The company will generate cash from copper waste into copper wire into electrical socket. In other word, company enter consumer electrical should be a good news, with mostly stock acquisition and stock in escrow for guarantee profit.
issuing 80 million shares @ RM0.10 plus cash RM4 million+ to buy a downstream company. market price RM0.15. What do you think upon re-quotation tomorrow?
On behalf of the Board, Mercury Securities wishes to announce that on 9 July 2020, Ta Win has entered into the following agreements: (i) SSA with the Vendor, namely Lim Aik Gee, for the proposed acquisition of 1,747,581 ordinary shares in Sin Line Tek, representing approximately 30.0% of the enlarged issued share capital of Sin Line Tek after the completion of the Proposed Investment (approximately 38.0% of the existing issued share capital of Sin Line Tek) for a Purchase Consideration of approximately RM12.2 million, to be satisfied via a combination of new Ta Win Shares and cash; 。 。
The issue price for the Consideration Shares was fixed at RM0.10 per Consideration Shares,
To be satisfied via the issuance of 80,000,000 Consideration Shares at an issue price of RM0.10 per Consideration Share
For the FYE 31 December 2019, Sin Line Tek recorded a higher revenue of RM52.7 million, representing an increase of RM7.6 million or 16.9% from RM45.1 million achieved in the previous financial year. The higher revenue was mainly attributable to the 2 new projects secured from its new customers which involve in the manufacturing and assembling of electronic component for the automobile industry with a total contract value of RM4.7 million and additional orders from its existing customer to manufacture AC power cord for home appliances which amounting to approximately RM2.9 million. For the FYE 31 December 2019, Sin Line Tek recorded a higher PBT of RM0.9 million as compared to RM0.1 million in the previous financial year, representing an increase of RM0.8 million. The higher PBT was mainly attributable to the higher revenue as explained above which was partly offset by the increase in administrative expenses of RM4.2 million as a result of additional headcount for contract workers and management fees for the OEM business which is in line with the increase in revenue (FYE 31 December 2018: RM2.9)
people that says "insider news" are basically 2 types only; SKL type or really has connection from within. ASK YOURSELF do u can trust this type? esp someone with the nickname of KING. :))
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Posted by Arsenewenger8383 > 2020-07-09 18:20 | Report Abuse
Tmrw will play at 0.18.. get ready..