Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

CCM gets US$20m financing facility

June 7, 2018 1:31 PM
16 0

PETALING JAYA: CCM Duopharma Biotech Bhd has secured US$20 million (RM79.4 million) financing from Oversea-Chinese Banking Corporation (Labuan Branch).

It told Bursa Malaysia that the revolving credit-i Murabahah will be used to fund the RM59.16 million acquisition of an 8.39% stake in PanGen Biotech Inc from Chemical Company of Malaysia Bhd.

“Apart from that, the facility will be utilised for general working capital requirement and other investments.”

CCM shares gained 2 sen or 0.6% to close at RM3.40 today on some 307,100 shares done.


Share in social networks:

Comments - 0