LETTER OF INTENT (“LOI”) FROM INDIA SECURITY PRESS IN RELATION TO THE PROCUREMENT OF 15-MILLION INTERNATIONAL CIVIL AVIATION ORGANIZATION (ICAO) COMPLIANT ELECTRONIC CONTACTLESS INLAYS ALONG WITH ITS OPERATING SYSTEM (IN 2UPS) REQUIRED FOR MANUFACTURE OF INDIAN E-PASSPORT’ AMOUNTING TO USD 27,540,000.00 (USD TWENTY SEVEN MILLION FIVE HUNDRED AND FORTY THOUSAND DOLLARS ONLY) (“PROJECT”).

1. INTRODUCTION

The Board of Directors of IRIS is pleased to announce that the Company has today received a LOI dated 6 September 2020 from India Security Press.

2. SALIENT TERMS OF THE LOI

The salient terms of the LOI are set out as follows:

a) The Company shall supply pre-production sample of 1000 Inlays within three months after issuance of the LOI; and

b) The Company is requested to furnish Performance Security/Security Deposit equivalent to 10% of contract value within 21 days from the date of issuance of the LOI.

3. EFFECTS OF THE LOI

The Project will not have any effect on the issued and paid-up share capital, gearing and the shareholding of the substantial shareholders of IRIS as it does not involve the issuance of ordinary shares in IRIS. The Project will contribute positively to the earnings of IRIS during its tenure.

4. INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

None of the directors and/or substantial shareholders of IRIS and/or person connected with them have any interest, whether direct or indirect, in the Project.
5. STATEMENT OF DIRECTORS

The Board, having taken into consideration all aspects of the Project, is of the opinion that the Project is in the best interest of IRIS and its shareholders.
6. APPROVALS REQUIRED

The LOI is not subject to the approval of the shareholders of IRIS.

7. DOCUMENTS AVAILABLE FOR INSPECTION

The LOI is available for inspection at the registered office of IRIS during office hours from Monday to Friday (except public holidays) at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur for a period of 3 months from the date of the LOI.

The Company will make further announcement should there be any material updates in relation to the Project.

This announcement is dated 7 September 2020.

KUALA LUMPUR: Comfort Gloves Bhd registered its best ever quarterly profit in the three months ended July 31 on stronger sales and higher margin.

"The increase emphasis placed on hygiene and sanitation by Covid-19 has led to an increase in the demand for the Group’s speciality premium gloves," the company said in a filing with Bursa Malaysia today.

Comfort Gloves said based on its discussion and feedbacks from partners worldwide, it expects demand for premium gloves to increase further.

"The emphasis on hygiene and sanitation will also not be reduced in the event a vaccine becomes generally available," it said.

Net profit is the second quarter soared to RM42.8mil, or 501% higher compared with RM7.1mil made a year ago.

Revenue rose to RM198mil from RM117.6mil previously.

Comfort Gloves has declared an interim dividend payout of 1.5 sen a share.

To meet the increased demand, the group has begun optimising and streamlining its existing operations to increase productivity and output by 10% this quarter when compared with the 1QYE21.

"The Group intends to continue this process with the goal of achieving an additional increase of 10% by 4QYE21," it said.

In addition to this, Comfort Gloves is adding new production lines that will increase overall capacity by 20% by 1QYE22.

"The current market environment has allowed the Group to work with our partners worldwide to lock in commitments for the purchase of gloves for the next 18 months," it said.

https://www.klsescreener.com/v2/news/view/724827

Rm2billions ...counter in the red

KUALA LUMPUR: AppAsia Bhd has sealed an agreement with Telekom Malaysia Bhd to develop the Yellow Pages digital platform for an initial five years.

This follows earlier reports that AppAsia might have bagged a deal valued as much as RM2 billion with TM.

As part of the agreement, AppAsia would take control of TM's fixed line business pages which is parked under the iconic Yellow Pages, sources said.

AppAsia had been tasked to revamp Yellow Pages to help TM crack the estimated RM2.25 billion digital advertising industry, the sources added.

AppAsia said its wholly-owned AppAsia Tech Sdn Bhd (ATSB), had signed an agreement with TM️'s unit TM Info-Media Sdn Bhd (TMIM) to develop, market and promote the Yellow Pages digital platform for the initial period of five years.

TMIM will provide the content and database to the Yellow Pages digital platform, develop the sales distribution channel and market the platform, including to existing and new business customers of TM,

TMIM and ATSB will be sharing the revenue generated from the platform in accordance with the stipulated sharing ratio, the filing said.

Yellow Pages is a leading digital business directory in Malaysia owned by TMIM and has a 500,000-strong business directory easily searchable online.

The agreement was expected to transform the Yellow Pages Business Directory into a fully-fledged digital classified platform with an online ecosystem of its own and a payment gateway using the latest artificial intelligence and big data technologies, said the Bursa filing.

It is also expected to have a material financial impact on the future earnings of AppAsia as it will enable the company to have access to a large customer base that in turn will help it establish a big role in Malaysia's RM2.3 billion digital advertising industry.

AppAsia's shares added 7.5 sen, or 10.2 per cent, to 81 sen yesterday.

Meanwhile, it is understood that Pelaburan Mara Bhd (PMB), which has been gradually increasing its stake in AppAsia, had played a pivotal role in AppAsia securing the deal.

https://www.theedgemarkets.com/article/lkl-international-bags-nitrile-glove-supply-contract-worth-rm785m?type=malaysia

Inix to get supply of Covid-19 vaccine?
September 2, 2020 @ 1:31pm

NST Business

KUALA LUMPUR: Inix Technologies Holdings Bhd has obtained access to Covid-19 vaccine supply, sources said.

Inix was also poised to build a medical rubber glove plant in Perak via a joint venture (JV) with a state-owned company there, they added.

The sources said Inix had managed to secure a supply of the potential vaccine from an undisclosed high technology company.

A formal agreement on the deal is expected to be signed within weeks.

Meanwhile, Inix and the Perak government-linked company (GLC) would sign an agreement to set up 20 production lines of medical rubber glove soon, the sources said.

The JV will be on 50:50 basis, with the Perak GLC providing the land and half of the capital needed.

Inix will provide the balance of the capital, as well as management and technology expertise.

Started to fly

The problem.not many ppl buy sell titi

Sad all glove related in the green only hlt The Darling of 2nd liner of glove counters stil in the Red

Need to inject wt some vaccine

waking up but not conscious as yet

waking up fr coma

HLT stil in coma...hopefully wake up soon

HLT one of Darling of 2nd liner glove counters not moving as most glove counters hv gapped up...The legal suit spoof off many

Siew reveals that the partnership with S5 is not a new working relationship as he had been in a joint-venture fertiliser business over a decade ago with one of S5’s directors, Tuan Syed Mohammad Hafiz Syed Razlan.

When asked how big a stake Ancom will be holding in S5 as it will no longer be a holding company of the ALB shell upon restructuring, Siew says the group is still waiting for a valuation report and the recommendation of its advisers.

“The largest capitalisation digital-based company paid RM90 million for a 10% stake in S5. MyEG [Services Bhd] is experienced in this line of business. It must recognise the value,” he says.

Restructuring does come with changes and the emergence of a new director at ALB recently — Tan Sri Ampikaipakan S Kandiah — which has raised eyebrows as the medical doctor is also part of Prime Minister Tan Sri Muhyiddin Yassin’s medical team. Is this a political appointment?

Anor indication rto is stil an on going....

https://www.theedgemarkets.com/article/ancom-hits-reset-button?type=corporate

We just wait n watch titijaya fly tues

BEIJING (Aug 29): Sinovac Biotech Ltd's coronavirus vaccine candidate CoronaVac was approved for emergency use as part of a programme in China to vaccinate high-risk groups such as medical staff, a person familiar with the matter said.

*China National Biotec Group (CNBG), a unit of state-owned pharmaceutical giant China National Pharmaceutical Group (Sinopharm), also said it had obtained emergency use approval for a coronavirus vaccine candidate in social media platform WeChat last Sunday*

CNBG, which has two vaccine candidates in phase 3 clinical trials, did not say which of its vaccines had been cleared for emergency use.

Sponsored Content

China has been giving experimental coronavirus vaccines to high-risk groups since July, and a health official told state media in an interview aired last week that authorities could consider modestly expanding the emergency use programme to try to prevent possible outbreaks during the autumn and winter.

State media Xinhua reported late on Friday that two vaccine candidates were approved in June for the emergency use program launched in July, without identifying the specific products.

Officially, China has given little details on which vaccine candidates have been given to high-risk people under the emergency use programme and how many people have been vaccinated.

In June, prior to the emergency use programme, employees at state firms travelling overseas were allowed to take one of the two vaccines being developed by CNBG, state media Global Times reported. China's military had also approved the use of CanSino Biologics' vaccine candidate.

Seven vaccines against the coronavirus are in final trial stages around the world, and four of them are from China.

But no vaccine has yet passed the final stage of trials proving it is safe and effective — conditions usually required to be met to get regulatory approval for mass use. Covid-19 has killed over 800,000 people worldwide.

MATERIAL LITIGATION HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY") - MATERIAL LITIGATION PURSUANT TO RULE 9.04(f) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
HLT GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")
- MATERIAL LITIGATION PURSUANT TO RULE 9.04(f) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
The Board of Directors of HLT wishes to announce that on 28 August 2020, HL Advance Technologies (M) Sdn. Bhd., a wholly-owned subsidiary of the Company has been served with a sealed Writ of Summons No. WA-22NCC-390-08/2020 accompanied by a Statement of Claim, both dated 18 August 2020 by WRP Asia Pacific Sdn. Bhd. (“Plaintiff”) who alleges, inter alia, that in the course of an internal investigation conducted by the Plaintiff, it was discovered that Lee Son Hong (1st Defendant), Too Sooi Keng (2nd Defendant), HL Advance Technologies (M) Sdn. Bhd. (3rd Defendant), Chan Yoke Chun (4th Defendant) and/or Wong Kok Wah (5th Defendant) had conspired to pay a total of RM36,000,000.00 to HL Advance Technologies (M) Sdn. Bhd. to the detriment of the Plaintiff.

Please refer to the attachment for the details of this announcement.

This announcement is dated 28 August 2020

Why announced it today as well

There is a legal case

Dear Bursa
Dear SC
Why Cant Listed Cos in Msia Fixed A Cfmed Date To Announce Their QR ???

Even upcoming qtr results is good for glove counters but by that time vaccine news wil equalised out the euphoria of record shattering earning ...dont b surprised we might b seen the highest price of glove counters at current time...we r seen the historic high now...might not b coming 3 or 4th qtr

Glove party is over ..

Anor show coming today

Looking at Iris n my eg both share price well supported not much down side...which meant someone collecting n supporting it. Iris quite similar to ancomlb scaling new high n stay stable b4 climbing up again

I wish i know...i thought Aug...but looking at all the counters vying for the contract none showing sign they got it or hear anything...mkt n share movement of these counters cant lie...So all must monitor closely My Eg Iris Ancomlb Htpadu Dsonic n a few more counters wt link to niis. Sudden spike up in volumn or price is indication sthing brewing...

Price well supported waiting for qr

Watch out m3tech too...xox bought alot ...

Wt news coming can stil buy and keep

Those who bought high at over 60cts do try to buy more on downside to average down yr cost...As Ancom logistic show isnt over...In fact it has just started...run down to Crucial Announcement vr soon...Unless of course they aborted the rto deal...

2molo limit up

Buy more and keep

30cts over to 40over then to 50over today we r seeing 60over obvious mkt maker slowly pushing it up to make a few rounds...Next wil 70cts over ...today touched 70cts

Today wont closed abv 30cts...too many sellers waitng to offload at 30cts ...It wil b nice to close at 29 or 29.5cts 2molo open easier zoom past 30cts

Pump n dump ...not riding on Niis news...prelude to the annoucement there wil b a few more rounds of pump n dump...If u r Mkt Maker u also take advantage of the feel good sentiment running up to the annoucement date Instead of making money just 1 round perfectly set up to make a few round

Not to worry those bought at high price take up upon due date n wait ..Game aint over ..the longer this Niis takes it favour mkt maker...everyone thought is by Aug Niis announcement...so is ideal time to pump n dump ...

Wil break 30cts today..
brewing

Too many seller at 30cts

Big Boulder at 30cts

In the end ancom log better thab iris...

We should report them..all the article that they wrote must be screened too by authorities

Fauci warns against premature authorization of coronavirus vaccine

https://edition.cnn.com/2020/08/24/politics/fauci-coronavirus-vaccine-emergency-use-authorization/index.html

If we are talking of which counter up most ...ppl might mistaken ancom logistic got niis contract...ancom log up 5.5cts...iris closed in red

Haiz whole day only 2 cts up down up down

Read this article b4 plan to collect more

https://www.thestar.com.my/business/business-news/2020/08/25/virus-vaccine-could-be-bad-for-red-hot-glove-stocks