Inno Biologics Sdn Bhd has been granted an eight-year loan of RM42mil by Bank Industri & Teknologi Malaysia to partly finance its biopharmaceutical production plant in Putra Nilai.
The balance of the cost would be financed by internal funds amounting to RM38mil, Bank Industri chairman Tan Sri Othman Mohd Rijal said after the signing of the term loan agreement in Kuala Lumpur yesterday.
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