MARKET UPDATES :
Genting Bhd announced that DNA Electronics Limited (DNAe), its indirect 82.1 per cent-owned subsidiary, has completed the acquisition of the entire issued share capital of NanoMR, Inc (NanoMR) for a total cash consideration of about US$24.0 million (US$1= RM3.57).In a filing to Bursa Malaysia today, Genting said the acquisition was completed by way of a merger under the laws of Delaware, United States.NanoMR is a development-stage diagnostics company based in New Mexico while DNAe undertakes research and development on technologies for genetic analysis and sequencing.
STOCK RECOMMENDATION :
BUY MPHB CAPITAL ABOVE 2.105 TARGET 2.145 2.245 SL 1.040
Genting Bhd announced that DNA Electronics Limited (DNAe), its indirect 82.1 per cent-owned subsidiary, has completed the acquisition of the entire issued share capital of NanoMR, Inc (NanoMR) for a total cash consideration of about US$24.0 million (US$1= RM3.57).In a filing to Bursa Malaysia today, Genting said the acquisition was completed by way of a merger under the laws of Delaware, United States.NanoMR is a development-stage diagnostics company based in New Mexico while DNAe undertakes research and development on technologies for genetic analysis and sequencing.
STOCK RECOMMENDATION :
BUY MPHB CAPITAL ABOVE 2.105 TARGET 2.145 2.245 SL 1.040
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