Further to our announcement on 15 October 2020, on behalf of Mah Sing, HLIB wishes to provide additional information in connection to the Proposed Diversification. The capital expenditure for the first phase of the Gloves Business is estimated to be no more than RM150.0 million. This capital expenditure includes, amongst others, the purchase of the 12 new gloves production lines and other plant and machinery such as boilers, chillers, compressors and waste water treatment plant as well as the refurbishment work of the warehouse located on Lot 6478, Jalan Kapar Batu 6, Kawasan Perindustrian Ladang Sungai Puloh, 42100 Klang, Selangor.
My worry is on whether government approves the EPF withdrawal requests from various political parties or not. UMNO has strongly asked for RM5,000 withdrawal per individual so long he or she is eligible. The current government has been placed under very tight spot on this matter. They may lose popularity among the rakyat if they don't approve the request. But if they do, EPF will have to divest its investments in order to raise cash for such withdrawals. Imagine 5 million depositors apply to withdraw, the amount would be RM25 billion. Stock market may crash if such approval is granted.
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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....
Goldberg
2,916 posts
Posted by Goldberg > 2020-11-03 10:13 | Report Abuse
SUPER MAX can easily take control of this sleeping Giant for a song and turn it into a MASSIVE GIANT in properties and gloves.