WaferGen Biosystems Inc. will sell preferred shares in a Malaysian subsidiary to raise $1.5 million.

The Fremont company makes technology used by biology and drug companies for genetic analysis.

In this deal, it agreed to sell shares in WaferGen Biosystems (M) Sdn. Bhd., its Malaysian unit. Buyers include Prima Mahawangsa Sdn. Bhd. and Expedient Equity Ventures Sdn. Bhd.

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