KUALA LUMPUR: Key Alliance Group Bhd
plans to acquire a 30 per cent stake in Tree Med Sdn Bhd, a local medical devices supplier, for RM14 million.
In a statement today, Key Alliance managing director Roy Ho said the upon completion, the acquisition would position the group as a complete player in the medical supplier market for in-vitro diagnostics, as well as open doors for it to participate in future vaccine sales and core lab products.
"The scope would not be limited to just COVID-19 vaccines but include others such as standard annual influenza vaccinations, ” he added.
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