kns

any updates on this share?

taiko ng is 25.33% now, can we celebrate?

time to take profit??

today is good day for alam.

lets break the 72c mark today

anyone notice the buyer and seller queue always end with 88 or 888? meaning this counter can huat ah

happy new year to all oceaners. everyday green closing 2013

Green Ocean banks on new technology for profit
KUALA LUMPUR: Green Ocean Corp Bhd is poised to post a record profit of between RM15 million and RM20 million in the financial year ending 31 March 2013.
The loss-making company is expected to register its first profit in four years for the financial year ending 31 March 2012.
“We should make a profit in the range of RM2.5 million,” said its group managing director Lee Byoung Jin in an interview with Business Times.
Lee, a South Korean national, and parties aligned to him control about 28 per cent of the company.
Lee is banking on the company’s exclusive technology to push the company back to the road of profitability.
The technology was developed by the Malaysian Palm Oil Board (MPOB), and Green Ocean pays the board a royalty for 20 years
of exclusive use of the technology.
The technology, known as Novelin, allows Green Ocean to produce cooking oil which has cold stability at zero celcius, which means
it can be used during the cold winter period.
Palm-based products tend to solidify at about 24.1 degree Celcius, which means palm oil-based cooking oil can’t be used during winter.
The Novelin technology, which has been trademarked by the MPOB, is a game changer in the global cooking equation as it removes palm oil’s Achilles’ heel in cold weather.
If proven to be commercially successful on a large scale, it is also a significant cash cow for Green Ocean, which has already commercially tested its products in the South Korean market.
Green Ocean has never posted a double-digit profit, and Lee, who took the company over some three years ago, has been busy cleaning up the company’s balance sheet.
Today, the company has about RM9.70 million debts and about RM34.78 million assets, and Lee is excited about the future.
“We are expecting to get a grant of about RM24 million from the government’s Performance Management and Delivery Unit (Pemandu) sometime in March to build a new factory.
The new factory will help us increase our production capacity by as much as 10 times."Our current production facility has a capacity to produce 11,000 tonnes of cooking oil, but with the new plant, our capacity will increase to 100,000 tonnes," Lee said.
Green Ocean currently has a pilot plant near Port Klang, and the new plant, which will take about nine months to complete, will be located in the same area.
He added that Pemandu is involved because the project undertaken by Green Ocean is part of the government's Economic Transformation Programme.
Lee proudly pointed out that his company is 100 per cent export-based, namely to South Korea and China, and that Green Ocean is the only company in Malaysia with the exclusive Novelin technology.
"We are the first and only company doing this right now," said Lee.

just bought too

bor bullet liao o

thanks

bull, taiko ng also start disposing to make profit?

GO 006

something brewing

Green Ocean: New major shareholder raises stake. In slightly over a month, Ng Chiew Eng, a substantial shareholder of Green Ocean Corp has gained the largest stake in the group with 20.6% as at Dec 5. Ng emerged as as a substantial shareholder of the group when he bought 11.4m shares on the open market, or a 6.1% stake, on Nov 2. (Financial Daily)

please include me at cal9972@gmail.com

peter, please PM any latest news. cal9972@gmail.com

well said

can share info to me at cal9972@gmail.com. thanks

great!! looking forward to another good day

how come no comments???