Property and construction firm Jiankun International Bhd, which announced a series of boardroom changes today, has appointed former attorney-general Tan Sri Mohamed Apandi Ali as its independent and non-executive chairman with immediate effect. Apandi is replacing Datuk Donald Lim Siang Chai, 65, who has been redesignated as the executive deputy chairman. Lim was formerly the deputy finance minister.
Separately, Jiankun said it has inked a memorandum of understanding (MoU) with Chuanplus Industries Sdn Bhd to invest RM50 million to produce nitrile rubber. Chuanplus is a nitrile rubber producer based in Nilai, Negeri Sembilan.
The two companies have agreed to form a special purpose vehicle to build a new nitrile rubber production plant and enter the lucrative upstream production of nitrile gloves, said Jiankun, adding that it will own 80% of the SPV and Chuanplus 20%.
Ikan bilis never learn. All buying on HOPE. I guess venturing into gloves production is a trend now for loss making companies to make a turn over. Isn’t this a sign of FOMO...
simply appoint for non exec director, shout loud on some random number of glove expansion, volume buy to push up the price.. and wait to trap retailer...
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DreamCapturer
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Posted by DreamCapturer > 2020-12-22 21:42 | Report Abuse
Fabulous