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OTHERS BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR "THE COMPANY") JOINT VENTURE BETWEEN BIOALPHA (HAINAN) HEALTH BIOTECHNOLOGY LIMITED AND SUZHOU MEDICALSYSTEM TECHNOLOGY CO. LTD.

BIOALPHA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR "THE COMPANY")
JOINT VENTURE BETWEEN BIOALPHA (HAINAN) HEALTH BIOTECHNOLOGY LIMITED AND SUZHOU MEDICALSYSTEM TECHNOLOGY CO. LTD.

Pursuant to Rule 9.04 of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Bioalpha wishes to announce that its indirect wholly-owned subsidiary, Bioalpha (Hainan) Health Biotechnology Limited (“BHBL”) had on 17 September 2021 entered into a joint venture agreement (“JVA”) with Suzhou Medicalsystem Technology Co. Ltd. (“MEDIC”)(hereinafter referred to collectively as “Parties” and individually as “Party”) to formalize and set out the basic terms of their relationship with each other via their respective investment participation in the joint venture through a joint venture company (“JVCO”) to be incorporated to carry out the business of the joint venture in Suzhou Industrial  Park, Jiangsu Province, China as disclosed below (“Proposed Joint Venture”).

 

Please refer attachment for full details of the announcement.

 

This announcement is dated 17 September 2021.




Please refer attachment below.



Announcement Info

Company Name BIOALPHA HOLDINGS BERHAD
Stock Name BIOHLDG
Date Announced 17 Sep 2021
Category General Announcement for PLC
Reference Number GA1-17092021-00061




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