LUSTER AGM at 22/6/2015, Location: Park Avenue Hotel, E-1, Jalan Indah Dua, Taman Sejati Indah, 08000Sungai Petani, Kedah Darul Aman.
Following questions we should ask management about the investment and capital expenditure in Year 2014:
1. PLSP New Shares amounting RM7,200,000(LPE RM5.16mil ; WINCO RM2.04mil) represent 60% of total issue paid up for PLSP. When the project "Project Perumahan Mampu Milik 1 Malaysia" in Daerah Baling and Daerah Sik awarded from KPHPB could start?
2. Acquisition remaining 40.87% equity interest in Exzone Plastic Manufacturers S/B for a total purchase cost RM3,000,000. Exzone Plastic PAT and NA under FYE 31 December 2013 was RM5.92mil and RM26.57 respectively. How is the performance revenue and PAT under FYE 2014 and prospect for FYE 2015 under it fully-owned subsidiary company Exzone Plastic Manufacturers S/B.
3. Lin Power Resources S/B and Venturian Minerals S/B establish a JVC in tin mining activity profit sharing 60% and 40% respectively. Lin Power Resources S/B a wholly-owned subsidiary by Luster Plastic S/B total invested RM5,500,000. Tin commodity price was slumped to USD 15,900/tonne compared to the group expectation USD22,000/tonne last year when ventured into mining business. Thus, the tin ore land lease period will be end on 6 May 2016, any action taken to extend the lease period and how is the prospect for this mining division and earning for the group.
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....
htc8899
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