Bintai Kinden emerges as substantial shareholder in MGRC with 5.03% stake


Chief executive officer Hoo See Kheng said the conventional-HL Value Fund generated a distribution yield of 7.03%, HL Asia-Pacific Dividend Fund (6.98%), HL Growth Fund (7.06%) and HL Consumer Products Sector Fund (9.27%).

KUALA LUMPUR: Bintai Kinden Corp Bhd has emerged as a substantial shareholder in Malaysian Genomics Resource Centre Bhd with a 5.03% stake in the company following the acquisition of 6.25 million shares on Thursday.

In a statement, MGRC said Noor Azri Noor Azerai, who relinquished his position as deputy CEO of Bintai Kinden and was redesignated executive director of MGRC, will oversee the business development, human resources and finance functions of the group.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Bintai Kinden , MGRC , Azri Azerai

   

Next In Business News

7-Eleven’s quarterly revenue climbs
MSM Malaysia cautious on widening loss
Positive 3Q24 for Dayang on higher utilisation, forex gains
Petra Energy registers positive 3Q24
Fajarbaru 1Q25 earnings up three-fold
US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24

Others Also Read