"OTHERS GD EXPRESS CARRIER BHD ("GDEX" OR "THE COMPANY") - APPROVAL FROM MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY ("MIDA") ON APPLICATION BY GD EXPRESS SDN BHD ("GDSB") FOR SECOND ROUND OF INTEGRATED LOGISTICS SERVICES ("ILS") TAX INCENTIVE AS AN EXPANSION PROJECT AND E-COMMERCE / E-FULFILLMENT DIVERSITY PROJECT"
Buy CAELY 7154. Public Gold founder becoming new shareholder. Good quater result will be announce soon. High profit in mask and PPE Sales. This cpuld be another GETS.
The Board of Directors of GDEX wishes to announce that GDSB, the wholly-owned subsidiary company of GDEX, has received an approval letter dated 23 October 2020 from MIDA for the second round of tax incentive to carry out ILS activities as an expansion project and e-commerce/e-fulfillment diversity project, under the P.U. (A) 112 Income Tax (Exemption) (No.11) Order 2006, Income Tax Act, 1967 (“MIDA Approval Letter”).
With the ILS tax incentive, GDSB will be eligible for income tax exemption via Pioneer Status (“PS”) up to 70% on Statutory Income for each year of assessment for a period of five (5) years. At this junction, the Board has yet to quantify the amount of tax saving from the ILS incentive as the effective date of the PS has yet to be finalized and determined.
GDSB has made an appeal on certain terms and conditions stipulated in the MIDA Approval Letter, while in the process of applying to MIDA on the effective date of the PS. The Company will make further announcement on the development of the appeal and application in due course.
The Board is of the opinion that the ILS incentive would contribute positively to strengthening the operations and future earnings of GDEX Group.
Stupid Con Man Counter try to con more water fish here again. Becareful ya, after a while, they will dump the price and down 9.5 cents suddenly like last week. Don't play play with this stupid counter! there are so many other courier company in the market like J&T, Ninja Van & Pos
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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....
samsungtrader
341 posts
Posted by samsungtrader > 2020-11-10 23:32 | Report Abuse
Let's see hows tomorrow's game... chill gais....