Malaysian Bio Xcell Sdn Bhd

Bio xcell chairman datuk iskandar mizal mahmood said the phase one development entailed an investment cost of rm950mil funded by foreign direct investments islamic debts and shareholders equity.

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Malaysian bio xcell sdn bhd. Bio xcell is strategically located on 160 acres in iskandar puteri within the iskandar region of johor malaysia and close to the border with singapore providing global connectivity through a network of five seaports and two international airports all. The sale of a central utilities facility cuf and an eight acre parcel owned by malaysian bio xcell sdn bhd mbio in bio xcell biotechnology park in johor to indian bio pharmaceutical company biocon ltd has met with resistance from the federal government sources say. The sale was done via receiver and manager r m adamprimus chartered accountants which was appointed by maybank islamic bhd in march after bio xcell became insolvent in february 2019.

Biocon ltd india s largest biopharmaceutical company has offered to buy the central utilities facility cuf and an eight acre parcel owned by malaysian bio xcell sdn bhd bio xcell for rm25 million according to sources familiar with the deal. 2011 kini 9 tahun. Bio xcell a biotechnology park ecosystem dedicated to healthcare and industrial biotechnology developed by malaysian bio xcell is a joint venture company formed between malaysia biotechnology. As a result over 80 acres of land within the southern industrial and logistics clusters silc in iskandar puteri johor have been put up for sale to recover sums owed.

It is understood that the ministry of finance mof had asked the johor government to prevent the sale to biocon. Malaysian bio xcell sdn bhd bio xcell a 60 40 joint venture between the government s biotechcorp investment holdings sdn bhd and property developer uem sunrise bhd has gone into receivership. Malaysian bio xcell sdn bhd bio xcell or appellant was the main contractor in a build lease and transfer agreement dated 1 november 2010 to design build equip test and commission a biotechnology facility for the production of propanediol on a piece of land located in the appellant s biotechnology park in johor bahru. Bio xcell a biotechnology park and ecosystem dedicated to healthcare and industrial biotechnology is being developed by malaysian bio xcell sdn bhd a joint venture company formed between.