As I mentioned yesterday in seacera forum, there will be a breaking news announced by seacera, it will be a "fat meat" project instead of some small project.. However, not much believe on my sources, and those who believe it, congratulation to u all, here are the breaking news from the edge..
KUALA LUMPUR (Jan 12): Tiles manufacturer Seacera Group Bhd ( Valuation: 2.40, Fundamental: 2.30) is diversifying into the medical devices business after signing a subscription cum shareholders agreement (SSA) with Proligen Sdn Bhd to set up the country's first polysulfone dialyser manufacturing plant in Melaka.
The SSA involves a subscription of 520,000 shares of RM1.00 each, with the share premium of RM4.70 each in Proligen at a subscription price of RM2.96 million.
Proligen will effectively be a 51% owned subsidiary of Seacera.
"The plant in Melaka will produce two million pieces of dialyser annually, and is expected to generate a profit before tax (PBT) of at least RM75 million within three years from the production commencement date," group managing director Zulkarnin Ariffin said after the signing ceremony with Proligen.
source from the edge
p/s: This time I don mention what's the tp is.. Market will show u how high it can fly
Tom
why sell on news?
Posted by Tomm > Jan 12, 2016 02:17 PM | Report Abuse
Sell on news!
2016-01-12 14:19