yeah, they replaced the previous chairman with someone with more connections, means more money for the company also

I saw some videos online, got gloves and large office and facility

Inix Technologies Holdings Berhad (0094) Signs Memorandum of Agreement with World Gloves International Group Sdn Bhd (WGI)
8 December 2020

At a press conference held at World Gloves International Group Sdn Bhd (WGI) headquarters today, Inix Technologies Holdings Berhad (INIX) signed a memorandum of agreement (MOA) to acquire a 51% stake of WGI.

WGI is a supplier of nitrile and rubber latex gloves and has been selling its products to the United States, Europe, the Middle East, Japan and South Korea. It’s products all carry FDA, EN455 and CE certification.

This acquisition, together with INIX’s recent purchase of a 51 l% stake into L&S gloves Sdn Bhd has positioned INIX as a serious player moving into the lucrative glove industry.

They have also welcomed a new chairman to their board, Tan Sri Syed Mohd Yusof Syed Nasir (Tan Sri Jojo) who is known to be a business partner and close confidant of the Sultan of Selangor. Tan Sri Jojo, who was also at the press conference, said entering the glove industry will create sustained and stable profits for the group following a significant increase in global glove demand due to the Covid-19 pandemic. 

INIX is currently trading at RM0.44 and TP expected is RM1.80 based on this new acquisition for the company.

Inix Technologies Holdings Berhad (0094) Secures Additional Production Lines
7 December 2020

A trusted source updated that Inix Technologies Holdings Berhad (INIX) has just successfully secured an additional 10-15 glove production lines.

Rough calculations on a minimum of 10 lines will likely bring in an estimated 70 million pieces per month and together with the existing 2 lines they have recently purchased, INIX will soon have an annual capacity of 1 billion gloves. This does not include the 14 production lines in the pipeline under their newly purchased L&S Sdn Bhd, will will eventually increase its production capacity to 2 billion pieces annually.

INIX is currently trading at RM0.48 and TP based on this news should increase to RM4.80

Inix Technologies Holdings Berhad (0094) Moving Ahead with Covid-19 Vaccine Purchase
7 December 2020

Rumours of INIX securing covid-19 vaccine has been in the market for a few weeks and a trusted source has revealed that INIX has finally inked the purchase agreement and the first batch of vaccine is anticipated to arrive in a matter of days.

This new addition to their current portfolio of glove and IT business is set to push company revenue and profit to a new level.

INIX announced its new venture into the glove business on Friday (4 December 2020) and its share closed at RM0.33 by the end of trading day and has since raised to RM0.42 (up 0.09 cents) by the first hour of Monday morning (7 December 2020) based on the glove venture announcement alone.

Looking at the share market response to vaccine related news, there is little doubt that the market will respond favourably once the announcement of this vaccine deal has been made and TP is expected to be at RM2.50.

@kira2688 I got my sources la bro

A: Inix Technologies Holdings Berhad (0094) on a steady pathway into the Rubber Glove Industry

5 Dec 2020

Inix Technologies Holdings Berhad (“INIX”) have just paid a 45% deposit to acquire 51% stake of L&S Gloves Sdn Bhd as part of INIX’s plan to penetrate into the lucrative rubber glove industry. L&S Gloves currently has 2 rubber glove production lines producing 120 million pieces per year and with the injection of funds from INIX, will increase an additional 14 lines for rubber and nitrile gloves, increasing its its production capacity to 960 million pieces per month.

In addition, a trusted source has revealed that INIX is currently in talks to takeover another existing company with 16 production lines which will increase INIX’s overall capacity to 1.92 billion pieces per year.

This move to purchase existing production facilities with an existing experienced management team reduces the turnaround time on production and helps the company avoid having to go through the initial learning curve.

The management of INIX firmly believes that even if the vaccine for covid is found, the demand for PPE like gloves with continue to sustain. Nonetheless, it is rumoured that INIX has also secured the distributorship of covid vaccine from 3 chinese pharmaceutical companies and necessary approvals from the health ministry and will be kick starting clinical trials soon.

INIX is currently traded at RM 0.33 cent prior to the addition of its new venture into the glove industry and and with this new investment it’s TP is anticipated to rise to at least RM1.50.

Compared to other new entrants to the glove industry which has made announcement of intention has yet to start production such as AT Systemization, INIX is a better choice as it will have an existing production facility from this purchase.

谁怕死要卖的快快卖咯 我扫货咯

All in again lo
Tomorrow limit up jo

管他们是洗钱还是什么...真希望它能炒上7-8 块
反正我就2毛多3毛都all in了...多谢inix让我买豪宅
其他股都看不到希望

Duria榴莲厂要收购inix将炒上3块钱融资来发展5千疫苗的榴莲地与度假村