he Board of Khee San Berhad is pleased to announce that on 21 November 2021, Khee San Marketing Sdn Bhd, a wholly owned subsidiary company had entered into a Memorandum of Understanding ("MOU") with Jannafarm Sdn Bhd (Company No. 1391006-K) with a registered office located at 201, Blok 1, Laman Seri Business Park, Persiaran Sukan Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan on a joint venture basis for the research & development, manufacture, market and sell the Black Ginger based candy.
The MOU also provides the foundation and structure for the proposed binding agreement which will be accomplished by an execution of joint venture agreement to be undertaken by both Parties. The duration of the MOU is six (6) months effective from the date of signing and may be modified and extended for a further period as may be agreed in writing by the Parties.
Ta Win Holdings Bhd’s managing director Datuk Seri Ngu Tieng Ung has emerged as Khee San Bhd’s largest substantial shareholder. This came after Khee San director Datuk Mohamad Razali Mohamad Rahim ceased to be the candy maker’s major shareholder on Thursday, having offloaded all 22.8 million shares, or a 16.667% stake, by way of a direct business transaction at 13 sen apiece, or RM2.97 million in total. Ngu bought that block of shares through Timur Enterprise Sdn Bhd, raising his stake in Khee San to 16.754%. This makes Ngu the single largest shareholder of Khee San, while founder of security seal manufacturer Mega Fortris Malaysia Sdn Bhd, Datuk Dr Ng Meng Kee, holds a 12.42% stake.
=============== Will KheeSan become another high NOSH penny stock like TA WIN via share issuance to RI, PP, ESOS and asset acquisition from friendly parties?
hmm, datuk ng meng kee is out. i guess he needs to focus on his own company ipo. balik balik, still say the regularisation plan is pending bursa approval.... when will bursa approve it?
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....
imvu
7,888 posts
Posted by imvu > 2021-09-14 17:37 | Report Abuse
0.150 bottom , sudah boleh accumulate .