PETALING JAYA: Former Miss World Malaysia Jacqueline Ngu has develop into a considerable shareholder in Malaysian Genomics Useful resource Centre Bhd (MGRC) after snapping up seven million shares or a 5.1% stake within the firm.
In a submitting with Bursa Malaysia immediately, MGRC stated Ngu acquired the stake within the genomics and biopharmaceutical firm yesterday. Nonetheless, the precise buy value was not disclosed.
However, primarily based on MGRC’s closing share value of 45.5 sen on the identical day, her stake might be valued at roughly RM3.19 million.
Ngu, from Sarawak, was topped Miss World Malaysia in 1993 and represented the nation on the Miss World 1993 pageant. Her Instagram profile lists her as an “entrepreneur and personal investor”.
MGRC chairman Azri Azerai stated in an announcement immediately that the corporate is happy to have Ngu on board in addition to having extra people with helpful contributions like hers to affix the corporate.
“We’re delighted to welcome Datin Sri Jacqueline to MGRC and Rinani Group Bhd and sit up for including extra valued people like her to the group.
“Along with her perception and assist, we’ll seize alternatives that can capitalise the expansion of MGRC in the long term,” he stated, including that Ngu has an “underlying ardour” in healthcare and sciences.
In an earlier improvement, Rinani Group acquired a considerable stake in MGRC by buying a 5.85% holding two weeks previous to Ngu buying her shares.
An MGRC submitting on July 18 revealed that Rinani Group subsequently upped its stake to 11.21%.
MGRC additionally just lately introduced the profitable completion of a non-public placement to lift funds for its enlargement plans.
The location concerned issuing seven million abnormal shares at a problem value of 41 sen per share, producing gross proceeds of round RM2.87 million.
These funds can be allotted to the corporate’s working capital and to offset the estimated bills associated to the personal placement.
As a part of its enlargement technique, MGRC is contemplating a number of initiatives together with a possible rebranding from Malaysian Genomics Useful resource Centre Bhd to Rinani Life Sciences Bhd.
Different plans additionally embody a proposed discount in its issued share capital, and introduction of a long-term incentive plan that would cowl as much as 30% of the full issued share capital.
On the shut of commerce, MGRC’s share value was up 0.5 sen or 1.1% to 46 sen, giving it a market capitalisation of RM59.25 million.