(PUC, 0007, GEM) to acquire the full equity of Singapore Enovax Sdn Bhd for $ 2 million (approximately $ 6.28 million 6,200) to expand its technology business, in particular e-commerce and payment, advertising and Media field.
The company reported to the exchange yesterday, and Enovax Chairman and Chief Executive Officer Fu Yong (transliteration) signed a conditional stock sale and purchase agreement, look at within 2 months to complete the financial and legal precision audit, and the appointment of Singapore membership permanent Founder of the technical director, for a period of 3 years.
Holding a 4.63 million contract
The Board believes that Enovex's expertise in R & D software can add value to Founder, and at the same time, Founder has made a positive contribution to earnings and earnings this fiscal year. As of the end of last year, Enovex received a $ 4.63 million contract.
"The acquisition of Enovax will drive Founder 's expansion and long - term growth plan to become a leading provider of digital services," said Chief Executive Zhang Jiazhou, Chief Executive Officer of the Founder.
The board is expected to complete the above sub-season or before
KUALA LUMPUR (May 2): PUC Founder (MSC) Bhd announced a slew of boardroom changes today, together with appointment of its group managing director Cheong Chia Chou as group chief executive officer (CEO).
Chia Chou, 41, took over the post from Hiew Wai Yoon, 42, yesterday (May 1), after the latter's resignation took effect on the same day to make way for a board with a majority of independent directors to improve the group's corporate governance standards.
Chia Chou, who has a master's degree in computer science from the National University of Singapore, is also the founder, director and major shareholder of Pictureworks Holdings (M) Sdn Bhd, which has operations in seven countries and is headquartered in Singapore.
Together with Hiew, PUC Founder's executive director Cheong Tze Wai, 36, also quit his post for the same reason, according to PUC Founder filings on Bursa Malaysia.
While Hiew will assume the role as group chief commercial officer, Tze Wai shall focus on his role as group chief strategy officer.
Another new appointment is Lee Pei See, 41, who is now PUC Founder's chief financial officer. Prior to joining PUC Founder, she was the financial director for SEEK Ltd’s Asian unit, SEEK Asia Group. Lee has about 20 years of experience in finance-related functions.
die liao like that. new ppl need to take time to familiarize with the company environment, culture and business. take time to adapt, or they may even quit if found not suitable. Old ppl no face-si if new ppl perform well, so dunno whether will work to support new ppl or not. sei-for, additional risks. Even that the new ppl very good and can bring fortune to the company, it take time,. sei-for oso cos the short term contra player see want hold long, take time to up... they may just dump the share and go for a quicker one... die liao this time...
KUALA LUMPUR (May 4): PUC Founder (MSC) Bhd has embarked on the next phase of its development by unveiling a new leadership team and reiterating its commitment to its business direction.
PUC group managing director and chief executive officer Cheong Chia Chou, who will be supported by a key management team, will continue to helm the company.
"We are optimistic about the future growth and potential of PUC as we continue to build on the company's technological prowess and competency which will be a driving force across all of our business," he said at a media briefing today.
ACE Market-listed PUC's core business still remains in integrated media services, e-commerce, technology and renewable energy.
"PUC's commitment will continue to be about developing our businesses in four key segments as each and every focus business area is important to our continued growth and advancement.
In addition to introducing the new leadership line-up, Cheong reiterated PUC's commitment in exploring new and viable business opportunities that will benefit the group as a whole.
"There is a need for industries to embrace all things digital beyond existing traditional mediums to transform into leading digital players and [that] is where we are headed," he said.
Yesterday it was green for whole sessions and very much higher volume when the market was battled by the news of TRX and Bandar Malaysia fiasco. Good potential to move up further comes Monday and so on...
The facts is there and the good news is slowly coming out, so what you guys think will happens next week? For me sure PUC will fly high soon,,,,,,,,,. hahaha ,,,,,,,,and don't forget to watch MRCB next week got good news la.
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....
tksw
12,840 posts
Posted by tksw > 2017-04-28 17:19 |
Post removed.Why?