This is the interesting/exciting part of EPMB's move.
"The MIDF noted in its report the potential of EPMB tapping on EV brands from China.
“It is still uncertain as to whom the prospective principals will be for the project as no further details were provided. However, we note that EPMB had in late-October, set up a satellite office in China to source and identify opportunities for collaboration with EV players in China,” MIDF said.
“The group had also appointed two new directors to its board, namely, Derek Cheng (senior adviser to Blackstone Group (HK) Ltd) and Mac Ho (managing director of Asean for HKFAEx Group Ltd),” it added. "
How many MOUs signed but how many actually materialise or executed. Many had become null n void. Are these MOUs signed to push up the share prices n later dump. One good example is widad, muhyidden even attended the signing till today nothing come out of it.
I have seen many bursa listed companies signed MOUs n shares began to spike on news but after this, nothing happened n share prices collapsed or went back to before. Are these tactics to pump n dump the shares to swindle unsuspecting retailers, or what?
apparently no counters will be gaining atm due to the policies and economy. This share price increase maybe due to their announce of projects?? For me i never seen people goreng counter RM1 then ciao, so lame. People goreng more than rm1 only ciao one.
This share price spike up because of news of MOUs signing n not because of any change in fundamentals. MOUs will just remain just that if the parties involved did not do any follow up within a certain time frame n in this case, is 2 year n after the time frame over, it will lapse n become void.
Bear in mind that MOUs are not necessarily cast in stone unlike other contract n agreement signing. In MOUs either party can just called it of without any legal repercussion.
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....
Jazzsky
73 posts
Posted by Jazzsky > 2021-11-13 12:30 | Report Abuse
Sabar man man lai,wait next announcement out.cheers