no hope, no future, no vision, no mission, no good, no strong, no resistant, no power, no solid, no reliable, no momentum, no fundamental, no attractive, no nice, no image and etc... the only have is ANZO Brand underwear
What do you guys think on the latest announcement ? They mentioned that they have received enquiries from local n oversea customers. And they estimate to produce 100m pcs per month
My reading is bursa wants to catch them lying, so they have to try their best to do the deal. I think maybe rebound tomorrow, hope go above 20 sen Mgt cannot play the cheat game & try to get away again This time bursa already gave warning not to bluff announcements on deals
Apple to apple,Careplus has been in this line for quite sometimes and how many millions pieces can they produce per month/years?
Glove buisness required latex and chemicals to produce Gloves ,need technologies , good new machineries,constructions and manpower. If it is true,then it takes more times to establish all these.
1) It was disclosed that your Company has yet to conduct a market valuation on the Assets and is in the midst of examining the production capacity of the Assets. Given the above, please provide the basis and justification on how you can derive at the purchase consideration of RM55 million with certainty.
2) As your Company is still in the midst of studying the cost required to reinstate the production line, please clarify whether there will be any adjustment to be made to the purchase consideration of RM55 million based on the outcome of relevant due diligence and assessment by consultants to be completed within the 14 business days.
3) Given that the Vendor is the beneficial owner of the Assets, please confirm whether the ownership of the Assets have been registered under the name of the Vendor and the date of completion of such registration.
4) It was represented that the business to be carried out on the Assets is subject to the approvals from Department of Environment, Majlis Tempatan Manjung, Department of Occupational Safety & Health, Bomba licence and Department of Health and Human Services. In this regard, please incorporate the following:-
(a) date of the respective approvals, permits and/or licences obtained and their period of validity;
(b) whether the abovementioned approvals, permits and/or licences are still valid following the transfer of Assets from the Vendor to your Company. If no, please state the expected date for the submission to the respective regulatory authorities.
5) Please clarify whether the production capacity of 100 million pieces of medical gloves per month is reasonable and achievable given that only 4 out of 9 production lines are readily mobilised.
6) The assumption on the number of medical gloves contained in one carton in arriving at the average selling price of USD 70 per carton.
7) Given that it is the intention of your Company to export the Products to overseas, please clarify whether the Company has identified or secured any order of medical and/or nitrile gloves from any customers from Europe and United States or any other country.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
If the glove deal is true, mgt may have got things moving some time ago, now in final stage. Once secure the glove deal then its all systems go. If it's true ...........
i got feeling this time all bod will get into big trouble !! They wont be like Harvest before, money settle everything. I give a BIG thumb up to bursa, their query is no more like before on unusual market bla bla bla..... Now the query is strictly to protect retailers. Its shocking that the asset interest is not under the vendor ! More shocking is this gloves factory license is NON transferable !! Very likely commercial crime dept will take action soon ......i think AT bod all cant sleep also, ..........
Thinking of it, who will want to order from you something that you don't even have. Everythings from A to Z need to process and it need lots times and approval.
Wah!! luckily i cabut lo, otherwise, my magician show won't be so excited. The next round I will make ANZO to disappear & get loss in BURSA if the price still getting down hahaha
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Superb99
6,604 posts
Posted by Superb99 > 2020-07-13 17:16 | Report Abuse
0.155, apparently there is no more support