QES GROUP BERHAD ("QES" OR "THE COMPANY") - PROPOSED ACQUISITION OF INDUSTRIAL LAND AT BATU KAWAN INDUSTRIAL PARK BY QES MECHATRONIC SDN. BHD., A SUBSIDIARY OF QES GROUP BERHAD FOR A TOTAL CONSIDERATION OF RM4,791,600/- ("PROPOSED ACQUISITION")
Pursuant to Rule 10.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of QES Group Berhad (“QES” or “The Company”) wishes to announce that QES Mechatronic Sdn. Bhd. [Company Registration No. 199901012181 (487081-V)] (“QMC” or “the Purchaser”), a subsidiary of QES had on 15 September 2021 entered into a Sale and Purchase Agreement (“the Agreement”) with The Penang Development Corporation (“the Vendor” or “PDC”) for the proposed acquisition of all that piece of land situated in Daerah Seberang Perai Selatan and forming part of Mukim 13, the site whereof is marked SV 64, Batu Kawan Industrial Park (“the Land”) for a total cash consideration of RM4,791,600/- (“Proposed Acquisition”).
The proposed acquisition shall be used only for manufacturing inspection, measuring, automated handling equipment, electro-mechanical prototyping to high volume production for the semiconductor, life science, defence, aerospace and emerging technology industries which will also include research and development activities related to Industrial Revolution 4.0 and smart manufacturing solutions," said the group.
Really hope like genetec twin brother la but this QES fundamentally look better than Genetec, so hope can be little brother : RM 15 TP in half will huat chai edi :p
Today’s price action signified an end of Wave ABC correction from its high of 0.975..and it turned bullish from its low of 0.705..seems like painting for a strong rally few months down the road..DYODD..cheers..
2 quarters already performed better than whole of last year's result... bear this in mind...YOY is going to be better... invest mid long term for bigger returns.
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....
Depeche
4,451 posts
Posted by Depeche > 2021-09-14 20:04 | Report Abuse
Patience is a virtue...2022 not far away...QES will do very well.