Changes in low-profile genetic screening services outfit MGRC

TheStar Sat, May 23, 2020 09:00am - 3 years View Original


MGRC atff at work in the company's lab. - Filepic

SOME changes are taking place in low-profile Malaysian Genomics Resource Centre Bhd (MGRC).

The company, which offers genetic screening services, has seen the exit of some major shareholders in recent weeks. These include Malaysia’s sovereign wealth fund, Khazanah Nasional Bhd, and business tycoon Tan Sri Koh Kin Lip.

A little-known private equity firm, Crest Advisory Bhd, has become MGRC’s new single largest shareholder, following the exit of Khazanah’s indirectly-owned Synamatix Sdn Bhd in May.

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