Wah ! U see com comp up already , our Tai Kar Chea Pam Jenny come out already so happy . You all must respect her and not to offend her . If not she get irritated and Pam you people one by one kaw kaw . Wakakaka !
COMINTEL CORPORATION BHD (“Comcorp” or “the Company”) – Tripartite Memorandum of Understanding (hereinafter referred to as “Tripartite MoU”) entered into between the Company and the Government of the Republic of Guinea and Export-Import Bank of Malaysia Berhad
1. Introduction
The Board of Directors of Comcorp wishes to announce that the Company have entered into a Tripartite Memorandum of Understanding (hereinafter referred to as the “Tripartite MoU”) with the Government of the Republic of Guinea and Export-Import Bank of Malaysia Berhad (hereinafter referred to as the “EXIM Bank”) (hereinafter collectively referred to as the “Parties”) on 1 August 2016 in Jakarta, Indonesia to implement innovative telecommunications and information and communications technology (ICT) solutions in the Republic of Guinea (hereinafter referred to as the “Project”) The Tripartite MoU is valid for a period of one (1) year from the date of signing unless earlier terminated or upon execution of the definitive agreement(s). 2. Information on the Government of Republic of Guinea
The Republic of Guinea is a country in the West coast of Africa and was formerly known as French Guinea. The said Republic has a population of ten point five (10.5) million and an area of two hundred and forty five thousand and eight hundred and sixty (245,860) square kilometers and is a predominantly Islamic country with Muslims representing eight five per cent (85%) of the population. Although French, the official language of the said Republic is the main language of communication in schools, in government administration, in the media but more than twenty-four indigenous languages are also spoken. The said Republic is largely dependent on agriculture and mineral production and it is the world’s second largest producer of bauxite and has rich deposits of diamonds and gold.
3. Information on EXIM Bank
EXIM Bank is Malaysia’s sole development financial institution under the Minister of Finance Inc., which is dedicated to the promotion of external or cross-border trade providing banking facilities to support export and imports of goods, services and overseas investments as well as providing export credit insurance services, export financing insurance, political risk insurance and guarantee facilities.
4. Rationale for the Tripartite MoU
The Parties shall collaborate and work together to evaluate the feasibility of the Project for the Parties’ best interests. The Tripartite MoU shall form the basis of consensus of the Parties to examine the feasibility of the Project until such time as the definitive agreement(s) is entered into by the Parties.
5. Effects of the Tripartite MoU
The Tripartite MoU is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the Company for the financial year ending 31 January 2017. Should the project materialize, it is expected to contribute positively to the future earnings of the Group.
6. Statement by Directors
The Board of Directors of the Company, having taken into consideration all aspects of the Tripartite MoU, is of the opinion that the Tripartite MoU is in the best interest of the Company and its subsidiaries.
7. Approvals required
The Tripartite MoU is not subject to the shareholders’ approval of the Company and any relevant government authorities.
KUALA LUMPUR (Aug 4): Pentamaster Corp Bhd's net profit doubled to RM6.66 million for second quarter ended June 30, 2016 (2QFY16) from RM3.25 million a year ago, due to higher revenue and better product mix.
The Penang-based automation solutions and service provider's revenue surged 61.17% to RM38.85 million from RM24.09 million.
The company said in a bourse filing that the higher revenue was mainly due to increase in sales from both the automated equipment and automated manufacturing solution operating segments as well as revenue contribution from smart control solution system.
For the first half of the financial year ended Dec 31, 2016 (1HFY16), net profit jumped 96.58% to RM9.83 million from RM5 million in 1HFY15, while revenue rose 55.26% to RM67.45 million from RM43.44 million.
The group has a positive view of the market in 2HFY16 based on the current book order on hand.
"Subject to the external market conditions and macroeconomic factors, we believe that its performance will continue to grow positively for this year," it said.
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....
musangfoxking
3,614 posts
Posted by musangfoxking > 2016-08-04 09:00 | Report Abuse
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