a day ago
- Business
- New Straits Times
EPB Group ventures into AI-powered healthcare equipment, services
KUALA LUMPUR: EPB Group Bhd has incorporated a new subsidiary, AI Medic Device Equipment Supplies Sdn Bhd (AI Medic), to enhance offerings and venture into artificial intelligence (AI)-powered healthcare equipment and services.
AI Medic will focus on the sales, distribution and integration of robotic and automation technologies, as well as AI-driven food processing, packaging machinery solutions, and medical equipment.
AI Medic was incorporated in Malaysia with an issued share capital of RM3,000 comprising 3,000 ordinary shares.
EPB holds an 80 per cent stake, while the remaining 20 per cent is held by Fan Yanlin, who also serves as one of the unit's directors.
Fan, the legal representative, major shareholder and director of Shenzhen Honglin Machinery Equipment Co Ltd, brings extensive industry experience to the partnership.
His expertise is expected to strengthen AI Medic's technological capabilities and commercial prospects.
EPB managing director Yeoh Chee Min said with Fan's strong background and leadership in Shenzhen Honglin, the company is confident the partnership will unlock new value, particularly in the high-growth medical technology segment.
"This move not only complements our core machinery business but also aligns with our long-term strategy of expanding into future-forward sectors with strong demand drivers.
"By combining our local market insights and operational capabilities with Shenzhen Honglin's proven technology and industry expertise, AI Medic is well-positioned to deliver innovative and intelligent medical device solutions to Malaysia and the region," he said.
