Quick take: BCM rises 3.2% on partnership with rLoop


KUALA LUMPUR: Shares in BCM Alliance Bhd rose over 3% in active trade in early trade Tuesday following its partnership with Hong Kong-based rLoop Ltd.

The counter added 3.23%, or 0.5 sen to 16 sen. It is currently the third most active counter on Bursa Malaysia with 28.9 million shares traded.

BCM-OR tumbled 95.83%, or 11.5 sen to 0.5 sen with 133 million shares done.

BCM is teaming up with rLoop to manufacture and assemble virus attenuation devices using photon-mediated electrons and emitters under rLoop’s own brand name “rGuard”.

BCM’s wholly-owned subsidiary BC Medicare Sdn Bhd entered into a memorandum of understanding (MoU) with rLoop on the proposed project.

"The MoU enables the company to penetrate into virus attenuation or reduction devices business that might yield attractive return to the group," it said.

The MoU is effective for three months.

In addition, BCM said BC Medicare and rLoop have received a letter of offer from China-based Euro-China Technology Achievement Transformation (Tianjin) Co Ltd (EC Tech) to purchase 100,000 units of the virus attenuation devices worth US$200mil (RM845mil).

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