KUALA LUMPUR: Pecca Group Bhd extended its downtrend this morning by falling over 6.3%.

       The manufacturer of automotive leather seat interior fell 6.35%, or 24 sen to RM3.54 at 9.36am. It has fallen some 14.7% since Aug 3.

       Rentas Health Sdn Bhd, in which Pecca has proposed to acquire a 51% stake, has secured a RM25.2mil contract to supply Covid-19 polymerase chain reaction (PCR) test kits to the Health Ministry (MoH).

       Rentas said its South Korean-manufactured PCR test kit will be used in 21 government hospitals nationwide, including Hospital Kuala Lumpur, Hospital Sungai Buloh and the Sarawak Heart Centre.

       The test kit venture is being undertaken in partnership with LG International Corp, with Rentas appointed as the sole distributor in Malaysia, the company said.

       Last week, Pecca announced that it is buying a 51% stake in Rentas for RM100mil in a cash and stock deal to venture into healthcare-related business.