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  Faiza frm egm, biz recovery shud be fast as no customers cancel contracts just some delays 23/10/2020 10:52 AM Faiza https://www.theedgemarkets.com/article/radiant-globaltech-gets-shareholders-nod-buy-majority-stake-grandflo-spritvest?type=malaysia 23/10/2020 3:20 PM kenie Radiant Globaltech gets shareholders' nod to buy majority stake in Grand-Flo Spritvest KUALA LUMPUR (Oct 23): Retail technology solutions provider Radiant Globaltech Bhd has obtained its shareholders’ approval to acquire an 80% stake in Grand-Flo Spritvest Sdn Bhd (GF Spritvest) for RM11.6 million cash. Radiant Globaltech had on Sept 10 said the remaining 20% will be held by Jejaka 7 Capital Sdn Bhd, in which GF Spritvest director and chief executive officer Cheng Ping Liong holds majority equity interest of 55%. In a bourse filing, Radiant Globaltech said its shareholder approved the acquisition at its extraordinary general meeting today. It said the acquisition of GF Spritvest would allow the group to expand its customer coverage to include non-retail customers such as fast-moving consumer goods (FMCG), electronics, and utilities industries in Malaysia. Radiant Globaltech managing director Paul Yap Ban Foo said the firm intends to integrate GF Spritvest’s software offerings to its AX B2Ba platforms, and combine technical support service teams. “This allows us to create a synergistic effect through enhanced solutions and capture a larger market share in the non-retail segments, including the FMCG, electronics and utilities segments. “Once the regional borders are open, we will have the opportunity to bring GF Spritvest’s software offerings to countries where we have established a direct presence, namely Cambodia, Vietnam and Thailand. “This would bring us one step closer to reaching our goal of becoming a leading total integrated technology player,” Yap said. Radiant Globaltech said the acquisition is supported by a service agreement with Cheng, who will continue to lead GF Spritvest. Further, it said Cheng would provide a cumulative net profit guarantee of RM3.2 million from the completion date of the share sale agreement (SSA) until the financial year ending Dec 31, 2022. The firm said the acquisition is expected to be completed in the fourth quarter of 2020, pending the fulfilment of terms of the SSA A unit of Main Market-listed Grand-Flo Bhd, GF Spritvest provides electronic data capture and collation solutions that enable businesses to manage and collate data with barcode and radio-frequency identification technology. Its clientele includes prominent companies in the fast-moving consumer goods and electronics industries, as well as government-linked companies in Malaysia. At midday break today, Radiant Globaltech rose 7.35% or 2.5 sen to 36.5 sen, valuing it at RM191.69 million. 05/11/2020 10:06 AM kenie Cheng would provide a cumulative net profit guarantee of RM3.2 million from the completion date of the share sale agreement (SSA) until the financial year ending Dec 31, 2022. ------------------------------------------------------ hahaha...Granflo own Grand-Flo Spritvest Sdn Bhd also financial losses 3mil how to profit guarantee 3.2mil to Rgtech 05/11/2020 10:08 AM Amukutty Yes Faiza i hope and pray Q3 results will be good.Enough of waiting.Just want to have a peace of mind. 14/11/2020 1:57 PM Faiza Likely will hve profit contribution frm newly acquired spritvest, great synergy with existing biz, great potential 14/11/2020 3:57 PM CalvinKang rgtech's movement a little bit slow. but full of potential. hold tight 19/11/2020 7:28 PM Faiza https://www.theedgemarkets.com/article/covid19-catalyst-businesses-digital-transformation-journey KUALA LUMPUR (Nov 19): As businesses accelerate their migration to digital technologies, driven by the Covid-19 pandemic, they need to ensure the process continues during the recovery and post-pandemic periods, Malaysia Digital Economy Corporation (MDEC) chief executive officer Surina Shukri said. She said the digital transformation wave is still under way in many industries, both in Malaysia and the Asia-Pacific region, especially among the small and medium enterprises (SMEs) where they are focusing on the digitalisation of products, services and business processes. While doing so, businesses also need to start adopting the Fourth Industrial Revolution (IR4.0) technologies, she said at a spotlight session entitled “APEC’s Artificial Intelligence (AI) Opportunity”, in conjunction with APEC CEO Dialogues 2020 today. 20/11/2020 10:36 AM orange11 next few years should be good expecting robust growth if not good, just sell then 20/11/2020 11:50 AM orange11 amukutty, if next few quarters showing growth, next 1 to 3 yrs will be joyride up the moon digitalisation is the trend now, not only bcause of pandemic, also to increase efficiency and optimise resources 20/11/2020 2:50 PM jack2 https://www.theedgemarkets.com/article/technology-players-among-businesses-most-receptive-budget-2021 23/11/2020 7:49 AM wakarimas see the pe so high..... and the profit macam not promising.,...hoot revenue faster 26/11/2020 3:29 AM orange11 results is disappointing but price is well supported that is possibility the positive side and lookg towards next year performance 27/11/2020 8:58 AM Paktua Second Will go to 58 cents by end of year. Just buy when it is still cheap 22/01/2021 4:09 PM  | |
