Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
KUALA LUMPUR (May 7): EP Manufacturing Bhd (EPMB) has proposed a private placement of up to 31.6 million new shares in EPMB, representing up to 20% of the total shares to third party investors to be identified later.
It said from the proceeds, RM12.9 million shall be used as working capital of the group to finance its day-to-day operations.
“The proposed private placement will enable EPMB and its subsidiaries to raise funds for its working capital requirements and strengthen its financial position arising from the increase in the number of shares in issue,” it said.
On prospects, the group intended to continue leveraging close working relationship with its main customer in the Middle East, namely Abdul Latif Jameel Import and Distribution Co Ltd, to support the business opportunities that may arise from the latter’s close association with Toyota Motor Corporation in Japan.
“This may present opportunities for the group to introduce both interior and exterior accessories for new car models,” it said.
EPMB is principally involved in the manufacturing and supply of metal body panels, chassis parts and modular assembly of automotive parts as well as components to original equipment manufacturers.
Brother, must be patient. Edaran used to behave like that also. See now, 100% in 2 days. Kssc also yesterday, today closed 15%. Resintec also like that. Pls monitor all these counters.
The theme is low Nosh, low market cap. Innity also. All m.cap below 100m before this. But be careful never chase high, cz usually they have low volume scared kena trap if theme finished.