Eduspec, Industronics ink MoA to set up SPV for supply of school hardware.
KUALA LUMPUR: Eduspec Holdings Bhd has entered into a memorandum of agreement with Industronics Bhd to set up a special purpose vehicle company to offer electronic hardware and school equipment to over 10,000 schools in Malaysia by way of instalments, leasing or rental.
In a bourse filing, Eduspec said it the core role of Industronics would be to supply electronic products for online education and secure funding for the joint venture while Eduspec will play a major role in operations, penetrating markets, sales and marketing.
It said the educational institutions and schools will be required to invest more on hardware and software to enable online or hybrid learning alternatives given how the pandemic has changed the delivery of teaching and learning.
"This MOA is expected to enable the JV to capture a big portion of this market as we will be able to assist educational institutions/schools that lack the immediate financial resources by allowing them easier payments or rental options," it added.
INDUSTRONICS BERHAD ("ITRONIC" OR "THE COMPANY") - MEMORANDUM OF AGREEMENT WITH EDUSPEC HOLDINGS BERHAD ("EDUSPEC")
The Board of Directors of ITRONIC wishes to announce that ITRONIC had on 21 January 2022 entered into a Memorandum of Agreement with Eduspec Holdings Berhad to discuss and negotiate in greater detail on entering into a joint venture agreement (“JVA”) for the purpose of setting up a Special Purpose Vehicle (“SPV”) company to offer electronic hardwares and school equipments to over 10,000 schools in Malaysia by way of instalments, leasing or rental.
I don't really hope much but it's going to be better since the border already opened and face-to-face school sessions started 2 weeks ago. With the education budget the highest in Malaysian history for this year, education companies sure will be benefited from this.
yes, yes, yes sure TTSS91, RUN for Share Consolidation Entitlement description Consolidation of every 2 existing ordinary shares in Eduspec Holdings Berhad ("Eduspec" or the "Company") ("Eduspec Shares") into 1 Eduspec Share ("Consolidated Share") ("Share Consolidation")
NEW YORK (11th Reuters) - Investors will have a painful 2022 as an inflation-fueled recession will trigger another correction in the stock market, Bank of America said in its latest report.
“Inflation leads to recessions,” Bank of America put it bluntly, “and now, inflation is out of control Dudley said in a Bloomberg op-ed earlier last week that the Fed needs to inflict pain on the stock market to help curb inflation.
"One thing is for sure, in order to be effective, the Fed will have to inflict more losses on stock and bond investors than it currently does," he said.
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....