For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements 23 February 2021 and 21 May 2021 in relation to the MOU, where applicable, unless stated otherwise or defined herein.)
With reference to the Company’s announcements made on 23 February 2021 and 21 May 2021, the Board of Directors of ATS wishes to inform that there has been no material development on the status of the MOU between AGESB, a wholly-owned subsidiary of ATS, and KSB whereby KSB engages AGESB to manufacture and supply nitrile examination gloves based on the terms of the definitive agreement to be signed thereafter.
AT Systematization inks agreement to supply 30 million boxes of nitrile gloves
23 Feb 2021
KUALA LUMPUR (Feb 23): While there is a growing concern that the demand for rubber gloves will normalise sooner than later as vaccination continues globally, AT Systematization Bhd today inked an agreement with Kenteam Sdn Bhd (KSB) to manufacture and supply nitrile examination gloves.
In a filing exchange, the group said its wholly owned subsidiary, AT Glove Engineering Sdn Bhd, has reached an agreement to supply 30 million boxes of nitrile examination gloves for a period of 12 months and allocate 10 production lines to KSB.
It said KSB has been principally involved in the business of marketing and export of nitrile examination gloves to the United States, Canada, Europe, Japan and other countries over the past few years.
Meanwhile, AT Systematization also has agreed to deliver original equipment manufacturing services to KSB at KSB brand name, KENTeam.
Commenting on the agreement, the group said this will not only be able to broaden its product offerings to its customers via the promotion and marketing of the products, it will also be able to expand its customer base to the United State, Canada, Europe, Japan and other countries under KSB.
“Barring any unforeseen circumstances, the execution of MOU (memorandum of understanding) is expected to contribute positively to the future earnings of ATS Group once the products have been marketed, sold and distributed by KSB,” it said.
At noon break today, shares of AT Systematization closed unchanged at 15.5 sen, giving it a market capitalisation of RM655.51 million.
ATIANS hip hip hooray~~~ Anyone here still in ATIANS?? Luckily i follow them half way... fast fast cabut on last yr... Wish them good luck who still dump in their hard earned $$$... those admin still tok kok that 15c the lowest, then 10c the lowest, 7c the loweesssst... Now 5c already bro... still day dream ar?? from high peak 30c to 5c, calculate how many % lar
Someone keep issuing ESOS and think can hit 0.50cents and make instant million. But market will not allow it. So easy make money kah... Market kasi 0.005cents lower for every ESOS collected.
definitely negative QR as money being park on other operating expenses. Please don't put your hard earn money in this counter as you'll end up with zero when price keep on lower and consolidation ahead.
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....
greenberg
197 posts
Posted by greenberg > 2021-08-22 17:47 | Report Abuse
It over, run…..