0066 VSOLAR VSOLAR GROUP BERHAD TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) VSOLAR GROUP BERHAD ("VSOLAR" OR THE "COMPANY") JOINT VENTURE AGREEMENT BETWEEN CUBETECH ASIA SDN BHD AND PERMAJU INDUSTRIES BERHAD You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
This stock needs more fund to support its future LSS4 ventures. That said, It will soon embark on 10 to 1 share consolidation exercise, follow by RIGHT ISSUES with free WARR.
Under the agreement, Genbayu Gemilang will lease the required land to Cubetech Asia at no cost to undertake the project. The former will hold a 70% stake in Cubetech Asia, while Vsolar will hold the remaining 30% equity interest.
Permaju said Vsolar will manage and operate Cubetech Asia and assist the latter to secure financing for the project via a mixed of equity and debt financing amounting to RM173.6 million and RM43.4 million respectively.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
topmaniac94
3 posts
Posted by topmaniac94 > 2020-08-31 12:53 | Report Abuse
Tomorrow the party at this counter will start
https://www.thestar.com.my/business/business-news/2020/08/31/positive-outlook-for--renewable-energy