<div class=newsTextDataWrapInner>KUALA LUMPUR (March 5): Malaysian Genomics Resource Centre Bhd (MGRC) saw 29 million shares crossed off-market today. This represents 28.02% of the company's total of 103.51 million shares.</div>

<div class=newsTextDataWrapInner>According to Bloomberg data tracking trades of 300,000 shares or more, the stake crossed in one block for a total of RM7.11 million or 24.5 sen per share. The transacted price is an 11.36% premium to the stock's last closing price of 22 sen. It is not immediately known as to whom the parties involved in the transaction are.</div>

<div class=newsTextDataWrapInner>On Feb 28, the group's managing director Robert George Hercus @ Abdul Karim Hercus — via Neuramatix Sdn Bhd — disposed of 4.18 million shares or a 4.04% stake in the group. Hercus is now left with an indirect stake of 56.4% or 58.38 million shares in Malaysian Genomics, held via Neuramatix and Synamatix Sdn Bhd, and a direct stake of 0.077% or 80,000 shares.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>MGRC reported a net profit of RM29.2 million for its six months ended Dec 31, 2019, compared to a net loss of RM1.54 million in the corresponding six months a year ago, mainly due to its gain from disposing of MPath Group, as well as dividend received from the unit. Revenue for the period jumped to RM5.14 million from RM253,000.</div>

Malaysian Genomics Resource Centre Bhd (MGRC) saw 29 million shares crossed off-market today. This represents 28.02% of the company's total of 103.51 million shares.

According to Bloomberg data tracking trades of 300,000 shares or more, the stake crossed in one block for a total of RM7.11 million or 24.5 sen per share. The transacted price is an 11.36% premium to the stock's last closing price of 22 sen. It is not immediately known as to whom the parties involved in the transaction are

28% stake in Malaysian Genomics traded off-market

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