ATS just announced a private placement to raise upto RM99.31 millions to fund it's expansion into glove business. Haters started another round of fears mongering to create panic.

This round of Private Placement was part of the fund raising proposal that was approved during AGM on 28/09/20, so this is nothing new and should not be alarming. The purpose of this fund is meant to fund the 13 glove dipping production lines.

Learn more about Private Placement at https://www.investopedia.com/terms/p/privateplacement.asp .

Private Placement is one of the cost effective and efficient ways to raise fund by inviting invesment from private investor who could be investment bankers, mutual funds, venture capitalists, wealthy & accredited) investors & angel investors. These investors are financially savvy and technically competent in due diligence to evaluate the value and potential return of their investment.

These savvy investors having access to wealth of business information, analytical tools and resources that most retail investors is lacking. This serve as a validation of the companies business plan and projected potential growth, ultimately it's potential return of investment. Private Investors could also provide valuable support in terms of network, knowledge and experience. 

Private Placement is healthy to the company in the long run to gain needed capital expenditure without paying the interest like bank loan.This will save hefty interest rate charged on business loan.

So, Private Placement is positive indicator that serve as confidence boaster.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Telegram Group - ATIAN Club Enrolment - https://forms.gle/eL43VzhLq8qeESx36
To get the latest updates, facts and constructive discussion for ATS (0072)
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$