bought warrant 40cent.. watch while eat pop corn.. finally notion fly ... rilex2 je... coz we understand the fundamental and what company doing.. so no need to kanchong if price drop
We refer to the Company's announcement dated 9 April 2020 in relation to New Business Activities in the Healthcare Industry.
The Board of Directors (“Board”) wishes to announce that Notion Venture Sdn Bhd ("NVSB"), a wholly owned subsidiary of the Company, has obtained a Certificate of Registration dated 27 July 2020 from Registrar Corp certified that NVSB is registered with the U.S. Food and Drug Administration for Financial Year 2020 for the face masks (except N95 respirator) for General Public / Healthcare Personnel per IIE Guidance.
NVSB is also in the midst of submitting the samples of N95 respirator to the approved external laboratory so that the results could be forwarded to the National Institute for Occupational Safety and Health (“NIOSH”) for approval. Should the approval on N95 respirator is obtained from NIOSH, the Board is of the view that export of the face masks will be a long-term business of the Group.
The Board wishes to further announce that NVSB has also submitted the application for the halal certification to Jabatan Kemajuan Islam Malaysia (“JAKIM”) and is currently awaiting the outcome of the application. Upon obtaining the certification from the JAKIM, the Company will then able to export the face masks to certain Islamic countries.
The Company will make further announcements whenever there is any material development on the above business activities.
Likely it should be about the higher demands from face masks as many European countries and America are enforcing mandatory to wear masks in public due to spike in Covid19 cases .
After glove, now turn for face mask to sky in the limit..everyone should wears mask in anywhere place with crowd instead of glove.NOTION get approval from US like glove.Should be huge demand especially types N95..Next week above 1.00
Changes in Director's Interest (Section 219 of CA 2016)
NOTION VTEC BERHAD
Information Compiled By KLSE
Particulars of Director
NameMR LEE TIAN YOKEDescriptions(Class)Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
1
16/07/2020
400,000
Disposed
Direct Interest
Name of registered holderLee Tian YokeDescription of "Others" Type of TransactionConsideration (if any)0.7400 Circumstances by reason of which change has occurredDisposal of Ordinary Shares via open marketNature of interestDirect Interest
Total no of securities after change
Direct (units)19,476,446Direct (%)3.857Indirect/deemed interest (units)0Indirect/deemed interest (%)0.000Date of notice20/07/2020Date notice received by Listed Issuer20/07/2020
Remarks :The percentage of holding is based on the issued share capital of 504,975,973 Ordinary Shares. This announcement is also made to comply with Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Announcement Info
Company NameNOTION VTEC BERHADStock NameNOTIONDate Announced20 Jul 2020CategoryChanges in Director's Interest Pursuant to Section 219 of CA 2016Reference NumberCS4-17072020-00015
Above RM1 stock in the coming days as currently stocks involved in health care are surging to new high and new level . Monday opening bell expect heavy buying on notion vtec . Don't missed the opportunity .
KUALA LUMPUR (July 30): Notion VTec Bhd said today that its wholly-owned subsidiary Notion Venture Sdn Bhd (NVSB) has been registered with the US Food & Drug Administration (FDA) as a face mask manufacturer.
Notion VTec, which is already an established hard-disk drive and automotive component manufacturer, said face mask production is part of the group's new business activities in the healthcare industry.
In a statement to Bursa Malaysia today, Notion VTec said NVSB has obtained a certificate of registration dated Monday (27 July 2020) from US-based Registrar Corp, certifying NVSB is registered with the US FDA for financial year 2020.
Notion VTec said the certification involves face masks produced by NVSB for general public and healthcare personnel use. Notion VTec said the certification excludes N95 respirators.
"NVSB is also in the midst of submitting the samples of N95 respirator to the approved external laboratory, so that the results could be forwarded to (the US-based) The National Institute for Occupational Safety and Health (NIOSH) for approval.
"Should the approval on N95 respirator be obtained from NIOSH, the board (of Notion VTec) is of the view that (the) export of the face masks will be a long-term business of the group.
"The board wishes to further announce that NVSB has also submitted the application for the halal certification to Jabatan Kemajuan Islam Malaysia (JAKIM) and is currently awaiting the outcome of the application. Upon obtaining the certification from the JAKIM, the company (Notion VTec) will then able to export the face masks to certain Islamic countries," Notion VTec said.
Notion VTec said it will make further announcements whenever there is any material development on its healthcare-related business activities.
Notion VTec views its new business in the healthcare industry as a social responsibility to curb the Covid-19 pandemic.
On April 9, 2020, Notion VTec said in a Bursa filing that in light of the Covid-19 outbreak, the company had decided to venture into the production of personal protective equipment and medical ventilator components.
Today, Notion VTec's share price closed up 9.5 sen or 13.19% at 81.5 sen, which values the company at about RM409.81 million.
FDA Registration Number - FDA Registration Certificate
Liberty Management Group Ltd. assists domestic and foreign food, drug, medical device and cosmetic manufacturing companies to register with US FDA. Unlike medical device or drug establishment registration, food facility registration (bio-terrorism registration) cannot be verified through FDA website, but FDA registration number is required to export food products to the USA.
FDA Registration Number
The US FDA will assign a unique registration number to each registered food facility, the assignment of FDA registration number does not denote the approval of your establishment or product by the US FDA. The FDA registration number only recognizes that, your establishment is registered with US FDA. Any representation of FDA registration number on product labels or labeling which creates an impression of US FDA approval may cause misbranding of the product.
FDA Registration Certificate
US FDA is not issuing a registration certificate nor does US FDA recognize a registration certificate issued by private business. As your US FDA agent, Liberty Management Group Ltd. will verify the registration and issue FDA registration certificate for your records. The certificate of registration issued by LMG will help to make sure the registration process is complete and registration number is valid. LMG is also issuing Label compliance certificate for the products after carefully reviewing each product label. Compliance certificate issued by LMG will help you and your clients to assure your product labels are complying with FDA regulations and will help to avoid FDA detention at the port. You and your customers can verify the certificate details on our website by entering certificate number
The United States’ imports of personal protective equipment and medical supplies appear to have fallen in July, at a time when policymakers are pushing to reduce dependence on China, even as new coronavirus cases skyrocketed. Yes, is good new to Malaysia company can exports more PPE products to USA.
Remember Careplus before 0.9 cent s now RM3.00.. Notion can do the same as masks demand more than glove demand... sepecially when it become Halal product and import to Islamic country from Arabian..
when the market is in a consolidation mode, it is good to buy on rumour sell on facts. but now the bull is now led by gloves so maybe can still add after the news came out.
wah after reading this article.... luckily i didn't chase yesterday.... looks like better stick to gloves....
“In late-May, we had heard that 3M, as well as several other major American brands, had mass-produced PPE products in the United States and Mexico, so many of us already expected that demand and profits from the US market would soon drop sharply. Since then, many companies actually started to give up on the US market for PPE products,” said Liang Xiong, a sales manager for a Guangdong-based foreign trading company. Instead, many turned to exporting raw materials and equipment to the US and other foreign markets, such as melt-blown fabric, where the final product could be produced, said Liang, who no longer exports masks to the US.
Another company. Notion VTEC Bhd, also announced on Thursday that its face masks, except for the N95 respirator, was registered with the US Food and Drug Administration for use by the general public and healthcare personnel.
Notion VTec stated that it was pursuing the registration of the N95 face mask with the local authorities. The company was also seeking a certification from the Jabatan Kemajuan Islam Malaysia for all its face masks.
If the approvals are obtained, Notion VTec feels that the production and sales of face mask can be a long-term business for the company, including exports to Muslim countries.
Making a face mask is a low margin business, involves low technology and presents a low barrier to entry business. The announcement by SCGM merely confirms the fact that face mask can be easily produced.
Since SCGM is getting the machines to produce the face masks from China, there must be many producers from China who are also in the business. Hence, can Malaysian companies compete over the longer term at the international platform?
Also, there is nothing to stop small companies locally to set up face mask production facilities since the entry cost is small and the machines can be imported from China.
Notion has made a smart move to manufacture quality face masks and it is applying for all the approvals that it requires for the export markets. There is always competition in any business. Notion will eventually stand out as long as it maintains its high standard of quality in the market and reasonable pricing. Yes everyone can import machines and all the raw materials from China to start producing face masks but can they maintain the quality and apply approvals from FDA?
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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....
MillionMindset
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Posted by MillionMindset > 2020-07-30 14:47 | Report Abuse
Singapore and Msia signed agreement to build RTS project today will benefit Ecoworld.
Start to buy "Ecoworld" stock, it is going to fly..