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Actually pos was making profit previously even though e-commerce was not that popular last time as compared to now...I think the management really need to monitor the business properly else the company will continue making losses even with high volume of parcels delivery.
The Board of Directors of GDEX wishes to announce that GDSB, the wholly-owned subsidiary company of GDEX, has received an approval letter dated 23 October 2020 from MIDA for the second round of tax incentive to carry out ILS activities as an expansion project and e-commerce/e-fulfillment diversity project, under the P.U. (A) 112 Income Tax (Exemption) (No.11) Order 2006, Income Tax Act, 1967 (“MIDA Approval Letter”).
With the ILS tax incentive, GDSB will be eligible for income tax exemption via Pioneer Status (“PS”) up to 70% on Statutory Income for each year of assessment for a period of five (5) years. At this junction, the Board has yet to quantify the amount of tax saving from the ILS incentive as the effective date of the PS has yet to be finalized and determined.
GDSB has made an appeal on certain terms and conditions stipulated in the MIDA Approval Letter, while in the process of applying to MIDA on the effective date of the PS. The Company will make further announcement on the development of the appeal and application in due course.
The Board is of the opinion that the ILS incentive would contribute positively to strengthening the operations and future earnings of GDEX Group.
@bb1788 Sure UP base on turnover of 1111 and 3Q results soon... 14/11/2020 4:12 PM Sure boh... 3qr from july to sept wor... 4qr will reflect revenue oct-dec... Hnmnn.
PROPOSED ISSUANCE OF UP TO 705,176,354 FREE WARRANTS IN [ GD EXPRESS CARRIER BHD ] ("GDEX") ("WARRANTS C") ON THE BASIS OF ONE (1) WARRANT C FOR EVERY EIGHT (8) EXISTING ORDINARY SHARES IN GDEX HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER
SO MANY GOODIES IN HERE ! exercise price warrants assuming to be at 0.420 Go calculate for the fv price of Gdex.
EGM on (03.12.2020) to be approved , I guess.
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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....
hmg88
203 posts
Posted by hmg88 > 2020-11-06 10:14 | Report Abuse
fly fly fly