This KtG is so dissapointing... Index 1480 ktg 28.5 Index 1640 ktg 28.5.. Apalah...just refuses to break 34.5... Recently pushed up to 34.5...then back to 28.5.... Useless operator...Best advice dont touch....
Types of Corporate Proposal: Conversion of Preference Shares Details of corporate proposal:Conversion of Irredeemable Convertible Preference Shares No.of shares issued under this corporate proposal: 51,563,800
A total of 51,563,800 ordinary shares in the capital of the Company was issued pursuant to the conversion of 51,563,800 ICPS to 51,563,800 ordinary shares by way of conversion of one (1) ICPS together with cash payment of RM0.54 in exchange of one(1) new ordinary share
Particulars of Substantial Securities Holder Name: GREENFIELD HILLS SDN BHD Descriptions:(Class): Ordinary Shares Date interest acquired and number of securities acquired Date interest acquired: 05 Jan 2021 Number of Securities: 29,629,000 Circumstances by reason of which Securities Holder has interest: Conversion of Irredeemable Convertible Preference Shares
Nature of interest: Direct interest Total number of securities after change: Direct(units): 29,629,000 Direct(%): 10.352,%
KUALA LUMPUR (Dec 24): Ceramics and pottery products manufacturer KTG Bhd, formerly known as DWL Resources Bhd, is planning to venture into the glove manufacturing business.
“This new business segment will enhance KTG Group’s prospects and reduce its dependency on its existing businesses,” the group said in a filing with Bursa Malaysia.
KTG said its wholly-owned unit APPI Sdn Bhd today entered into a memorandum of understanding (MoU) with Howellcare Industries Sdn Bhd, a company which is involved in latex and nitrile examination gloves manufacturing.
Under the deal, Howellcare will serve as a turnkey contractor to install four units of nitrile butadiene rubber (NBR) double former glove dipping production line with four lines utilities support system for a new glove factory.
KTG said the contract price is RM54.8 million, and it will be satisfied in cash.
The new glove factory will be set up at the group’s existing factory in Kamunting, Perak
KTG said the expected production capacity and output for each of the planned NBR double former glove dipping production line is 241.92 million pieces per annum, which means a total production capacity of 967.68 million pieces per annum.
“As the demand for examination gloves has been overwhelming with order waiting list of more than a year for major glove players since [the] Covid-19 outbreak earlier this year, KTG Group believes the MoU will enable us to tap on the shortage of the gloves supplies and capture the excess orders in the market,” the group said.
The disposable gloves market size is expected to grow at a compound annual growth rate of over 14% during the 2019-2025 period, it added, citing a report by ResearchandMarkets.com.
KTG’s shares closed one sen or 3.45% at 30 sen today, valuing the company at RM69.85 million. Some 5.97 million shares were traded.
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....
DreamMarauder
1,094 posts
Posted by DreamMarauder > 2020-12-13 02:03 | Report Abuse
No clue at all