This stock profit not stable plus business model not very professional and attractive mainly just trading washing machine and medical devices. There are many stock that can earn a better return than this one, my humble opinion is why not change to others?
Budget 2020 spelt out incentives cutting across various sectors of the economy, from health to infrastructure, and from digital payment systems to real estate. > UPGRADING OF MEDICAL EQUIPMENT The government to spend RM227mil on this.
There is also an initiative to encourage local medical equipment producers to supply to public clinics and hospitals.
Among the existing suppliers and manufacturers are “BCM Alliance Bhd” , Supercomnet Technologies Bhd
OTHERS BCM ALLIANCE BERHAD ("BCM" OR "COMPANY") LETTER OF INTENT FOR THE PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND PROPOSED ACQUISITION OF EXISTING ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT") BY BCM OR ITS NOMINEE ("PURCHASER") ("PROPOSED TRANSACTIONS")
BCM ALLIANCE BERHAD
Type Announcement Subject OTHERS Description BCM ALLIANCE BERHAD ("BCM" OR "COMPANY")
LETTER OF INTENT FOR THE PROPOSED SUBSCRIPTION OF NEW ORDINARY SHARES AND PROPOSED ACQUISITION OF EXISTING ORDINARY SHARES IN FOODICT MAKER SDN BHD ("FOODICT") BY BCM OR ITS NOMINEE ("PURCHASER") ("PROPOSED TRANSACTIONS") Unless otherwise redefined, the definitions used herein shall be the same as those defined in the earlier announcement in relation to the Proposed Transactions.
We refer to the earlier announcement dated 3 September 2019 in relation to the above matter.
On behalf of the Board, M&A Securities wishes to announce that, on 31 October 2019, BCM and the Parties have mutually agreed to extend the Closing Date of the LOI to 2 December 2019 for the finalisation and execution of Definitive Agreement(s). All other provisions contained in the LOI shall remain in full force and unchanged.
Yeah. Happy that revenue going up, but op cost is one kind wahlao.
Only hope its because they foresee big growth incoming, and are hiring now to prepare for it. Samo still haven't factored in the Foodict acquisition yet.
What is clear that this is a good medical device + healthcare counter play.
“On behalf of the Board, M&A Securities wishes to announce that, on 31 October 2019, BCM and the Parties have mutually agreed to extend the Closing Date of the LOI to 2 December 2019 for the finalisation and execution of Definitive Agreement(s). All other provisions contained in the LOI shall remain in full force and unchanged.
Reference is made to the Company’s announcement on 3 September 2019 whereby the Company had on even date entered into a Letter of Intent (“LOI”) with Lee Chin Fong (“LCF”), Lee Beng Wai (“LBW”), Hsu Feng Chih (“HFC”) and Foodict with the intention to enter into negotiation in relation to the Proposed Transactions. Following thereto, M&A Securities Sdn Bhd, on behalf of the Board of Directors of BCM (“Board”) wishes to announce that the Company had on 29 November 2019 entered into the following agreements:-
- a subscription agreement with Foodict, and LCF and LBW (collectively as “Warrantors”) for the proposed subscription of 133,333 new ordinary shares in Foodict representing 25% enlarged equity interest in Foodict (“Subscription Shares”), for a total cash consideration of RM1,499,996.25 (“Subscription Consideration”) (“Subscription Agreement”);
- a share purchase agreement with LCF, LBW and HFC (collectively, the “Vendors”) for the proposed acquisition of an aggregate of 138,667 existing ordinary shares in Foodict (“Sale Shares”) representing 26% enlarged equity interest in Foodict, for a total cash consideration of RM1,560,003.75 (“Purchase Consideration”) (“SPA”);
- a shareholders agreement with the Vendors and Foodict to set out the responsibilities and obligations of the Company and the Vendors (collectively “Parties”) as the shareholders of Foodict and to record the terms and conditions governing the structure and organisation of Foodict and the Parties’ respective rights and obligations in relation thereto (“SHA”), which shall be effective upon completion of the Subscription Agreement; and
- a profit guarantee agreement with LCF and LBW (collectively the “Guarantors”) whereby the Guarantors will jointly and severally guarantee to BCM that the aggregate audited profit after tax attributable to the shareholders of Foodict for the two (2) years commencing from the date of completion of the Subscription Agreement and ending 24 months thereafter, shall not be less than the sum of RM1,600,000.00 (“Profit Guarantee”) (“Profit Guarantee Agreement”)
This baby is a long play. Not too sure why Mgmt is making a play into FMCG distribution though. Still trying to wrap my head around the overall biz strategy and how it synergizes with their laundry and healthcare biz..
seems like people discovered this counter now (partly medical). thought want to add more but price is too fast today. it crosses the 20SMA. See if the trend sustain. If yes, this should one of the beneficiary after gloves industry.
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This stock profit not stable plus business model not very professional and attractive mainly just trading washing machine and medical devices. There are many stock that can earn a better return than this one, my humble opinion is why not change to others?