TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CAREPLUS GROUP BERHAD ("CAREPLUS" OR "THE COMPANY") - ACQUISITION BY CAREPLUS OF THE ENTIRE ISSUED SHARE CAPITAL OF TIME AIRCRAFT MANUFACTURING SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM23.002 MILLION CAREPLUS GROUP BERHAD Type Announcement Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS Description CAREPLUS GROUP BERHAD ("CAREPLUS" OR "THE COMPANY") - ACQUISITION BY CAREPLUS OF THE ENTIRE ISSUED SHARE CAPITAL OF TIME AIRCRAFT MANUFACTURING SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM23.002 MILLION We refer to the announcement dated 21 August 2020 in relation to the Acquisition. The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the Announcement, where applicable. The Board of Directors of Careplus wishes to announce that all the conditions precedent stipulated in the SAA have been fully satisfied and the Acquisition has become unconditional and has been completed on 7 October 2020. This announcement is dated 7 October 2020. Announcement Info Company Name CAREPLUS GROUP BERHAD Stock Name CAREPLS Date Announced 07 Oct 2020 Category General Announcement for PLC Reference Number GA1-06102020-00107
Covid-19 cases recorded increase in US 39,706 Brazil 29,741 Argentina 16,447 France 18,746 UK 14,162 Spain 6,645 Holland 4,989 Germany 3,994 Italy 3,678. Germany is the heart of Europe and they recorded 3,994 cases, Germany is the best discipline nation and if Germany fail the whole Europe fail. With or without vaccine glove demand will keep increasing and result in higher ASP price expecting an explosive profit gain of glove company.
Buying aircraft manufacturing company is the wrong way diversifying into an area the company has no experience. worse still the aviation industry has already collapsed. Airlines would not be buying new planes at least for the next decade. So it is a wrong and disastrous decision. why Careplus should spend so much money going into a dying industry that has no future.
woo16899, Careplus bought the assets of the Aircraft manufacturing company. This includes a very large warehouse to be converted into Glove factory, effectively 4 times the size of Careplus' existing factories.
Morpheus61, Thank you for the valuable info. If the price paid for the purchase of the warehouse is reasonable based on the current market for real property then it is a great deal.
Looks like the glove theme play is over for the time being as shown by the lack of buying but long list of sellers waiting to get out. Trend reversal may start in the afternoon when T2 and contra players may unload. Hope no panic selling follow due to those who bought heavily (pump and dump) during the recent upward push.
luckily i have exited glove industry. i personally think we should not play with glove and vaccine stocks. go invest in some blue chip or tech companies
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....
GoldenHarvest1
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Posted by GoldenHarvest1 > 2020-10-07 15:46 | Report Abuse
omg