Good luck I wish to all manage to exit today! Because our rocketship was fueling up today..... Sayonara going to depart soon. ByeBye~ heeeheeeeeheeeeee
the news says it is only in the final stages of bidding has not won the project yet. don't sensationalise the story until it is a reality... same like vaccine no point has not materialise yet.
The Papar dam contract required the state cabinet to approve, while there is no cabinet, no state parliament at the moment until the state election is done... logic of people are sometime funny...
Hahahahahaha~ @thestockoracle, you are more like a lost puppy trying your luck finding tips here~ No free lunch in this world~ Do your own homework~ Piu piu piu~
Company : VIZIONE HOLDINGS BERHAD (“VHB”) or (“the Group”) Subject : OTHERS Description : EXECUTION OF HEADS OF AGREEMENT BETWEEN VIP INDEX SDN BHD AND ANG TECK LEONG (“ANG”), LIM KIAT YEE (“LIM”) AND RAVENDRAN A/L UTHRAPATHY (“RAVENDRAN”) (COLLECTIVELY THE “VENDORS”) 1. INTRODUCTION The Board of Directors of VHB wishes to announce that its wholly owned subsidiary, VIP Index Sdn Bhd (“VIP”) (Company No. 202001024252 (1380572-K) had on 2 September 2020 entered into a Heads of Agreement (“HOA”) with the Vendors to acquire 2,307,754 ordinary shares in SSN Medical Products Sdn Bhd (“SSN”), representing 51% of the total equity of SSN for a total consideration of Five Million Ringgit (RM 5 million) in cash (“the Proposed Acquisition”). 2. SALIENT TERMS OF THE HOA VIP shall acquire in cash the following shares of SSN from the Vendors for a total consideration of RM5 million, representing in total 51% of the total equity of SSN. Vendors No of Shares Ang Teck Leong 2,019,285 Lim Kiat Yee 196,350 Ravendran A/L Uthrapathy 92,119 2,307,754 The Proposed Acquisition is conditional and subject to a financial and legal due diligence on SSN to be undertaken by VIP to the sole satisfaction of VIP. The parties herein shall within ninety (90) days following the date of the HOA or as the parties may mutually agree upon (“Expiry Date”), enter into the definitive agreements in respect of the Proposed Acquisition. VIP and the Vendor agree, covenant and undertake that they will not, and will ensure that their related parties and corporations will not, directly or indirectly, initiate, solicit or entertain any discussion, negotiation, agreement or arrangement or otherwise deal in any way with any other person other than the other party in connection with the Proposed Acquisition or any part thereof at any time prior to the Expiry Date. 3. INFORMATION ON SSN SSN, Company No.: 199701026395 (441893-K), was incorporated in Malaysia with its registered office in Annex A, Centre Court, 2nd Floor, Lot 2, Jalan Enggang, Kawasan Perindustrian PKNS, Hulu Kelang 54200, Wilayah Persekutuan Kuala Lumpur. Its principal activity is the manufactures and sale of latex and nitrile surgical as well as examination gloves. It also manufacture male condoms. It also produces specialty gloves like long arm gloves and high risk gloves, which are niche markets in which it is a significant player. It has been in operation for 21 years where it has garnered a reputation for its products. It exports around 80% of its products with the bulk going to the United States of America, China, Germany and other European Countries. Presently it has 9 manufacturing lines with a total capacity of over 500 million gloves and 150 million condoms per annum. SSN intend to expand its capacity to well over 1 billion gloves with new additional manufacturing lines to cater to demand for its products. SSN is also exploring new opportunities in other high value added medical disposables. 4. INFORMATION ON THE VENDORS Ang, age 41, is a businessman. Lim, age 61, is a businessman. Ravendran, age 58, is a businessman. 5. RATIONALE OF THE PROPOSED ACQUISITION AND FUNDING According to the Malaysian Rubber Glove Manufacturers Association (MARGMA), approximately 187 billion units were produced in 2019 by around 200 factories belonging to its members. Depending on the trajectory of the global pandemic, MARGMA anticipates international demand could reach 345 billion units this year, compared to 298 billion units in 2019. Of this total, Malaysia is aiming to export around 225 billion units. This Proposed Acquisition will enable the Group to participate in this profitable sector and diversify its earnings on a broader base of industries. The Proposed Acquisition will be funded via internally generated funds and bank borrowings. 6. FINANCIAL EFFECTS This Proposed Acquisition will not have any effect on the issued and paid-up share capital and the substantial shareholders’ shareholdings of VHB as this Acquisition does not involve any issuance of new shares in VHB. 6.1 Net assets (“NA”) and gearing The Proposed Acquisition is not expected to have any major material effects on the NA and gearing of the Group for the financial year ending 30 November 2020. 6.2 Earnings and EPS Barring any unforeseen circumstances, the Proposed Acquisition is expected to contribute positively to the earnings and earnings per share of the Group for the foreseeable future.
6.3 Convertible securities The Proposed Acquisition is not expected to have any effect on the existing Warrants and ICULS of VHB. 6.4 Highest Percentage Ratio The highest percentage ratio applicable to the Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is approximately 0.868%. 7. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM None of the Directors and/or major shareholders of VHB and/or persons connected to them has any interest, either direct or
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....
ykchong108
1 posts
Posted by ykchong108 > 2020-09-01 12:03 | Report Abuse
anyone using hlebroking ? i haven't received the WD