CCM’s polymer division’s products are being used by the glove industry, and good demand is expected to continue for the remainder of 2020. The proposed acquisition is subject to the consent of a lender bank in respect of the banking facilities provided to the CCM group for the transfer of the sale shares. However, the proposals are not subject to approval of the shareholders of the company. Subject to the fulfilment of the condition precedent, the proposals are expected to be completed by the first quarter of 2021.
With the change in Management the only way it can go is up. Unless the the staff start to do what MAS staff did, when TF gave his views. So just wait and seelah. My prediction is in 2022 it will hit RM5.
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farid
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Posted by farid > 2020-11-17 23:34 | Report Abuse
CCM’s polymer division’s products are being used by the glove industry, and good demand is expected to continue for the remainder of 2020.
The proposed acquisition is subject to the consent of a lender bank in respect of the banking facilities provided to the CCM group for the transfer of the sale shares. However, the proposals are not subject to approval of the shareholders of the company.
Subject to the fulfilment of the condition precedent, the proposals are expected to be completed by the first quarter of 2021.