I do buy some Inix since they are having new business besides IT, just try my luck only. But have to monitor closely as they are having some corporate proposal.
On behalf of the Board of Directors of Trive (“Board”), Mercury Securities Sdn Bhd (“Mercury Securities” or the “Principal Adviser”) wishes to announce that the Company had on 6 September 2016 entered into a conditional share sale agreement (“SSA”) with Hussin bin Omar and Hapipah binti Abd Manaf (collectively referred to as the “Vendors”) for the proposed acquisition of the entire equity interest in Pakadiri for a cash consideration of RM19,565,046.00 (“Proposed Acquisition”).
Trive Property: To buy 20.9ha land in Kertih for RM19.6m. Trive Property Group, formerly known as Eti Tech Corp, has proposed to buy out homebuilder Pakadiri SB, which owns a 20.9ha land in Kemaman, Terengganu, for RM19.6m cash. The company plans to co-develop the land with state government's Lembaga Tabung Amanah Warisan Negeri Terengganu. (Financial Daily)
地段 Trive产业(Trive Property Group)建议以1,960万令吉现金向房屋发展商Pakadiri公司的两名股东全面收购Pakadiri公司。后者在登嘉楼干马挽(Kemaman)吉利地(Kertih)拥有一幅占地20.9公顷的土地,并已取得与登州遗产信托基金局(Lembaga Tabung Amanah Warisan Negeri Terengganu)联合发展这块土地的合资项目。
该合资项目是Bandar Baru Kertih Jaya新镇项目(BBKJ)(67公顷面积)的一部份。Trive产业表示,它于2015年获Pakadiri公司委聘为BBKJ第一期工程的承包商。不过,建筑工程暂时搁置,由于Trive产业为这项工程融资的私下配股活动只筹得700万令吉目标的少过三分之一的资金。
Trive Property taps solar power business Posted on 9 June 2016 - 05:37am PETALING JAYA: Trive Property Group Bhd has entered into a memorandum of understanding to establish a joint venture company with Fortunate Solar Technology Ltd, a company established and registered in China well-known for its expertise in solar and silicon products/services.
A total investment of RM60 million will be raised between the parties for the establishment of a JV company in Malaysia, which will be equally owned by Fortunate Solar and Trive. Funds raised will be used to set up a production line in the new factory, which will provide full range of products or one stop solution in the solar business.
The joint venture company will also collaborate in the area of research and development, production, assembly, distribution and marketing of the solar energy systems.
Trive executive director Kua Khai Shyuan said the final solar products will be sold to their local market and the balance will be exported to the US, Europe and the rest of the world.
“Many international solar players are setting up factories in countries nearer to the equator such as Malaysia. In fact, First Solar Inc, an international solar player is our next door neighbor in Kulim Hi-Tech Park,” Kua said in a statement.
With this JV, Trive is able to mark a footprint in the China market with huge potential revenue generated. It is noted that China itself accounted for 23% of the cumulative global photovoltaic system installations in 2016.
Trive is streamlining its business portfolios to focus on its core business in design, development and marketing of green and renewable energy products, such as medium and high powered battery products and solutions, particularly, the solar related products so as to remain competitive in the business environment.
Trive has taken a series of action to restate its financial position including completing the debts restructuring programme and increase of its share capital dated Jan 9, 2015, private placements dated Sept 15, 2015, capital reduction on Jan 14, 2016 and proposed employee share option scheme on March 17, 2016.
In a filing with the stock exchange, Trive said its wholly-owned subsidiary ETI Tech (M) Sdn Bhd has fully settled and restructured the sum owing to the scheme creditors, and the default in payment status is now regularised and uplifted.
“Trive works relentlessly to return its earning to the black and would implement every possible steps to strengthen its financial position. Leveraging on Trive strength in solar industry, Trive is optimistic about the future growth of solar industry over the world.”
Company now is different already and with buying pakadiri company and JV with the China Solar company. Then Trive will become profitable coming in coming time.
I thought I saw someone posted a comment here about trive but it seems being deleted? What he said is quite true. The people who bought at 0.04 is cash rich now by letting go at 0.10 - 0.105, while for people who bought at 0.07-0.105 will get stuck here. If you really understand and review the past performance of this company. You might not want to invest in this co. It is very high risk and volatile. HYG, you better mark your words and don't hurt any retail investors by investing this company blindly, please. Some of them are using their hard earned money.
I totally agreed and before do any investment then please study the company background. As I say Trive aim to become profitable company soon due to got property and solar business.
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....
HYG
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Posted by HYG > 2016-07-27 07:48 | Report Abuse
Any news about Inix!