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.
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0.003 AUD | -.--% | -.--% | -.--% |
06/05 | VIP Gloves' Malaysian Subsidiary to Sell Vacant Lot for AU$2.6 Million | MT |
28/02 | VIP Gloves Limited Announces Appointment of Mark Maine as Company Secretary | CI |
1st Jan change | Capi. | |
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+8.83% | 27.43B | |
-29.70% | 3.14B | |
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+40.00% | 2.14B | |
-1.23% | 2.09B | |
+48.11% | 1.49B | |
+3.80% | 1.37B |
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