Mestron to invest RM20m in vaccine distribution venture

Mestron managing director Por Teong Eng said the company had obtained a clearance letter from the Health Ministry to start negotiations and cooperation with any companies from China for the vaccine in Malaysia.

KUALA LUMPUR: Mestron Holdings Bhd is expected to invest up to RM20mil in its tie-up with China-based Zhongyu Yexing (Chengdu) Industrial Co., Ltd to distribute the Covid-19 vaccine in Malaysia.

In a statement on Friday, Mestron said the RM20mil will be financed via its own funds, bank loans and proceeds from a private placement.