KUALA LUMPUR: Mestron Holdings Bhd is expected to invest up to RM20mil in its tie-up with China-based Zhongyu Yexing (Chengdu) Industrial Co., Ltd to distribute the Covid-19 vaccine in Malaysia.
In a statement on Friday, Mestron said the RM20mil will be financed via its own funds, bank loans and proceeds from a private placement.
The steel pole maker had signed a head of agreement with Zhongyu, which is part of Sino Pharma Group of Companies (Sinopharm).
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