@Peace99. Thanks for the compliments. Those are facts i extracted from the company annouced informations only. I was wrong on the optimistic of the markets yesterday. The share price movement yesterday was really disappointing. I though they have also signed a MOU or something approval on the Vaccine import. but it wasn't. Anyway keep a close eye again.
@Combilia Reposting relevant bursa announcements is surely helpful as some ppl, like me, sometimes overlook the announcements. First bought Tawin in July, basically cos of its ECOcycle park joint venture. Seen its rise and fall, and did buy and sell. As eco and health sector are much related, i think Tawin made the right move and so top up more yesterday and plan to hold so as to participate in the right issue!
Instead of posting the annoucement here again, i think i try to highlight some silent points/ interpretations in the proposed investment may be of intetest to some of us. 1. Royce join Tawin group as an associate company whereby it shall remain and maintance as a Bumiputra status company. 2. Tawin shall has two direstors in Royce board which comprises of another three from Jelita(holder of balance 67.5%) 3. Tawin has retained 5 millions of the investment cost as a security of the two years profit guarantee. 4. Government has allocated 31.9 billions for the Ministry of Health next year 5. Royce may explore the "Halal" sector of pharmaceutical business, even possibly to the Arab countries. Investors seeking a niche in the pharmaceutical industry with significant growth potential should consider the halal sector. 6. On Vaccine topic, Royce has pontential to become a distribution arm for the government or Royce may import other vaccine from China or Russia. 7. On copper issues. With Royce collaborations, the potential of developing the downstream usage of copper in the bio chemistry areas cannot be under estimated. 8. Royce is registered with the National Pharmaceutical Regulatory Agency (“NPRA”) and non pharmaceutical products under the Approved Product Purchase List (“APPL”) which was approved by the Government of Malaysia to the hospitals, health office, health clinic, dental clinic, health institutions. 9. This proposal of investment is NOT requiring Tawin shareholders approval. Expected completion by end of 4th Quarter of 2020.
The above are not an exhautive list of the points, and is not a statement to solicit, promote, encourage or recommendation to buy any shares, non it is a representation from any company. I disclaim any liabilities whatsoever.
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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....
Jjkcl
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Posted by Jjkcl > 2020-12-15 17:41 | Report Abuse
Kena trapped