Hehhehe.... have to justify right.... ? Let them approve it and put their own money.... now everyone knows about arbb.... profitable company without money...
Hoot9eonly... even the news in Chinese said.... no tech company with single digit PE..... but this counter dropped.... and after announced profit.... again drop.... it’s like big sell off to release a burden.... and now arbb suddenly appeared to justify their moves.... which counter after RI went up?
Which sensor for hydroponic is so expensive to the level you need to spend rm 70 mil .... SC ppl Bodoh never check .... kena tipu.... Bodoh sc .... yahoo...
From 40 cents drop . ... then ask money .... buy sensors very expensive ..... RM 70 mil...... But I can assure u Malaysian securities commission Bodoh... kena klentong.....
Neonstrife conclusion: why 55 mil for the hydroponic solution? Why securities commission never check or feel that it’s necessary to breakdown such an exorbitant cost? Why securities commission is so naive although some of them are government scholars? Has the government done a mistake by selecting them?
Tan Kee Beng .... don’t ask ppl here.... after RI a all counters fall.... arbb has fallen by 70%. Yes it went up a bit after profitability news.... but there was substantial sell off
That's a very sweeping statement - "everyone knows...". By the way, I don't know! Hope you will not be subscribing to the RI so that I can then apply for the excess RI
KUALA LUMPUR: ARB Bhd, a provider of information technology (IT) products and platforms, has received shareholder approval for a rights issue of up to 1.07 billion new shares on the basis of one rights share for every existing share.
Executive director Datuk Sri Larry Liew Kok Leong said the majority of the proceeds raised will be utilised for the venture into the provision of customised hydroponics Internet of Things (IoT) systems and solutions for the agriculture industry
"ARB has an established track record and expertise in IoT solutions.
"Therefore, we intend to encompass the key features of existing IoT technologies into the hydroponics IoT solutions," he said in a statement today.
At the company's extraordinary general meeting (EGM) held on 24 December 2021, 98.2 per cent of ARB shareholders who voted gave the green light for the right issue exercise.
Hydroponic farming is a modern technique involving using water to replace soil to grow plants.
Hydroponic systems can be established on various scales, with the large-scale covering acres of land to grow crops for commercial purposes.
Features such as sensors, which are connected to the internet, can be installed in trays filled with water and nutrient solutions to monitor temperature, moisture, lighting, humidity and the pH of the water built within the system.
Larry said IoT solutions are set to transform the agriculture industry.
The specialised equipment, wireless connectivity, software, and IT services can help to ensure optimum application of resources to achieve high yields, improve crop quality, and reduce operational costs.
Smart farming is highly efficient when compared with the conventional approach.
The company said this opportunity arises due to the demand for food from the exponential growth of the world population, shrinking agricultural lands and depletion of finite natural resources.
According to BI Intelligence survey, it is expected that IoT devices' adoption in the agriculture industry will reach 75 million in 2020, growing 20 per cent annually.
At the same time, the global smart agriculture market size is expected to triple by 2025, reaching US$15.3 billion as compared to being slightly over US$5 billion back in 2016.
Hehhee.... 55 mil for hydroponic solution..,, Hehhehe .... why not contact some good university and ask, how much ? Maybe I don’t know..... but a good engineering college would definitely know....
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....
hoot9eonly
516 posts
Posted by hoot9eonly > 2021-12-30 11:09 | Report Abuse
Assume that line using his own theory. The theory he said is always "his own theory" only. Living at his own world