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Thursday, 14 June 2018 | MYT 10:03 AM

Supermax hits all-time high

KUALA LUMPUR: Shares of Supermax Corp Bhd hit a record RM4.02 on Thursday trading after securing Japanese licence for its contact lens business.


The stock hit a high of RM4.02 in early trade, up 2.81%, or 11 sen with over 2.1 million shares traded.


Supermax announced that its 70%-owned Japanese unit Aime Supermax KK has been granted the product licence for its contact lenses by the Pharmaceutical and Medical Device Authority of Japan.


Supermax said a formal notification was received by Aime KK, which is 100% owned by Aime Supermax.


The product licence effectively enables the Supermax Group via SuperVision Optimax Sdn Bhd to export the first Malaysian brand contact lens to Japan, one of the world’s largest markets for contact lenses.