VIP Gloves Limited announced that the Company has entered into a Heads of Agreement ("HOA") with Julian Foo Kuan Lin, major shareholder of Ammorium Resources Sdn Bhd ("Ammorium") to acquire 100% equity interest in Ammorium. The proposed acquisition of Ammorium, which is subject to due diligence, will allow VIP to oversee the construction of the 60-lines double-former medical examination glove integrated facility on 53 acres of land in Tronoh, Perak, Malaysia. Each line is expected to have a capacity of 15 million pieces of gloves per month or a total of 900 million pieces per month and an annual production of over 10.8 billion gloves.
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
0.003 AUD | -.--% | -.--% | -.--% |
May. 06 | VIP Gloves' Malaysian Subsidiary to Sell Vacant Lot for AU$2.6 Million | MT |
Feb. 28 | VIP Gloves Limited Announces Appointment of Mark Maine as Company Secretary | CI |
1st Jan change | Capi. | |
---|---|---|
-.--% | 1.56M | |
+9.48% | 27.45B | |
-28.65% | 3.11B | |
-15.44% | 2.55B | |
+18.49% | 2.48B | |
+7.04% | 2.08B | |
-4.11% | 2.03B | |
+1.67% | 1.55B | |
+1.10% | 1.29B | |
+23.78% | 1.23B |
- Stock Market
- Equities
- VIP Stock
- News VIP Gloves Limited
- VIP Gloves Limited Seeks to Expand Production Through Proposed Acquisition