Who in the right frame of mind would trade the warrants given the lofty 60sen ex. price and two weeks time to expiry? Huge traded vol for the last 2 days. Either they know something or they are plaid mad!
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KTG BERHAD (FORMERLY KNOWN AS DWL RESOURCES BERHAD) ("KTG" OR "THE COMPANY") AND ITS SUBSIDIARIES ("KTG GROUP") - PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL IN LINE HAUL SDN BHD KTG BERHAD
Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description KTG BERHAD (FORMERLY KNOWN AS DWL RESOURCES BERHAD) ("KTG" OR "THE COMPANY") AND ITS SUBSIDIARIES ("KTG GROUP") - PROPOSED ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL IN LINE HAUL SDN BHD The Board of Directors of KTG (“Board”) wishes to announce that the Company had on 18 March 2021 entered into a shares sale agreement (“SSA”) with Line Clear Ventures Holdings Sdn Bhd (formerly known as Line Clear Logistics Holdings Sdn Bhd) (“LCVH” or “Vendor”) [Registration No. 202001016591 (1372911-K)] to undertake the proposed acquisition of 500,000 ordinary shares in Line Haul Sdn Bhd [Registration No. 201901042436 (1351766-K)] (“Line Haul”) (“Sale Shares”), representing the entire issued share capital in Line Haul, from the Vendor for a total cash consideration of RM3 million (“Purchase Consideration”) (“Proposed Acquisition”).
RATIONALE AND BENEFITS FOR THE PROPOSED ACQUISITION The Proposed Acquisition will provide an initial avenue for KTG Group to venture into transportation haulage and middle mile logistics business. The new business segment will further enhance KTG Group’s prospects with the range of services provided, and capabilities possessed by Line Haul as it is expected to diversify KTG Group’s revenue and earnings base. The Proposed Acquisition is expected to contribute positively to the earnings and net assets of KTG Group while reducing dependency on the Group’s existing businesses because Line Haul is an income generating ready business and already in operation with its existing team of experienced manpower and resources. Through Line Haul’s strategic collaboration with LCEL in the last mile delivery segment in which LCEL engages Line Haul as its haulage service provider and moving forward, Line Haul is still able expand into sizeable customer base to include other heavy industries and logistics players and B2B customers from various industries such as cold chain, furniture, machinery, equipment, construction materials. KTG intends to expand its haulage and transportation services for the middle mile logistics segment. It intends to adopt a freight sharing services business model for the logistics providers by applying the pallet network concept. The pallet network concept comprises a hub facilitator which brings together local haulage partners to be able to offer, often next-day, pick-up and delivery of goods by pallets. Goods packaged in pallets form are consolidated with other onward shipment of pallets from suppliers in the same area at the hub facilitator and merge with other pallets destined for same area delivery. This pallet network concept would enable to increase the vehicle fill rates, reduce number of vehicles, and increase productivity. In addition, the sharing of loads, heavy vehicles, trucks and facilities is expected to reduce
We are at early stage. The way the stock had been punishing investors/traders over the last 1-2 years, many traders (I believe) could have been shaken out on slight pullback yesterday, we should try not to be one of them lol. Om....UP!!!!
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....
cg14134
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Posted by cg14134 > 2021-03-18 17:05 | Report Abuse
Who in the right frame of mind would trade the warrants given the lofty 60sen ex. price and two weeks time to expiry? Huge traded vol for the last 2 days. Either they know something or they are plaid mad!