Synergistic move

Following the acquisition, Noor Azri Noor Azerai who was redesignated as an executive director of MGRC effective from Feb 16 this year, will oversee the business development, human resources and finance functions of the group.

KUALA LUMPUR: Bintai Kinden Corp Bhd, a specialist in mechanical and electrical engineering services has emerged as a substantial shareholder with an equity stake of 5.03% in Malaysian Genomics Resource Centre Bhd (MGRC).

In a statement yesterday, MGRC said Bintai has acquired 6.25 million shares through its wholly-owned subsidiary Bintai Trading Sdn Bhd on Feb 17.