7145 doesn't need AP but 11 AP holders will seek for sand business from the buyer of 7145. 7145 can go anywhere to buy sands with free move as long as PO is still on hand. One of the AP company currently incurred loss making and joint venture with Kangar listed company. It is a very small company and license lapsed on 2027. This company is unable to provide so much sands for 7145.
Any AP holders that have sands from third parties of sand owners with good price of 600m cubic meter can look for the buyer representative of 7145. Don't guess further, 7145 needs sands to buy
In the latest development, Ageson formed a 70-30 joint venture with Bintang Dayang Sdn Bhd (BDSB), which has sand operation business partners, namely Tagas Juta Sdn Bhd (TJSB) and Malayan Energistik Solutions Sdn Bhd (MESSB).
TJSB is a holder of a sand concession licence from Sabah with validity until December 2021. It undertakes sand dredging activities from the river at Sungai Labuk, Beluran in Sabah for sand export to China, Hong Kong, Macau and Taiwan.
As for MESSB, it had received the special approval from the Chief Minister's Department of Sabah to allow for annual export of 10 million cubic metres of sand in three years, even without an AP from the federal government, if the sand is exported to Hong Kong, China, Taiwan and Macau.
So this is the relevant part of the government issues 11 sand licenses. It specificallly cites the Special approval for MESSB Dint realise TJSB was also a valid AP holder.
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....
Kingsley
52 posts
Posted by Kingsley > 2020-06-26 10:33 | Report Abuse
Every brave pati get rm50 for splashing paint? hehe