Posted by NotComingForYou > 2024-01-18 22:35 | Report Abuse

Reference is made to the announcements dated 24 January 2018, 27 February 2018, 25 May 2021, 24 March 2022 and 25 March 2022 in relation to Extension of Supply Agreement entered into between P.A. Extrusion (M) Sdn. Bhd., a wholly-owned subsidiary of PARB with First Solar, Inc., First Solar Malaysia Sdn. Bhd. and First Solar Vietnam Manufacturing Co. Ltd.



The Board of Directors (“Board”) of PARB wishes to announce that the Company has on 17 January 2024 received Fourth Renewal of the Master Supply Agreement (“Agreement”) which signed and accepted by all parties to the terms and conditions as stipulated in the Agreement.



The salient terms are as follows: -

1.This agreement superseded agreement signed on 10 March 2022 for contract period from 2 January 2024 to 1 July 2024;

2. This contract renewal is for period from 2 January 2024 to 1 July 2025 valued at up to USD231.9 million (equivalent up to RM1.076 billion); and

3. This contract may be renewed by First Solar for subsequent one (1) year period upon notice to P.A. Extrusion (M) Sdn. Bhd., not later than thirty (30) days prior to the expiration of the current term.



Duration and Value of this Agreement

The total contract value for this Agreement up to USD231.9 million (equivalent up to RM1.076 billion) approximately for contract period from 2 January 2024 to 1 July 2025. The exchange rate applied to this contract value is USD1.00 = RM4.64.



Financial effects

This Agreement will not have any impact on the existing share capital and shareholding structure of PARB.

This Agreement is expected to contribute positive to the earnings and net assets of the PARB Group.



Risks

The risk factors affecting this Agreement includes changes in economic, regulatory and operational environment such as completion and delivery risk, fluctuation of material prices and foreign currencies which the Group would take appropriate measures to mitigate the risks.



Directors’ and Major Shareholders’ Interest

None of the Directors and / or major shareholders and persons connected to the Directors and / or major shareholders of PARB have any interest, direct or indirect, in this Agreement.



Directors’ Statement

The Board, after considering all the relevant factors, is of the opinion that this Agreement is in the best interest of PARB Group.



This announcement is dated 18 January 2024.

Posted by pinetree88 > 2024-01-19 15:43 | Report Abuse

The 1st solar contract is over rm1b, is very major and significant over their past annual revenue of 400+m. Think price should trend higher when the penny shares sell off is over.

Posted by Popeye > 2024-01-22 18:43 | Report Abuse

Engine started or still not yet? Let's have a close look soon..

Posted by Income > 2 months ago | Report Abuse

Pa is 🐀 Mike stock. See see, look look 👀 only.

Posted by Jjtrader > 2 months ago | Report Abuse

Waiting for PA to show its true color

Posted by Popeye > 2 months ago | Report Abuse

Cool... new 52 week HIGH 👍

Posted by Popeye > 2 months ago | Report Abuse

On 19 February 2024 entered into two (2) Sale and Purchase Agreements on the acquisition of two (2) pieces of vacant leasehold industrial lands with Niken Steel (M) Sdn. Bhd. [Registration No.: 201501044560 (1169881-P)] of D-23-01, Level 23, Menara Mitraland, No. 13A Jalan PJU 5/1, Kota Damansara, PJU 5 Petaling Jaya, 47810 Selangor for a total consideration of Ringgit Malaysia Twenty-One Million (RM21,000,000.00) only as per terms and conditions stipulated in each Sale and Purchase Agreements.

Posted by Popeye > 2 months ago | Report Abuse

the Proposed Acquisition of Industrial Lands is expected to be completed within six (6) months

Posted by Bull13 > 1 month ago | Report Abuse

P.. recorded highest revenue ever. Pre tax profit increased 31% Declared 1s dividend. Sold past Q performance. Share price should be above 50s, I think.

Posted by Bull13 > 1 month ago | Report Abuse

Correction. Dividend only 0.05 s

Posted by Popeye > 1 month ago | Report Abuse

@Bull13
You may be rite if they later declare another half cents for financial year of 2024 😊

Posted by brayok > 1 month ago | Report Abuse

Buy call by Rakuten. TP of 41 cts @ PER 11.😎

Posted by MACD > 1 month ago | Report Abuse

Little dividend,,,, but still dividend…will grab some 😁

Posted by Income > 1 month ago | Report Abuse

What this means is that if you go back in time and kill your grandfather, you don't exist, which means that your grandfather cannot be killed. As you can see, there are two realities occurring in parallel here. The grandfather paradox is also a key plot element in the famous Hollywood movie Tenet (released in 2020), directed by Christopher Nolan.

Posted by Income > 3 weeks ago | Report Abuse

https://youtube.com/shorts/-yqSeHA3iDc?si=X4G0oqCEeIcYCCVX

Posted by pineapple > 2 weeks ago | Report Abuse

Get ready

Posted by Popeye > 6 days ago | Report Abuse

💢 LIVE: Israel launches missile attack on Isfahan in response to Iran assault 💢
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