Reference is made to the Company’s announcements dated 30 October 2020 and 2 November 2020 in relation to the Company’s venture into the production, trading, selling and marketing of disposable nitrile examination gloves (“Glove Business”).
On behalf of the Board of Directors of NVB, Hong Leong Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Diversification as the Company envisages that the Glove Business may become a major contributor to the earnings of NVB and its subsidiaries (collectively, the “Group”) in the future.
this regard, as required under Paragraph 10.13(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company is seeking the approval from its shareholders for the Proposed Diversification at an extraordinary general meeting to be convened, after taking into consideration that the Glove Business is anticipated to contribute more than 25% of the net profits of the Group in the future
Strangely Notion counter is still quiet although its Qtr results going to be released today soon; and no one has any idea whether it is going to be Good or Bad.
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....
Sailangking
1,912 posts
Posted by Sailangking > 2020-11-23 15:25 | Report Abuse
not a good sign keep drop.. gg