August 2020 issued a Letter of Intent to eMedAsia Sdn. Bhd. (“eMedAsia”), which was accepted by eMedAsia, indicating the Company’s interest to invest a total of RM2.0 million for a 20% stake in eMedAsia and to be eMedAsia’s exclusive fourth party logistic (“4PL”) service provider to, inter-alia:-
(1) provide warehousing services to all eMedAsia’s member clinics / hospitals registered with the Malaysian Medical Association;
(2) liaise and handle orders of medicine and testing kits from suppliers and pharmaceutical companies;
(3) provide medicine fulfilment services for all eMedAsia’s member clinics including delivery to their respective patients;
(4) assist in 4PL services in telehealth and telemedicine (pharmacy);
(5) prepare mobile testing facilities for disease and virus testing; and
(6) such other services to be mutually agreed upon,
with a board seat in eMedAsia.
The above arrangement will be set out in a detailed subscription and 4PL services agreement to be agreed upon by both parties.
Further announcement will be made by the Company as soon as the terms of the agreement has been agreed upon by both parties.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3324 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CharlesT
14,660 posts
Posted by CharlesT > 2020-08-05 18:00 | Report Abuse
The new shareholder fm Klang...related to Boon Long one...
I thought after they goreng up will annouce entering into new biz such as glove...lol