This is the caveat to today's news: "The above strategic partnership arrangement will not have any material impact on the earnings per share and net assets of Greatech Group for the financial year ending Dec 31, 2021. None of the directors, major shareholders of Greatech and/or persons connected with them have any interest, direct or indirect, in the above collaboration arrangement," Greatech added.
If both prototype lines meet ATLIS’s performance and quality expectations, the two companies will explore the development of high-volume lines designed to produce millions of cells and hundreds of packs per month.
“Atlis Motor Vehicles is an exciting new company that Greatech is happy to be partnered with for Battery Manufacturing,” said Greatech CEO EK Tan. “Greatech is pleased to work with Mark and his team at Atlis Motors to help them bring their new battery technology to market.”
Govt awards RM6.2 mil Smart Automation Grant to 66 SMEs, mid-tier companies KUALA LUMPUR (Feb 4): A total of 66 small and medium-sized enterprises (SMEs) and mid-tier companies have been awarded the Government's National Economic Recovery Plan (PENJANA) 2020 #SMART Automation Grant (SAG). In a statement today, the Malaysia Digital Economy Corporation (MDEC) said the grant, involving a total of RM6.2 million, was awarded to registered businesses in primarily traditional or non-technology activities from the services sector. MDEC chief marketing officer and head of digital investments and brand Raymond Siva said the outcome-based matching grant will assist these companies to accelerate automation and achieve productive results, such as increased revenues; savings in business costs; reduction of process time cycle and man-hours spent; and creating new sources of growth. “Each successful applicant had been allocated up to 50 per cent of their total project cost, subject to a limit of RM200,000, or whichever is the lowest, through this matching grant. This means the successful applicants will pay at least 50 per cent of the total cost of the digitalisation project and, subsequently, receive the remaining amount based on the achievements of the agreed milestone deliverables, he said. MDEC said the SAG, which was launched in July 2020, had been conceptualised as a matching grant for companies in the services sector to spur them towards automating their business processes and pursue full digitalisation. The grant allocated from the 2020 PENJANA initiative aims to drive these businesses towards kickstarting the implementation of digital processes and the use of technology tools that will automate their business operations,” it said. MDEC noted that all of the 66 approved SAG recipients come from all over Malaysia, including service providers from the wholesale and retail trade (30 per cent); general services (24 per cent); and professional services (14 per cent). The other sectors consist of transportation and storage, tourism, education, healthcare, food and beverage, financial and insurance, and real estate and construction. Since its unveiling, this initiative solely focused on enabling digital adoption among businesses, which is a central part of MDEC’s three strategic framework pillars, namely Digital Jobs, Digital Businesses and Digital Investments. The agency continues to set the foundation for SMEs and mid-tier companies to thrive in the Fourth Industrial Revolution era by focusing on empowering businesses at every level and in all sectors.
For those who believe Greatec mother share will move upwards ( which msny here do, it makes sense to buy Greatec CA. The return ( % form) on the investment is much higher than the mother share. This is due to the gearing effect. Last Thursday i bought it at 16.5 cents and 20 cents was done this morning. The high on Friday was 22 cents.
If the mother goes up from RM6.50 ( now) to RM7.50 ( up abt 15.3%) , then
CA likely to move up to 31 cents ( up abt 50% from the current price of 20 cents). The premium is based on what was observed last few days.
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....
Bgt 9963
7,445 posts
Posted by Bgt 9963 > 2021-02-03 09:21 |
Post removed.Why?