Partakes in Versatile Creative Bhd (essential: 0/3, valuation: 0.55/3), which set off our energy calculation yesterday, slipped one sen or 0.76% to RM1.31 after 2.61 million shares were done; interestingly, its 200-day normal volume was just 445,508.5 shares.
In May, the misfortune making organization secured an agreement to assemble a halal antibody plant alongside a pharmaceutical plant and research focus in Bandar Enstek Industrial Park, Negeri Sembilan, for US$69.3 million.
The agreement was granted by Oriental Mace Sdn Bhd, which is a piece of Oriental Mace Group that is driven by Professor Dr Wong Kong Yew as CEO.
On Aug 29, it was uncovered that Wong had inked a concurrence with Versatile official administrator Datuk Lee Kwee Hiang to purchase the last's 18.33% stake in Versatile at RM17.21 million or 80 sen for each share.
Adaptable is exchanging at 3.72 times its net book esteem. No profits were paid out for the monetary year finished March 31, 2016.
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