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Kiing Member Star
Total Cumulative Posts 1
Joined Apr 2020
Country MALAYSIA
Gender Male


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STOCK: NEXGRAM (0096)

Blog 14 Apr 2020, 9:09:24 PM

Came across this at their company's website. it does say that it wont have any material impact in their upcoming financial ending but it should be positive in the next financial. Interesting counter. 

Quote taken from : https://nexgram.co/2020/03/31/nexgram-industries-enters-distribution-agreement-for-mda-approved-covid-19-medical-supplies-31-mar-2020/

31 March 2020 – Nexgram Holdings Berhad wishes to announce that Nexgram Industries Sdn. Bhd., the wholly-owned subsidiary of the Company had entered into an Exclusive Master Distributorship Agreement with Tri-G Technologies Sdn. Bhd. (“Tri-G”) to carry out the business of procurement and distributing Tri-G’s medical supplies, including medical devices and Coronavirus test kits.

Malaysia Medical Device Authority (MDA) special access approved items include COVID-19 IgM/IgG rapid test kit which is used for qualitative detection of the IgM and IgG antibodies of COVID-19 in human serum/plasma or whole blood. Tests typically take two (2) to fifteen (15) minutes to complete. The distribution is dedicated to medical centres only and all test are advised to be conducted by a licensed phlebotomist, medical practitioner or professionals.

According to Tri-G, other medical devices such as quantitative RT-PCR (Reverse Transcription Polymerase Chain Reaction) or RT-qPCR (Quantitative Reverse Transcription PCR) machines, reagents and test kits, ICU ventilators, and PPE are some of the medical supplies facing global supply shortage.

The medical supplies distributed to public hospitals are dedicated to Nexgram Covid-19 AID Team, contributing back to Covid-19 pandemic relief.

MDA is the government agency entrusted to serve the Malaysia medical device’s industry. It is a federal statutory agency under the Ministry of Health Malaysia to implement and enforce the Medical Device Act 2012 (Act 737). The main objectives of the Act are to address public health and safety issues related to medical devices and to facilitate medical device trade and industry.

Tri-G is a MDA licensed medical supplies distributor with GDPMD certificate.

The Agreement is not expected to have a material effect on the net assets, gearing or earnings of the Company and its subsidiaries for the financial year ending 31 July 2020.

About Nexgram Industries

Nexgram Industries Sdn Bhd (NISB) is a wholly owned subsidiary of Bursa Malaysia listed Nexgram Holdings Berhad (NEXGRAM). NEXGRAM is a diversified investment company having businesses from IT, security and surveillance, logistics, property and various industries.

NISB invest in industrialisation 4.0 business which strives in automation, big data, and artificial intelligence. The company currently provide industrial cable solution for the telecommunication market, as well as carrying master distributorship for Electronic Vehicle (EV) charging solution in the South East Asian markets via NISB wholly owned subsidiary Nexgram Zhida New Energy Development Sdn Bhd. Some of Zhida technology clients include Tesla, Volvo, SAIC, JAC, Nissan, Porsche and SVW.


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