The LOI is a result of a successful bid tendered by Reneuco in May 2022 to MRL. Following the successful bid, Reneuco has agreed to collaborate with Citaglobal to enter into an exclusive partnership to form a 50:50 Consortium to collaborate on the proposal.
This one is a slow burner turnaround for last 2 years. First they sell of loss making subsidiary, come with guaranteed profit from injected, new qualified people with expertise in telcom tower, then bring in genetec boss. 1st target 40c
At the same time, the MoU between Citaglobal Bhd and Indonesia Battery Corporation will assess the potential for cooperation in the development of battery manufacturing plants and battery energy storage systems (BESS), including but not limited to:
- developing, designing, and building integrated turnkey manufacturing facilities for battery cells, modules, and packs; - developing BESS integrated solutions; and - transferring related technologies and know-how for the development of battery plants and BESS.
After Indonesia, CITAGLOBAL may branch out to other countries in ASEAN, thereafter to ASIA such as CHINA and beyond to USA and EUROPEAN countries as the word " GLOBAL" implies.
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....
wallstreetrookieNEW
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Posted by wallstreetrookieNEW > 2022-12-21 09:29 | Report Abuse
lol