KUALA LUMPUR (Oct 6): Hil Industries Bhd’s share price rose more than 8% in Bursa Malaysia morning trade today after the company said yesterday its 100%-owned subsidiary Hil Medic Sdn Bhd had received approval from the Ministry of Health’s (MoH) Medical Device Authority (MDA) to manufacture face masks and face shields.
At 9.04am today, Hil Industries’ share price had risen seven sen or 8.43% to 90 sen.
The stock saw 953,400 shares traded. At 90 sen, it was valued at about RM298.75 million.
Yesterday, Hil Industries said in a Bursa filing that Hil Medic recently obtained ISO 13485 certification from Sirim QAS International Sdn Bhd for medical manufacturing and as such the subsidiary is now a licensed manufacturer of medical devices.
"The board of Hil Industries is confident that the venture of its subsidiary into the face mask and medical device industry will contribute positively to the results of the group,” Hil Industries said.