Ya the operator setting trap for us by simply creating high buy rate but if you see volume is not enough to push the price up further. Better cut loss and move on
i. PHB will hold 49% in the share capital in JVCo; and ii. WRP will hold 51% in the share capital in JVCo.
Contribution to the JVCo:
i. PHB shall provide a cash contribution of up to RM100,000,000.00, subject to the approval of the shareholders of PHB; and ii. WRP shall provide assets contribution worth up to RM105,000,000.00, subject to the approval of the Board of WRP.
As mentioned in Section 3 of this announcement, WRP is principally involved in manufacturing and marketing of disposable medical, industrial and other specialty gloves, urological catheters and other related products and services. WRP has a worldwide coverage in every key market sector through their regional offices in Europe, United States of America and South America.
Barring any unforeseen circumstances, pursuant to the Proposed Joint Venture, PHB's new business activities in the Gloves Business may contribute 25% or more of the net profits of PHB Group and/ or result in a diversion of more than 25% of the NA of PHB Group moving forward. As such, PHB is required to seek the approval from its shareholders for the proposed diversification of the existing principal activities of PHB Group to include the Gloves Business pursuant to Paragraph 10.13(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements") ("Proposed Diversification"). Further details on the Proposed Diversification will be announced concurrently with the Proposed Joint Venture, upon the signing of the Definitive Agreement in relation to the Proposed Joint Venture.
PHB's new business activities in the Gloves Business may contribute 25% or more of the net profits of PHB Group and/ or result in a diversion of more than 25% of the NA of PHB Group moving forward.
exploring... lol funny. everyone abandon glove they enter glove market which dunno when will produce glove. wtf someone with 10,500m shares. can't even move half cents yet u all shouting 50 cents
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Posted by gghaha > 2021-03-03 11:45 | Report Abuse
in dream then will come true....the fact still losing money every qtr....:)