Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS Description DIVERSIFIED GATEWAY SOLUTIONS BERHAD ("DGSB" OR "COMPANY")
PROPOSED INVESTMENT; AND PROPOSED DIVERSIFICATION
(COLLECTIVELY, THE "PROPOSALS") Unless otherwise defined, the abbreviated terms used herein shall be the same as those used in the earlier announcements in relation to the Proposals.
On behalf of the Board, M&A wishes to announce that the Vendors and PSSB have mutually agreed to terminate the SSSA dated 29 October 2020, by way of a termination agreement dated 30 July 2021.
The Board (save for the interested Directors), after having considered all aspects of the continuing Covid-19 uncertainties and the changing business conditions in the glove manufacturing industry, is of the opinion that proceeding with the Proposals may not meet the rationale for the Proposals as set out in our EGM Circular dated 5 April 2021, which is an interim proposal towards regularising DGSB’s condition as an affected listed corporation (“ALC”) pursuant to Rule 8.03A (3)b of the Listing Requirements.
Nonetheless, the Board will continue to evaluate other avenues to formulate a regularisation plan for DGSB in relation to being classified as an ALC pursuant to Rule 8.03A of the Listing Requirements.
Maybe they got deal to sapu recon, unwanted vending machine from Japan lot.....pending. hve you seen any vending machine well kept and making money in msia? Pun Dek betol
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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....
cps678
78 posts
Posted by cps678 > 2021-04-23 08:28 | Report Abuse
ya why no news on this ..500mil pieces assuming net margin is 0.10 for each pair is already 50 mil profit