New Investors For Anzo After It Ventures Into Glove Manufacturing


I like it when we hear things in the market and it turns out to be true.Anzo Holdings Bhd, which has been seeking to diversify its business has bought a factory producing medical and/or nitrile gloves in Manjung Perak for RM55 million.

It told Bursa Malaysia that it had entered into a term sheet with Wintrade World Sdn Bhd this morning to acquire the company's assets, including land, building, machineries and equipment in Manjung.
Anzo said the assets are ready to be mobilised and commissioned to produce 1.2 billion pieces of medical and/or nitrile gloves a year.
Let's talk about the share price first before we go on as we also understand that foreign investors have been actively buying into the company. If you look at announcements made to the local stock exchange, there have been active buying in the last few months.
In fact a newspaper reported that something is brewing in Anzo and we believe there could be some truth in this.
On June 23, Anzo was asked to clarify by Bursa on the news report mentioning that "a foreign investor was eyeing a stake in Anzo and it may also come in to inject a new business, to which Anzo responded saying that "The Board noted that there are some foreign investors acquired shares in the company."
While we try to find out more on this, fund managers in the market are speculating that Chinese and Hong Kong cash-rich investors have been buying into Anzo.
I wonder who they could be but the word will go around soon as we will "catch" it in no time. Anzo, which recently won a RM1.3 billion job to supply copper scrap over the next 2-3 years to a large steel-maker in South Korea may turnaround in the current financial year ending 31 July 2020.
Don't ask about next year's earnings as we believe Anzo will be raking in more than RM150 million in net profit from this glove business.
Anzo only told Bursa that the assets and its capacity is expected to generate substantial profits for the group.The current market price for medical gloves or nitrile gloves is in the range of USD70 per box of 1,000 pieces. If Anzo sells the gloves at that price, and we are talking about 1.2 billion pieces of gloves, you can do the math. For us, our calculation is about RM200 million (net profit).
Anzo has paid two per cent of the purchase price to Wintrade's solicitors to hold as stakeholder, as part payment of the purchase consideration. It will pay the balance of eight per cent (RM4.4 million) deposit upon signing of the definitive assets sale agreement. 
The rest of the amount, which is RM49.5 million shall be paid by Anzo within three months from the date of the executed definitive assets sale agreement, with the extension of one month subject to payment of interest rate at eight per annum.
Thank you Anzo! Malaysia needs more companies like you to generate income for the country and create employment.

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

https://www.qasehdalia.com/2020/07/new-investors-for-anzo-after-it-ventures-into-glove-manufacturing.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Rm200 Million Net Profit For Anzo And New Foreign Shareholder

Rm200 Million Net Profit For Anzo And New Foreign Shareholder

papar berkaitan - pada 3/7/2020 - jumlah : 106 hits
Assalamualaikum dan salam sejahteraRM200 Million Net Profit for Anzo and New Foreign ShareholderA new substantial shareholder who we think is from China may emerge in Anzo Holdings Bhd soon following the group s two recent deals the first w...
Anzo To Make Over Rm200 Million Profit In New Glove Business

Anzo To Make Over Rm200 Million Profit In New Glove Business

papar berkaitan - pada 2/7/2020 - jumlah : 86 hits
Recently Anzo Holdings Bhd is believed to be in the process of buying a glove manufacturing company in Selangor
Rm500 Million New Copper Deal For Anzo

Rm500 Million New Copper Deal For Anzo

papar berkaitan - pada 7/7/2020 - jumlah : 86 hits
RM500 Million New Copper Deal For Anzo Anzo Holdings Bhd has attracted an Indian based steel maker who is understood to have placed and order to buy copper scrap from the timber turned copper supplier worth in the region of RM500 million It...
Anzo Set To Be A Large Glove Maker Attracting Foreign Investors

Anzo Set To Be A Large Glove Maker Attracting Foreign Investors

papar berkaitan - pada 3/7/2020 - jumlah : 180 hits
Anzo Set to Be a Large Glove Maker Attracting Foreign InvestorsAnzo Set to Be a Large Glove Maker Attracting Foreign Investors Hey guys Anzo Holdings Bhd should announce soon that a new substantial shareholder has emerged in the group after...
Anzo Buys Glove Manufacturer New Shareholders Coming In Soon

Anzo Buys Glove Manufacturer New Shareholders Coming In Soon

papar berkaitan - pada 4/7/2020 - jumlah : 92 hits
Anzo buys glove manufacturer new shareholders coming in soon Yes Anzo is certainly marking its mark in the stock trading of late Bursa s most active stock Anzo has acquired a manufacturing plant producing medical and or nitrile gloves in Pe...
Pkr To Unveil New Women S Wing Heads After Chief Sacked Deputy Defected

Pkr To Unveil New Women S Wing Heads After Chief Sacked Deputy Defected

papar berkaitan - pada 5/7/2020 - jumlah : 67 hits
PKR is to set to fill the posts of its women s wing chief and deputy chief after the recent sacking of Lembah Jaya assemblyperson Haniza Talha and defection of Sementa assemblyperson Dr Daroyah Alwi Batu Tiga assemblyperson Rodziah Ismail w...
Singapore S Pm Calls For Election For New Mandate To Fight Pandemic

Singapore S Pm Calls For Election For New Mandate To Fight Pandemic

papar berkaitan - pada 24/6/2020 - jumlah : 106 hits
Singapore will hold an election on July 10 as Prime Minister Lee Hsien Loong seeks a renewed mandate to govern amid the coronavirus pandemic that has pummelled the country s economy Lee said Tuesday that he advised President Halimah Yacob t...
The New Google Pixel Buds Are Available Today For Your Listening Pleasure

The New Google Pixel Buds Are Available Today For Your Listening Pleasure

papar berkaitan - pada 26/6/2020 - jumlah : 107 hits
In October we the all new Google Pixel Buds with high quality sound an unobtrusive design that fits securely and comfortably in your ear and helpful AI features We wanted to make sure whether you re streaming content while working out or si...
Google Tightens Privacy Settings For New Users

Google Tightens Privacy Settings For New Users

papar berkaitan - pada 26/6/2020 - jumlah : 116 hits
The tweak is the latest attempt to boost public trust after high profile privacy violations by big online firms AFP Photo Google has begun auto deleting new users 8217 search data and location history on a rolling 18 month basis CEO Sundar ...
Syed Sadick Tersingkir

Niat Hendak Mengadu Dan Memalukan Pelayan Melayu Yang Tidak Fasih Berbahasa English Akhirnya Memakan Diri

Santa Cruz Colorful Spaces Designed For Students In Braga

Pengkritik Jejaskan Kutipan Filem Tempatan Ellie Harus Tengok Dua Pekara Ini Terlebih Dahulu

Parti Baru Mahathir Takkan Ke Mana

Arguments For Getting Rid Of Play Aussie Casino Online

Jom Ketahui Kandungan Lemak Dalam Makanan Harian Ini Punca Utama Kegemukan Rupanya

Cara Terbaik Untuk Basuh Bekas Plastik Berminyak Dengan Berkesan Mudah Dan Pantas



The Mighty Five Negara Kilang Dunia Baru Yang Bakal Menggantikan China

Bagaimana Seorang Lelaki Model Etnik Uighur Hilang Tanpa Jejak di China

5 Idea Konten Paling Senang Sebagai Youtuber Berjaya

Maskne Masalah Jerawat Disebabkan Pemakaian Topeng Muka

Biodata Penyanyi Hanie Soraya Peserta Big Stage 2020


Pemimpin Umno Sifatkan Mahathir Pecah Belah Melayu

Spacious Very Versatile Bathroom With A Dressing Room

Megawati Semoga Gerindra Semakin Menguatkan Kepakan Sayap Garuda

Dki Jakarta Cetak Rekor Lagi Penambahan Kasus Covid 19

Bertambah 721 Total Positif Covid 19 Di Jakarta 25 242 Kasus

Kempen Ayambersamamu Menyokong Orang Asli Dengan Makanan Berkhasiat Ayam Brand Jakoa Bantu Komuniti Di Empat Negeri