PETALING JAYA: JOE Holding Bhd’s (JHB) wholly-owned subsidiary, JOE Glove Sdn Bhd, has entered into a sale and purchase agreement (SPA) with Fintec Glove Sdn Bhd for the proposed purchase of two nitrile rubber/natural rubber powder free double former dipping lines (machineries) from Fintec for RM14.5mil.
Here is a brief look at some corporate announcements and news flow on Wednesday (Aug 3), which include ILB Group Bhd, Fraser & Neave Holdings Bhd, Green Packet Bhd, Privasia Technology Bhd, Sarawak Consolidated Industries Bhd, IJM Corp Bhd, Caely Holdings Bhd, Malaysian Genomics Resource Centre Bhd, TDM Bhd, Globaltec Formation Bhd, Joe Holding Bhd and Fintec Global Bhd.
KUALA LUMPUR (Jan 27): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 29) include: Fraser & Neave Holdings Bhd, Fintec Global Bhd, Pasukhas Group Bhd, Power Root Bhd, Tasco Bhd, See Hup Consolidated Bhd, Pavilion REIT, Chin Hin Group Property, Lotte Chemical Titan Holdings Bhd, KLCC Stapled Group Bhd, Digi.Com Bhd, Pimpinan Ehsan Bhd, Guocoland (Malaysia) Bhd, KPower Bhd and TA Enterprise Bhd,
Fraser & Neave Holdings Bhd s (F&N) revenue continued to recover in the first financial quarter ended Dec 31, 2020. It grew 13.6% quarter-on-quarter to RM1.08 billion from RM953.7 million, amidst a gradual recovery in local and export markets. The higher revenue lifted F&N s quarterly net profit, which doubled to RM136.8 million from the RM68.03 million achieved in the preceding quarter.
KUALA LUMPUR (Jan 13): AE Multi Holdings Bhd has bagged another project to set up the production facility for PNE PCB Bhd, a new entrant to the rubber glove industry.
The company filed its press statement to Bursa Malaysia announcing that its unit AE Multi Industries Sdn Bhd has received a letter of award from PNE Glove Sdn Bhd a unit of PNE PCB Bhd to design, build and deliver on a turnkey basis a glove-manufacturing factory of up to 59,000 square feet within eight months.
The factory will have the capacity to house up to 10 glove-dipping lines for the sole-purpose of manufacturing medical grade nitrile gloves, said AE Multi.