MEMORANDUM OF UNDERSTANDING UCREST BERHAD ("UCREST" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") WITH RUSSIAN DIRECT INVESTMENT FUND ("RDIF") Further to the announcements made by the Company on the MOU between Company and RDIF on 9 April 2021, 14 April 2021, 28 April 2021, 19 May 2021 and 20 May 2021, the Board of Directors of UCrest wishes to announce that the Company has on 9 June 2021 entered into a MOU with an additional new contract manufacturer in China and secured the capacity to produce the Sputnik V vaccines of up to 100 million doses per year for 2 years.
Depending on the dynamic of the pandemic, the Company expect it will be likely to contribute positively to the net assets per share of UCrest group for the financial year ending 31 May 2022.
UCrest does not foresee any exceptional risks other than pandemic risks, execution risks, political risks and country risks associated with the agreements.
None of the Directors and/or major shareholders of UCrest or persons connected with them have any interests, direct or indirect, in the agreements.
Agree, this is the 2nd time announcement of MOU with unnamed manufacturer, Ucrest price movement shown most not so concern anymore. Botak got to get a formal Agreement with terms and condition stated then only can start produce the said Vaccine.
Posted by bojed > Jun 9, 2021 6:05 PM | Report Abuse
This smells a bit like Kanger. Good thing I only bought 1 lot as a testing subject LOL!
Make things simple la…. No need to argue la… whoever doesn’t believe, just don’t buy, whoever believes just hold or buy more. I just don’t understand la, the non believers are the ones who are so excited ! Been active here since the announcement been released …. They are so free, so busybody…..so free ah? Why you hate Ucrest so much? Personal incident?The boss tibai you before? Your axx is still painful now?….. lol
Razifffffffffffff82, lost count how many f.... 1.50 wouldn't be too long...The vaccine trial runs by the contract manufacturers are 3 months, is almost 2 months by now, just need to wait for another month plus only.... if the runs are successful........sky is the limit !.... we will see !!!....hehehe
If they are prepared to be transparent by revealing who the manufacturers are,we can look at the bright side of it otherwise rain drops keep falling........
Technically, just touch on SMA50, it is crucial to hold above this level.
I am still skeptical how they can start trial vaccines production when there is no formal Agreement. The whole deal seems so impractical, and not realistic. I still wait for clearer picture to re-enter, I don't want to end up with huge losses like those in Kanger. If the deal not materialise, the price now can cause a big hole in our pocket.
aiyooyoo @Joyvest, people told you manufacturers are trade secret la.... not only told you, told Bursa oso la, you never read ah ? you want them to be transparent ah ?.... why ?...you want to see through what color is their underwear ah?......hehehe
Dnex is cup and handle now, Ucrest if move up from SMA50 then it might form double bottoms to move up. So it is crucial at this point, the plus point is today volume not high.
last mou said two, now add one more...three manufacturers already.. online information also says three...the number of doses per year also matched 100 doses per year for two of those manufacturers..the other one is 60 doses per year
The pattern that i realize is like this, it either joyvest come out with shocking bad news ---the price will increase....or joyvest didnt say anything for sometime-----good announvement is then come out...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kristina Melody
174 posts
Posted by Kristina Melody > 2021-06-09 13:09 | Report Abuse
yeah, too quiet. hummmm.....