Type Announcement Subject OTHERS Description LUSTER INDUSTRIES BHD ("LUSTER" OR THE "COMPANY") ACQUISITION OF 100,000,000 ORDINARY SHARES IN AIMFLEX BERHAD (AIMFLEX) (AIMFLEX SHARES) (ACQUISITION) The Board of Directors (“Board”) of Luster Industries Bhd (“Luster” or the “Company”) wishes to announce that Luster had on 24 January 2022 entered into a Form For Transfer of Securities with Dato’ (Dr.) Ts. Awang Daud Bin Awang Putera (The “Vendor”) for the acquisition of 100,000,000 Aimflex Shares (“Sale Shares”), representing approximately 8.169% equity interest in Aimflex, for a total consideration of RM22,000,000
Give it sometime. Daud is the past and during his reign, the Company performed below the baseline, with appointment of few directors that are inexperienced in this industry. Collectively, Ewe (former MD and major shareholder of Pentamaster) would make a difference in this Company. They are scrapping dividend policy to concentrate on growth. Just wait till the completion of proposed subscription of shares to Ewe, Luster, Chin Hin' heir to judge its performance
New Shareholder Ng Wymin - Lawyer firm Partner, SCP Parking Sdn Bhd director ,RM 2 M Chuah Chong Ewe - Ex Penta boss, now Luster boss, RM 10.3 M Dato Seri Chiau - Chin Hin Boss, RM2.5 M Teoh Tian Wen - Actuarial Science, Kedah Ply Wood Boss RM2M Ong Khye Siang - Engineering Manager Motorola, RM1.4 M Loo Jia Jia - Adnin officer ,GS Brick Sdn Bhd, RM1.5 M Datin Cheah Meow Choong - Director Sam Technology, RM 0.6M Luster - RM10.3 M
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....
snowy1
42 posts
Posted by snowy1 > 2022-02-01 21:48 | Report Abuse
Holding steady at resistance. Expecting a breakout soon!