BeAmillionaire Hi all, ex date 13.7.2020, means why, what is the different between ex-date and entitlement date? new b need help!!!! 07/07/2020 5:01 PM
Permaju Industries Bhd last week incorporated a wholly-owned subsidiary, Permaju Glove Sdn Bhd (PGSB) to venture into glove manufacturing and is banking on the global shortage of gloves to make the jump in the business.
In a filing with Bursa Malaysia, Permaju said the intended principal activity of PGSB is to manufacture, distribute, buy, sell and generally deal in rubber goods for industrial and commercial purposes.
Permaju said the rationale of the incorporation of PGSB is to facilitate the expansion of the business activities of the group and its subsidiaries," it said.
Permaju is involved in the distribution of Volkswagen and Ford franchise.
It is also involved in property development and owns big parcels of land in Sabah and Seremban, Negeri Sembilan.
The group owns 121.4 hectares of land in Seremban that is suitable for housing projects or industrial activities.
New Straits Times reported that Permaju may set up a production facility in Seremban, investing between RM150 million and RM200 million.
The group may start construction this year, subject to approvals from the relevant authorities.
Permaju intends to manufacture gloves among other rubber-related products for the export market and also to sell in Malaysia.
The biggest glove makers in Malaysia are Top Glove Glove Corp Bhd, Supermax Corp Bhd, Hartalega Holdings Bhd, and Kossan Rubber Industries Bhd and they have seen a surge in demand since the emergence last December of the deadly novel coronavirus or Covid-19 in China.
More than seven million people have been infected and the virus has now claimed over 400,000 lives worldwide.
Last year, global demand for gloves was 290 billion pieces, of which 187 billion were supplied by Malaysia. The current global demand for gloves is more than 300 billion pieces, owing to the pandemic.
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Posted by BeAmillionaire > 2020-07-07 17:14 | Report Abuse
hi mindabursa, do u means if i hold permaju share till 13.7.2020, i will get RI+Warrant?, then entitlement date means for what purpose?