The Board of Directors of NVB is pleased to announce that Notion Venture Sdn Bhd, a wholly owned subsidiary of the Company has on 21 September 2020 entered into a Sales Contract to supply disposable nitrile examination gloves (“Goods”) to an European company which is in the supply chain of Personal Protection Equipment (“PPE”) in Europe (“Customer’) for a contract sum of USD82,200,000.00 (equivalent to approximately RM337.8 million based on the current exchange rate of USD1 = RM4.11) (“Sales Contract”).
This is a result of the PPE marketing team’s efforts following the Company’s financial result announcement for the Third Quarter ended 30 June 2020 commentary that the Group will be looking at trading and manufacturing opportunities in disposable nitrile gloves besides the face mask business.
The supply is for 2 tranches of gloves to be delivered ex-works Malaysia and exported to Europe for meeting the medical needs in Covid -19 affected areas.
Some expert sat they earn so many time ........ When notion go to RM 2 still keeping don't want sell . Now play at RM 1.00 - 1.2++. Act like a champion . Kesiahnya earn like kacang.
Insider news, the new contract is awarded from one of the European countries government long term supply of examination disposable gloves for government hospital and clinic use...
there is not a single company in the world that trades for a loss. Management will continue to find new business resources for that, Think logically lol ...
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....
menort
1,006 posts
Posted by menort > 2020-09-22 14:45 | Report Abuse
No need trust notion keep making drama announcement. Until now still a loss making company.
Quickly sell.