OTHERSNWP HOLDINGS BERHAD ("THE COMPANY" OR "NWP") ACQUISITION FIFTY ONE PERCENTUM(51%) OF THE EQUITY INTEREST IN SINAR MAJUMAS SDN. BHD. ("SMSB") FOR CASHCONSIDERATION OF RM1.5 MILLIONYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com
Unless otherwise defined the terms used in this announcement shall have the same meaning as those defined in the announcement dated 20th March 2017.
We refer to the announcement dated 20th March 2017 in relation to the above.
The Board of Directors of NWP (“Board”) wishes to announce that upon the completion of the financial feasibility due diligence conducted on the Project, the Company had decided to terminate the SSA on the acquisition of SMSB as the Company is not satisfied with the feasibility of the Project.
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....
SimonTrader
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Posted by SimonTrader > 2017-05-23 23:30 | Report Abuse
Expected to turnaround by this financial year ..