BYD Malaysia is the Malaysian arm of BYD Company Ltd,a global leader in four major industries,namely electronic ,auto,new energy and rail transit. The company is also a pioneer in achieving a zero-emission energy ecosystem with affordable solar power,reliable energy storage and electrified transportation. CSH has acquired 55 acres of land in Tanjung Malim,Perak,which is intended for the local EV assembly plant. The strategic location resides within the Automotive Hi-Tech Valley(AHTV),which will house the biggest automotive manufacturing plant in Malaysia with comprehensive supply chain companies around the area. AHTV is expected to be a high-impact major project to boost the national automotive industry and is envisioned as an automotive industry hub for the ASEAN region.
CSH Alliance Bhd(CAB) is on course in its venture into the electric vehicles(EV) industry in tandem with company's goal of electrifying the future. Executive director Jeff Chong said the company has been working closely with Malaysia's authorities board,such as the Ministry of International Trade and Industry(MITI) and the Malaysian Investment Development Authority (MIDA). "We have successfully obtained the manufacturing license for the assembly of a commercial electric van,primarily the BYD T3 electric van. "our next milestone is to bring the complete-built-up(CBU) vans for the commercial sector into Malaysia,which will benefit the commercial industry,mainly the logistics and transportation sector,in lowering their carbon emissions. "Together,we will be able to reduce Malaysia"s carbon footprint and develop a more sustainable environment for our future generation," he said in a statement .
The Company wishes to provide the following additional information:
(1) The Manufacturing License for the assembly of commercial electric van(" Manufacturing License") and the letter on the model approval for local assembly of electric commercial van,primarily the BYD T3 EV (" Model Approval Letter"),were issued by Ministry Of International Trade and Industry(MITI)
(2) AEV had on 5 January 2023 received the Manufacturing License dated 20 November 2022 and the Model Approval Letter,dated 21 December 2022
(3) The term of the MOU with BYD shall continue for a period of 2 years from 21 March 2022(i.e. the date of the MOU and the agreement pertaining to the detailed commercial arrangement between the parties is expected to be executed within 6 months from the date of this announcement. This announcement is dated 10 January 2023
Insiders know that they are going to propose bonus issue this year and slowly push up the share price from 0.70 to highest 2.08 today It will face some corrections for sure,pls don't greedy fir bonus issues, nothing special and attractive right now,unless they pay special dividend
MMSV(0113) had already met the uncle Koon Yew Yin golden rule for share selection criteria which the stock must have reported increasing profit for 2 quarters ant it is selling at projected PE below 15
Current Year Prospects: The management of Elsoft expects weaker demand for Autmated Test Equipment ("ATE") in second half of 2022 as customers have postponed on capital expenditure (CAPEX) due to supply chain disruption. Although these are uncertainties,the Management remain confident on the Group's prospects for the year ahead