Quick take: LYC rises 3.6% on partnership with Biofresh


KUALA LUMPUR: Shares in LYC Healthcare Bhd advanced over 3.6% in early trade Tuesday following its partnership with Biofresh Hygiene Services Sdn Bhd to market hygiene, sanitisation services.

The counter added 3.66%, or 1.5 sen to 42.5 sen with 3.14 million shares traded. So far this year, LYC has risen some 40%.

LYC Healthcare is partnering with Biofresh Hygiene Services Sdn Bhd to market cleanliness, hygiene and sanitation services in Malaysia amid rising awareness of hygiene due to the Covid-19 pandemic.

Its wholly-owned subsidiary LYC Medicare Sdn Bhd had entered into a hygiene and disinfection services collaboration agreement with Biofresh where the former will market a range of cleanliness, hygiene and sanitation services on behalf of the latter.

LYC Medicare will be granted the rights to use all the marketing materials developed by Biofresh to generate sales for Biofresh hygiene services, valid for a period of three years and may be extended subject to mutual consent of the two parties in writing.

Under the partnership, LYC Medicare will be entitled to 30% of revenue generated in Malaysia from clients secured by the company, with the amount being exclusive of all applicable taxes.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

LYC Healthcare , Biofresh Hygiene

   

Next In Business News

Palm falls nearly 10% on cheaper US soyoil
Indonesia c.bank says key rate "already low", eyes virus outbreak
Oil prices climb as demand outlook improves, supplies tighten
Bitcoin jumps after Musk says Tesla could use it again
Serba Dinamik appoints EY as independent reviewer
Taiwan’s Hon Hai subsidiary buys 120m DNeX shares
FBM KLCI rebounds after three days of losses
Ahmad Nazim appointed LTAT CEO
Anomaly in Top Glove’s ADR positive for shares on Bursa, SGX
CGS-CIMB Research keeps GDP forecast of 4.4% for 2021

Stories You'll Enjoy


Vouchers