@OKU_2020, I see that this counter is going back to 3 cents, there's no hope in the near term to move up as their business module is big question mark...
Nexgram Holdings Bhd has teamed up with Indonesia’s PT Mitra Abadi Propertindo Utama (MAPU) to sell medical test kits in Indonesia and other Southeast Asian markets. MAPU has estimated that it will require 500,000 sets
The Board of Directors of Nexgram wishes to announce the following additional information as required in Query:
1. The source of the supply of the PPE i.e. the gown and medical gloves to NBSB for NBSB’s onward distribution to MAPU.
NBSB get the supply from Crecom Burj Gloves Sdn Bhd which NBSB is the appointed representative for AAMI Isolation Gown and K-Gloves Nitrile Examination.
2. Total capital and/or investment outlay required of NEXGRAM and/or NBSB in respect of the venture into the distribution of PPE to MAPU.
No capital or investment outlay is required by NBSB as the customer is required to pay the deposit of their order.
3. Clarification on whether the sale of PPE to MAPU requires any government approvals in Malaysia and/or Indonesia. If yes, please state the government approvals NBSB needs to obtain and the status of such approvals.
PPE is not required approval from Medical Device Authority. However, MAPU will apply the special access approval from Kementerian Kesehatan Republik Indonesia upon each delivery.
4. The commencement and expiry dates of the sale of the Products to MAPU as stipulated in the Agreement.
The first delivery of the order for AAMI Isolation Gown and K-Gloves Nitrile Examination Gloves-Powder Free will be on November 2020.
NEXGRAM HOLDINGS BERHAD (“NEXGRAM” OR “COMPANY”) REPLY TO QUERY LETTER FROM BURSA MALAYSIA SECURITIES BERHAD DATED 27 JULY 2020 (REF : IQL-27072020-00002)
SUBJECT : OTHERS
DESCRIPTION : NEXGRAM HOLDINGS BERHAD (NEXGRAM OR THE COMPANY)
CONDITIONAL OFFTAKE AND PURCHASE AGREEMENT ENTERED INTO BETWEEN NEXGRAM BIOMEDIC SDN BHD WITH PT MITRA ABADI PROPERTINDO UTAMA FOR DISTRIBUTING PERSONAL PROTECTION EQUIPMENT TO INDONESIA
The Company’s announcement dated 23 July 2020 (“Announcement”) and the query letter from Bursa Malaysia Securities Berhad dated 27 July 2020 (Ref : IQL-27072020-00002) in relation to the Conditional Offtake and Purchase Agreement (“Agreement”) refer. Unless otherwise stated, the terms used in this announcement shall have the same meaning as defined in the Announcement. The Board of Directors of Nexgram wishes to announce the following additional information as required in Query:
1. The source of the supply of the PPE i.e. the gown and medical gloves to NBSB for NBSB’s onward distribution to MAPU. NBSB get the supply from Crecom Burj Gloves Sdn Bhd which NBSB is the appointed representative for AAMI Isolation Gown and K-Gloves Nitrile Examination.
2. Total capital and/or investment outlay required of NEXGRAM and/or NBSB in respect of the venture into the distribution of PPE to MAPU. No capital or investment outlay is required by NBSB as the customer is required to pay the deposit of their order.
3. Clarification on whether the sale of PPE to MAPU requires any government approvals in Malaysia and/or Indonesia. If yes, please state the government approvals NBSB needs to obtain and the status of such approvals. PPE is not required approval from Medical Device Authority. However, MAPU will apply the special access approval from Kementerian Kesehatan Republik Indonesia upon each delivery.
4. The commencement and expiry dates of the sale of the Products to MAPU as stipulated in the Agreement. The first delivery of the order for AAMI Isolation Gown and K-Gloves Nitrile Examination Gloves-Powder Free will be on November 2020.
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....
dmksn
686 posts
Posted by dmksn > 2020-07-28 16:15 | Report Abuse
@Twahuat, long term 0.15 - 0.2 depends on next few earning result. I hope it will goes like hlt after hit 0.1. Hehehe