Telegram群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: Jade Marvel Group Bhd has proposed to diversify its business into mining, sale and trading of iron ore, dolomite, sand and other minerals.
Jade Marvel is principally involved in four main business segments namely, investment holdings; manufacturing, property development and money lending.
In a filing with Bursa Malaysia, Jade Marvel said the proposed diversification was in line with the group’s objective to expand its revenue stream by diversifying into the new business to enhance shareholders’ value in the long term.
“The board anticipates that the new business will potentially contribute 25% or more of the group’s net profit and/or result in a diversion of 25% or more of the group’s net assets,” Jade Marvel said.,
Additionally, the group said it will continue to seek new viable mining contracts and leases and explore joint venture or cooperation opportunities with business partners to undertake mining and mining-related activities and explore the sale and trading of other minerals.
The group said it intends to fund the new business through internally generated funds.
It intends to commence the mining operations upon successful discovery of high mineralisation and high-grade iron ore in the remaining Kuala Krai Land subject to a satisfactory geology report and feasibility study hence no additional capital outlay is required at this juncture.
Jade Marvel said for the past three financial years, the revenue of the manufacturing segment has been declining mainly due to the interruption of business operation as a result of the Covid-19 outbreak while the revenue of the property development segment has been increasing due to the recognition of the revenue for the joint venture project in Simpang Ampat.
The proposed diversification is subject to the approval of its shareholders at an EGM to be convened. It is expected to be completed by the third quarter of 2022.
转载说明:本文转载自Sunbet。 欧博开户声明:该文看法仅代表作者自己，与本平台无关。转载请注明：Telegram群组:Jade Marvel proposes diversification into mining business