General Announcement for PLC

22/11/2021

OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - TERMINATION OF SUPPLY AGREEMENT BETWEEN BC MEDICARE SDN. BHD. ("BC MEDICARE"), THE WHOLLY-OWNED SUBSIDIARY OF BCM AND MTPS INNOTECH (THAILAND) CO. LTD. ("MTPS") ("THE AGREEMENT")

BCM ALLIANCE BERHAD

Type Announcement
Subject OTHERS
Description 
BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") 
- TERMINATION OF SUPPLY AGREEMENT BETWEEN BC MEDICARE SDN. BHD. ("BC MEDICARE"), THE WHOLLY-OWNED SUBSIDIARY OF BCM AND MTPS INNOTECH (THAILAND) CO. LTD. ("MTPS") ("THE AGREEMENT")

Reference is made to the Company’s announcement dated 15 March 2021 pertaining to the Agreement for the purpose of supplying a total of 10 million units SARS-CoV-2 Antigen Rapid Test Kit to MTPS, the Board of Directors of BCM ("Board") wishes to announce that BC Medicare and MTPS had on 22 November 2021 mutually agreed to terminate the Agreement with effect from 22 November 2021 as MTPS is not able to obtain the Thai Food and Drug Administration (FDA) license from the Ministry of Public Health to distribute SARS-CoV-2 Antigen Rapid Test Kid (“Termination”).   

 

The Termination is not expected to have any material effect on the earnings, net assets, gearing, share capital and substantial shareholders’ shareholding of the Company for the financial year ending 31 December 2021.

 

The Termination is not subject to the approval of the Company’s shareholders and/or any regulatory authorities.

 

None of the directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the Termination.


The Board, having taken into consideration all aspects of the Termination, is of the opinion that the Termination is made in the best interests of the Company.

 

This announcement is dated 22 November 2021. 



Announcement Info

Company Name BCM ALLIANCE BERHAD
Stock Name BCMALL
Date Announced 22 Nov 2021
Category General Announcement for PLC
Reference Number GA1-22112021-00040


Related Announcements for BCMALL
Date Title
08/08/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - SUBSCRIPTION AND ACQUISITION OF 133,700,000 ORDINARY SHARES OF METRONIC GLOBAL BERHAD ("MGB") - DISPOSAL OF 17,200,000 ORDINARY SHARES OF MGB - DISPOSAL OF 33,666,666 WARRANTS B OF MGB
08/08/2022 OTHERS BCM ALLIANCE BERHAD ("BCM") DEALINGS IN QUOTED SECURITIES UNDER RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS
13/07/2022 OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - SUBSCRIPTION OF AN AGGREGATE OF 101,000,000 RIGHTS SHARES AND EXCESS RIGHTS SHARES OF METRONIC GLOBAL BERHAD ("METRONIC") BY BC MEDICARE SDN. BHD. ("BC MEDICARE"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY PURSUANT TO RULE 9.19(26) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
25/04/2022 OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - PROPOSED AMENDMENTS TO THE CONSTITUTION OF THE COMPANY
01/03/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - ACQUISITION OF 4,294,400 ORDINARY SHARES OF BSL CORPORATION BERHAD ("BSL") - DISPOSAL OF 19,849,000 ORDINARY SHARES OF BSL
25/02/2022 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - ACQUISITION OF 4,294,400 ORDINARY SHARES OF BSL CORPORATION BERHAD ("BSL") - DISPOSAL OF 19,849,000 ORDINARY SHARES OF BSL
23/02/2022 OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - ANNOUNCEMENT PURSUANT TO RULE 9.19(27) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
22/02/2022 OTHERS BCM ALLIANCE BERHAD ("BCM") DEALINGS IN QUOTED SECURITIES UNDER RULE 9.20 OF THE ACE MARKET LISTING REQUIREMENTS
12/01/2022 OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - OFFER AND GRANT OF OPTIONS UNDER EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF THE COMPANY
24/12/2021 OTHERS BCM ALLIANCE BERHAD ("BCM" OR "THE COMPANY") - MANUFACTURING AGREEMENT BETWEEN BC MEDICARE SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF BCM AND RLOOP LIMITED AND EURO-CHINA TECHNOLOGY ACHIEVEMENT TRANSFORMATION (TIANJIN) CO., LTD.