he Board of Directors of FITTERS wishes to announce that FITTERS has received a proposal from Trident Capital Pty Ltd (“Trident”), an Australian based corporate advisory firm, to list its wholly-owned subsidiary, namely FITTERS-NRG, on the ASX via reverse takeover of IFS, an existing ASX listed entity.
Circumstances by reason of which change has occurred Transfer of shares from Dato' Wong Swee Yee to RHB Captal Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for Wong Swee Yee Nature of interest Direct Interest Consideration (if any) Total no of securities after change
Direct (units) 133,850,940 Direct (%) 27.870 Indirect/deemed interest (units) 2,143,416 Indirect/deemed interest (%) 0.450 Date of notice 17/08/2015
The Board of Directors of FITTERS wishes to announce that FITTERS has received a proposal from Trident Capital Pty Ltd (“Trident”), an Australian based corporate advisory firm, to list its wholly-owned subsidiary, namely FITTERS-NRG, on the ASX via reverse takeover of IFS, an existing ASX listed entity.
FITTERS-NRG is a clean energy company with an emphasis on gasification processes.
FITTERS has appointed Trident as the corporate advisor in relation to the Proposed ASX Listing.
In addition, FITTERS has appointed TA Securities Holdings Berhad as the Adviser for the Proposed ASX Listing in relation to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
The details of the Proposed ASX Listing shall be determined at a later date and will be announced in due course.
It should be noted that the Proposed ASX Listing is subject to, inter alia, approvals or clearance being obtained from the relevant authorities in Malaysia and Australia, where applicable, as well as from the shareholders of FITTERS at an extraordinary general meeting to be convened, if necessary. There is no assurance that such approvals or clearance would be obtained or that the Proposed ASX Listing may occur. Therefore, investors should note that the listing of FITTERS-NRG’s shares on the ASX may or may not occur.
too bad for fitters. Not showing improvement for three consecutive quarters. Most will dump. It is likely that it will go down to 25 cents to 30 cents. (PE,7)
any insider can help leak some news on PVC-O business? any profitable sale receive??? since Kuantan plants start operate end of last year..any update? please share....
Based on my personal opinion, the PVC-O should be having good business. But you know la, in Malaysia, normally the new factory cannot commence as per schedule one. I believe the reason why the revenue so low is because the factory haven't operate properly, the production line still need to adjust here and there. If start operated d, the operating expenses will be very high one, impossible only 3-4 million per quarter.
Water deal in sgor done....hope something will brew for fitters from this...if still unable to wrestle the pipe contracts than fitters is just another gung ho....everything has been in place...except no sales!!
from the acedon link, this is a good company that is led by smart managers. backdoor listing gives quick access to local market and investment. it is moving soon. 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....
J2529
379 posts
Posted by J2529 > 2015-08-19 16:20 | Report Abuse
report should out next week