Announcement Subject OTHERS Description Luster Industries Bhd. ("Luster" or "the Company") Award of contract for Production of Polytech Articles 1. Introduction
The Board of Directors of Luster is pleased to announce that its wholly owned subsidiary company, Luster Precision Engineering Sdn. Bhd. has been awarded with a contract by Polytech SRL on 6 February 2018, to manufacture and supply the complete set of PERI DUO formwork system (“Contract”). DUO is the innovative system formwork featuring a very low weight and extremely simple handling. It is not only the material used that is innovative, but rather the entire concept. It allows for efficient forming of walls, columns and slabs using a minimum number of different system components. The Contract validity is for a period of one year, renewed automatically for two years unless terminated at the date of expiry. There is no firm value for the Contract as the work orders of the Contract will be issued at the discretion of Polytech SRL based on the Contract.
3. Financial effects
The Contract is expected to contribute positively to the earnings and net assets of Luster and its group of companies (“Group”) for the financial year ending 31 December 2018. The Contract will not have any effect on the share capital and shareholding structure of Luster.
4. Risks
Risk factors affecting the award include execution risks such as availability of skilled manpower and materials, changes in prices of materials, changes in political, economic and regulatory conditions. Throughout the years, Luster has established its track record and expertise to undertake the relevant projects. Notwithstanding this, Luster shall ensure strict compliance with safety and operational procedures in the execution of the Contract requirements.
5. Directors’ and Major Shareholders’ Interest
None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Luster have any direct or indirect interest, in the Contract.
Luster on-going project Kota Bahru Kelantan Alwaqf Taman Tasik 1 MALAYSIA project-Perak Bertam-Penang housing project Hulu Langat JVA Enrinch Realty Latest Polytech Srl-aiming 12m annual sales Not to forget Cambodia casino plan
thanks TERGOLEX 1306 ! .....here Dr W.....after I left temporaraly " may be 2 yrs ago " when luster almost hit 20 sen , WA , WB around 15 sen....so now I am shocked to see GOLDEN OPPORTUNITIES AGAIN....can't be this price for luster -- this is a REAL OPPORTUNITY , very fast to go >>
IT'S NOWWWWW OR NEVERRRRRRRRRRRR ! immediate TP LUSTER 15 SEN , DOTER WA 10 SEN , WB 10 SEN !
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....
Teh Diven
4,155 posts
Posted by Teh Diven > 2018-01-31 17:03 | Report Abuse
All management also pening. Until today no direction....so better zzzz 1st