KGROUP

0.010

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Key Alliance Sdn Bhd, a wholly-owned subsidiary of Key Alliance Group Berhad, appointed as representative for registration, marketing and distribution of COVID-19 RT PCR Kits, produced by Wells Bio Inc (Appointment)

KEY ALLIANCE GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-28052020-00001
Subject Key Alliance Sdn Bhd, a wholly-owned subsidiary of Key Alliance Group Berhad, appointed as representative for registration, marketing and distribution of COVID-19 RT PCR Kits, produced by Wells Bio Inc (Appointment)
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
Query Letter Contents

We refer to your Company’s announcement dated 22 May 2020, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. Duration of Appointment and whether renewable. If so, for how long.
  2. Authorities with which the test kits will have to be registered, expected date(s) of submission to these authorities, and expected timeframe within which the decision of these authorities will be received.
  3. The type of customers to whom the test kits will be marketed/sold.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

Listing

Regulation

                                                                                                                                                                        

Cc : Market Surveillance Dept., Securities Commission (via fax)

Further to the announcement on 22 May 2020 and Bursa Malaysia Berhad’s query letter dated 28 May 2020, the Company wishes to furnish additional information in respect of the aforesaid matter as set out below for public release:

 

  1. Duration of the Appointment is effective immediately up till 15th August 2020 and shall be extended automatically with a firm purchase order, or by receipt of a corresponding extension from the principles in the event the registration process extends past the validity date.
  2. The Care Gene Covid-19 RT - PCR test kit requires registration and approvals from the Medical Device Authority (MDA). The expected date of submission for the registration and licenses are the 1st week of June. Preliminary groundwork in team building and document preparation has already begun on the 27th of May 2020. The registration is expected to take between 1 to 2 months. 
  3. The kits will be marketed/sold to private sector corporations/businesses with large workforces, private clinics and private hospitals. A team is currently being established to spearhead this venture. 

 

This announcement is dated 28 May 2020.





Announcement Info

Company Name KEY ALLIANCE GROUP BERHAD
Stock Name KGROUP
Date Announced 28 May 2020
Category General Announcement for PLC
Reference Number GA1-28052020-00118