The Board of Directors of Muda Holdings Berhad (“Muda” or “the Company”) wishes to announce that Muda has through its wholly-owned subsidiary, Federal Packages Sdn Bhd (Company No. 197301000491/14025-A) had on 12th August 2020 entered into a Share Sale and Purchase Agreement to acquire 60% equity interest in Quantum Total Packages Sdn Bhd (Company No. 199701033848/449347-U) comprising 900,000 ordinary shares from Mr Lee Joo Keat (NRIC No. 690423-07-5161) and Madam Yu Shan Nee (NRIC No. 760929-07-5194) (“the Vendors”) for a cash consideration of RM15,000,000.00.
unlisted carton company sold to muda for 1.2X bookvalue.
The purchase consideration of RM15,000,000.00 for the Acquisition was arrived at on a willing-buyer willing-seller basis and based on the audited net asset of QT of RM12.6 million as at 31st December 2019 and projected five years profit of QT of RM15,000.00.00.
Fantastic, fantastic show by Orna during these challenging times. Congratulations to the management and staff who managed to work on a sizeable profit, overwhelming predictions! NTA increase to 2.4 from 2.36, EPS of 1.86. Not bad at all!!
Superb quarterly result with higher revenue and profit margin. Previous quarterly profit was 1.86cent and current one is 6.63cent, profit increases 257%. Due to mco/emco/rmco and unstoppable increasing in online business, more and more carton boxes are needed.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3089 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
HT8HUAT
50 posts
Posted by HT8HUAT > 2020-08-10 11:58 | Report Abuse
Finally you're alive