Posted by Siang9282 > 2023-02-14 20:39 | Report Abuse

https://www.klsescreener.com/v2/news/view/1110277

Posted by RockerArm > 2023-02-15 09:57 | Report Abuse

Chart telling me HongSeng is awaking up, so buy quick while it is still super low

Posted by nicholas99 > 2023-02-15 09:58 | Report Abuse

awake to con more people?

Posted by Anaconder > 2023-02-15 10:03 | Report Abuse

Have been in consolidation for past few months , so safe to buy at tis level

Posted by tahong > 2023-02-15 10:37 | Report Abuse

Big Volumes in past few days indicate the share is coming

Posted by Siang9282 > 2023-02-15 12:44 | Report Abuse

0041 0.210 to 0.215 controlled in 0041 WB controlled in 0.01 to 0.015

Posted by Siang9282 > 2023-02-15 12:46 | Report Abuse

There is no new progress, only waiting for new performance.

Posted by nicholas99 > 2023-02-15 14:34 | Report Abuse

200mil taruh sana untuk bait ikan bilis.

Posted by loneranger3211 > 2023-02-15 14:50 | Report Abuse

rupa-rupanya trick yang same je.

Posted by tahong > 2023-02-15 16:12 | Report Abuse

Breakout soon

Posted by Kostock > 2023-02-15 18:47 | Report Abuse

My target is rm1-rm1.50

Posted by loribalak > 2023-02-15 19:10 | Report Abuse

@Kostock RM1 possible even when glove business not good?

Posted by Kostock > 2023-02-15 20:17 | Report Abuse

Don't worry my friend still goreng,this tip my friend give

Posted by Kostock > 2023-02-15 20:20 | Report Abuse

Must believe this company is good company say business glove no good still profit

Posted by Siang9282 > 2023-02-15 20:37 | Report Abuse

在建立电动汽车分销和组装业务后，CSH Alliance 以 2000 万令吉的价格将其单位出售给手套制造商 Hong Seng

https://www.theedgemarkets.com/node/655030

================ =
对谁有利或不利？


===============
继续关注
季度业绩
董事对公司资金使用的计划
董事计划通过发行股票筹集更多资金

============== ==
TAYOR，设定现实的目标

Posted by Siang9282 > 2023-02-15 22:29 | Report Abuse

Electric Vehicle Industry

Posted by bigprice > 2023-02-15 22:43 | Report Abuse

×
BUSINESS
Hong Seng Consolidated acquires Alliance EV to capture EV adoption in Malaysia
By NST Business
February 13, 2023 @ 6:26pm
Hong Seng Consolidated Bhd (HSC) has acquired Alliance EV Sdn Bhd (AEV), the electric vehicle (EV) business arm of CSH Alliance Bhd.
Hong Seng Consolidated Bhd (HSC) has acquired Alliance EV Sdn Bhd (AEV), the electric vehicle (EV) business arm of CSH Alliance Bhd.
KUALA LUMPUR: Hong Seng Consolidated Bhd (HSC) has acquired Alliance EV Sdn Bhd (AEV), the electric vehicle (EV) business arm of CSH Alliance Bhd.

This acquisition is aimed to complement HSC's recent collaboration with EoCell Inc (USA) (EoCell) in manufacturing EV batteries.

HSC executive director Lester Chin said that with AEV's ready resources, the company aims to develop the latest EV manufacturing plant to capture the burgeoning EV adoption in Malaysia.

"This is also to increasing demand for eco-friendly transportation and the government's active promotion of EV use by offering incentives and subsidies to buyers and manufacturers.

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"We are also looking to be a contract assembler for other EV brands and players to help them facilitate the set-up of completely knocked-down (CKD) production lines in Malaysia at a later stage," he said in a statement today.

HSC previously entered into a memorandum of understanding (MoU) with EoCell, outlining both parties' intention to build and create a regional manufacturing hub in Malaysia to manufacture batteries for EVs and progress to other power storage solutions for EVs and to supply to EV manufacturers, assemblers, users in the Southeast Asian region.

EoCell is a major player in this sector due to its leading technology in energy storage solutions and has manufacturing tie-ups in Europe and the Americas for the local market there.

EoCell was also a key contributor from designing to manufacturing plug-in hybrid (PHEV) and EV batteries for prestigious and major European car brands.

EoCell selected HSC as its manufacturing partner for the Southeast Asian region.

Meanwhile, AEV is currently collaborating with BYD Malaysia Sdn Bhd (BYD), the Malaysian arm of BYD Company Ltd (BYD Group), a global leader in four major industries.

WHAT TO READ NEXT
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The collaboration entails cooperation in distributing the BYD T3 model, a fully commercial electric van, and setting up a 4S (sales, service, spare parts and body, and paint services) service centre and a local assembly plant in Malaysia.



To date, AEV has all the prerequisite business components ready to perform well in the EV sector.

The company successfully obtained the manufacturing license for the assembly of CKD commercial electric vans and model approval for the local assembly of commercial electric vans, primarily the BYD T3, from the Ministry of International Trade and Industry (MITI) in January 2023.

Subsequently, AEV also obtained the approved permits (AP) from MITI in February 2023 to bring the complete-built-up (CBU) units of BYD T3 into the country for distribution purposes before the set-up of the local assembly plant on the Tanjung Malim Land.

"HSC aspires to play its part in promoting sustainable developments.

"Therefore, as industry players, we need to accelerate the speed of automotive technology innovation and develop new concepts of electric, connected, autonomous, and shared mobility," Chin said.

Posted by Siang9282 > 2023-02-16 06:33 | Report Abuse

This is good diversification

Posted by Siang9282 > 2023-02-16 07:06 | Report Abuse

Gloves are also made, and electric vehicles are also made.

Posted by afata08 > 2023-02-16 08:26 | Report Abuse

mother stagnant dekat bawah 0.22, wb bawah 0.02...ini operator control kah!!...letih

Posted by berbolabiru > 2023-02-16 08:27 | Report Abuse

connnnnnnn company

Posted by berbolabiru > 2023-02-16 08:27 | Report Abuse

glove already game over

Posted by Kostock > 2023-02-16 09:05 | Report Abuse

Go!go!22sen

Posted by Siang9282 > 2023-02-16 09:12 | Report Abuse

Someone loses a ticket, and everyone collects it.

Posted by Kostock > 2023-02-16 09:58 | Report Abuse

This will become second cypark

Posted by azrudin84 > 2023-02-16 10:06 | Report Abuse

Awaiting test 0.25 first, break then sky the limit..

Posted by Siang9282 > 2023-02-16 11:07 | Report Abuse

0041WB collect or more

Posted by Kostock > 2023-02-16 11:28 | Report Abuse

But wb change back to mother share no value

Posted by Siang9282 > 2023-02-16 12:01 | Report Abuse

0025 YBS

Posted by Anaconder > 2023-02-16 12:18 | Report Abuse

Coming ,buy quick ! folks

Posted by Kostock > 2023-02-16 14:32 | Report Abuse

Don't worry just force selling will come back

Posted by jonathanlimkk > 2023-02-16 14:34 | Report Abuse

Grab lorrr... On sale..

Posted by Siang9282 > 2023-02-16 14:43 | Report Abuse

Gogogo

Posted by Kostock > 2023-02-16 14:44 | Report Abuse

Buying cheap price

Posted by Siang9282 > 2023-02-16 14:44 | Report Abuse

come on, come on, come on

Posted by Siang9282 > 2023-02-16 14:46 | Report Abuse

There is no way to raise tickets, only to collect more tickets.

Posted by Kostock > 2023-02-16 15:03 | Report Abuse

If u don't have money don't buy

Posted by Kostock > 2023-02-16 15:06 | Report Abuse

Give all ikan bills gone because no take money out

Posted by Kostock > 2023-02-16 15:14 | Report Abuse

I tell a story got one Oldman also buy this counter same buy 20sen about 5000lot after that drop until 3sen but he still believe this counter will come back,the Oldman no give up u waiting until come back ,he throw rm1+ he win 4millo..but goreng until 3.39 now drop back 14sen,u believe or no?your own risk,but market now is 18.5sen

Posted by Siang9282 > 2023-02-16 15:34 | Report Abuse

Glove stocks rose across the board today.

Posted by Siang9282 > 2023-02-16 15:45 | Report Abuse

Timing, turning point, opportunity.

Posted by Stocker > 2023-02-16 15:54 | Report Abuse

EV era ～ dun missed boat~

Posted by Siang9282 > 2023-02-16 16:20 | Report Abuse

follow the times

Posted by aireez > 2023-02-16 16:49 | Report Abuse

2morrow more down lol
Mother going to 15 cts
Son going to half cts ...

Posted by Anaconder > 2023-02-16 17:01 | Report Abuse

No panic button folks

Posted by nik5007 > 2023-02-16 17:21 | Report Abuse

Get ready.. Will shoot up soon

Posted by Siang9282 > 2023-02-16 17:21 | Report Abuse

It's school holidays, let's go on a trip

Posted by jarodpretender > 2023-02-16 17:31 | Report Abuse

adoiila

Posted by Siang9282 > 2023-02-16 17:50 | Report Abuse

SHARES SALE AGREEMENT
HONG SENG CONSOLIDATED BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-15022023-00002
Subject SHARES SALE AGREEMENT
Description HONG SENG CONSOLIDATED BERHAD ("HONG SENG" OR THE "COMPANY" OR THE "PURCHASER") AND ITS SUBSIDIARIES ("HONG SENG GROUP" OR THE "GROUP") - SHARES SALE AGREEMENT FOR THE PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN ALLIANCE EV SDN BHD
Query Letter Contents
We refer to your Company’s announcement dated 13 February 2023, in respect of the aforesaid matter.


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-



1) Section 2



a) It is noted from Hong Seng’s announcement dated 15 June 2022 and page 19 of Annual Report 2022 that the Company intends to set up regional EV batteries manufacturing hub with EoCell on an industrial land to be developed into Malaysia Green Valley (“MGV”) located in Seremban, Negeri Sembilan. Thus, to explain the reason or development that led the Company to choose Tanjung Malim Land as the Project Volt site rather than MGV and status of MGV project.



b) To provide salient terms on scope of collaboration between AEV and BYD.



c) In view that the Company has no prior experience in EV industry, to explain whether BYD or BYD Company Limited’s consent/approval is required for the change in shareholder of AEV.



d) To provide details of development of the Project EV as per Item 4 Part C of Appendix 10A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“LR”), where applicable.



2) Section 2.1



a) To state whether there are other model of vehicle (other than BYD T3 EV) which was approved for assembly from MITI.



b) To spell out the conditions imposed by MITI, if any.



c) To state the duration of approval granted by MITI for the AP.



d) To state whether authority’s approval is required for the change in AEV’s shareholders or holding company in relation to the Manufacturing License and AP that were obtained. If yes, to state the estimated time frame for submission of such application to the authority.



e) To specify the date where independent valuation is expected to be carried out on Tanjung Malim Land and PJ Land.



3) Section 2.3.2



To illustrate how the Purchase Consideration will be adjusted once the due diligence exercise is completed.



4) Section 9



a) To state the specific provision under Paragraph 10.08 of the LR that Mr Ng Keok Chai is not deemed to be interested in the Proposed Acquisition.



b) To confirm that the common director has no other interest such as commission or other kinds of benefit received from Hong Seng and CSH Alliance Berhad (“CSH”) or any of their subsidiaries in relation to the Proposed Acquisition.


5) Other



It is noted from CSH’s announcement on even date that, …AEV’s business would require extensive resources such as high capital investment and substantial working capital to set-up the local assembly plant, employment of highly-skilled manpower, procurement of advance technologies and machineries and aggressive marketing initiatives to create brand awareness and promote adoption of EVs in the market with long gestational period before the Group (CSH and its subsidiaries) is able to crystalise the potential earnings thereon.



In this regard, to quantify the estimated total capital and investment outlay that is expected to be incurred by the Company on the above after the Proposed Acquisition. To also state the source of funding for the estimated total capital and investment outlay required.



Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.



Yours faithfully,

Listing

Regulation


Cc : Market Surveillance Dept. , Securities Commission

Please refer to the attachment for the full text of the Company's reply to Bursa Malaysia Securities Berhad.

This announcement is dated 16 February 2023.

Please refer attachment below.

Attachments
Hong Seng - Reply to Query (SSA-AEV).pdf
283.0 kB

Announcement Info
Company Name HONG SENG CONSOLIDATED BERHAD
Stock Name HONGSENG
Date Announced 16 Feb 2023
Category General Announcement for PLC
Reference Number GA1-16022023-00025

Posted by loneranger3211 > 2023-02-16 18:01 | Report Abuse

Tomorrow LU?