Gets is goreng counter, this fewdays shacks waiting small player selling all shares, i think this few days all filter already,Today standby all bullet buy in, today have show time, today Tp 0.80/0.85
Loss-making bus operator Gets Global Bhd is jumping on the glove-making bandwagon, following the emergence of Teong Lian Aik as a new substantial shareholder.
To fund this new venture, the group has also proposed a private placement of 158 million new shares at 55 sen per share to its major shareholder ADA Capital Investments Ltd as well as Beh Boon Seong, Tan Chai Chek and Chua Choy Guan
Gets Global said it intends to leverage on the combined experiences of Teong and Low, especially Teong's prior experience in the construction of the glove manufacturing facilities and Low's expertise in the manufacturing of gloves and his in-depth knowledge and production know-how in the glove business.
Gets Global said the board is of the view that the proposed diversification allows the group to capitalise on the favourable long-term prospects of the glove industry
group intends to construct a new glove manufacturing plant with an estimated built-up area of 520,000 sq ft and is capable of housing up to 12 glove-dipping lines on the industrial land currently owned by the group to undertake the glove business
Subject to obtaining shareholders' approval for the proposal at an extraordinary general meeting to be convened, the construction of the glove manufacturing plant is expected to commence by the fourth quarter of this year and will start commercial operations by the second quarter of year 2021.
Furthermore, the board anticipates that the glove business will largely contribute to the group's earnings in the future given its intention to expand and increase its production capacity to generate higher sales
Gets Global has been in a loss-making position since 2016. For the cumulative six months ended June 30, 2020, it posted a loss before tax of RM18.92 million, wider than the RM10.5 million recorded a year ago
i dont understand..loss making Gets Global announced they are going into gloves, limit up like crazy..why GPA with Rubberex owner as shareholder announce nothing happened?
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....
imvu
7,888 posts
Posted by imvu > 2020-09-03 15:56 | Report Abuse
pergerakan harga kaunter ni nampak macam best.