OTHERS NOTION VTEC BERHAD ("NVB" OR "THE COMPANY") - SALES CONTRACT AWARDED FOR THE SUPPLY OF DISPOSABLE NITRILE EXAMINATION GLOVES NOTION VTEC BERHAD
Type Announcement Subject OTHERS Description NOTION VTEC BERHAD ("NVB" OR "THE COMPANY") - SALES CONTRACT AWARDED FOR THE SUPPLY OF DISPOSABLE NITRILE EXAMINATION GLOVES “Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Company's announcement dated 22 September 2020.”
Reference is made to the Company’s announcement on 22 September 2020 pertaining to the Sales Contract Awarded for the Supply of Disposable Nitrile Examination Gloves.
The Board of Directors of NVB wishes to announce that the Customer did not comply with the terms of the Sales Contract in remitting full payment for the scheduled shipment. The Company has waited for sufficient time for the Customer to comply but finally decided that due to the said non-compliance, it would be risky for the Company to secure the supply and take the risk of possible non-payment by the Customer. The initial remittance of USD8.22 million was returned to the Customer and the Contract was amicably terminated with no cost to either party.
The above disclosure had also been made via the announcement in relation to the fourth quarter result on 25 November 2020.
Remember last year when notion eventually follow HLT after being laggard (see 23rd - 29th July 2020). So,aAs per today afternoon, HLT already up 65% from its lowest this year, while notion only 18%. Opportunist know which better to enter for more upside and lesser risk of course, but panic chicken will only throwing at low during flushing a bit, baru kena goyang sikit dh panic :)
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....
MadCow75
3,091 posts
Posted by MadCow75 > 2021-04-21 23:07 | Report Abuse
still no power...