The Board of Directors of BCM Alliance Berhad (“BCM” or “the Company”) is pleased to announce that Maymedic Technology Sdn. Bhd., a wholly-owned subsidiary of BCM, had on 10 November 2016, entered into an Agreement and Supplementary Agreement (“Contract”) with Quantum Medical Solutions Sdn. Bhd. (“QMS”) for the supply, delivery, testing and commissioning of medical support services equipment (Biomedical Equipment”) at specified government clinics and to further provide comprehensive maintenance service for the Biomedical Equipment for a total contract sum of RM19,680,000.00 only. The Biomedical Equipment and maintenance services will be supplied and provided over a period of three (3) years based on the roll out plan as set out in the Contract. 

The Contract is not expected to have any material effects on the share capital and shareholding structure of the Company.  However, it is expected to have positive contribution to the earnings per share and net assets per share of BCM group.

There are no significant risks other than operational risk associated with the Contract.

None of the Directors and/or substantial shareholders of the Company or persons connected to the said Directors and/or substantial shareholders have any direct or indirect interest in the Contract.

The Board of Directors, after due consideration, is of the opinion that the Contract is in the best interest of the Group. The Contract being incurred in the ordinary course of business, is not subject to the approval of the shareholders.

This announcement is dated 15 November 2016.