Metronic Global Bhd (MetGlobal) is eyeing South Africa and the Middle East as potential markets to grow its business in healthcare systems.
Group managing director Dr Ng Tek Che said parties from these countries had expressed interest in MetGlobal’s solutions in this sector but the group had yet to schedule any formal talks.
“These interested parties want us to help manage their bills and healthcare systems. The markets have huge growth potential and present good opportunities for us,” he told StarBiz recently.
Ng said although MetGlobal’s core business was related to the management of building systems and the provision of technology solutions for cities, it wanted to strengthen its other business, such as Metronic iCares Sdn Bhd, for diversification.
The 51%-owned Metronic iCares is involved in providing solutions in healthcare services and electronic systems to manage transactions and databases for this sector.
Ng said following MetGlobal’s transfer of listing from Mesdaq to Bursa Malaysia’s main board, it planned to acquire businesses in the telecommunications sector before the end of the year.
“We are looking for businesses that will add value to the group and to establish MetGlobal as a multinational company.
“We are focused on providing solutions through technology as well as build, operate and transfer-type projects to ensure recurring income,” he said.
Ng also said MetGlobal was looking at the possibility of listing its subsidiaries, namely Metronic iCares and Ariantec Sdn Bhd, between 2008 and 2009 but did not elaborate.
In a press release yesterday, MetGlobal announced that it had successfully transferred the listing of its entire enlarged issued and paid-up share capital of RM63.49mil comprising 634,906,90 10 sen shares.
MetGlobal said the transfer would better reflect the group’s current level of operations and profitability.
“It will also enhance the reputation of MetGlobal and improve the confidence of the group’s employees, clients and bankers.”
Source: the Star
