subsidiary of the Company in which the Company currently holds 30.38 percent of its total issued shares. Therefore, the VGM Share Sale Transaction will help unify the Company’s media business in Malaysia with
any impact on the operation of the Company. Furthermore, this asset disposal will help reduce debt burden of the Company, resulting in that the Company is able to repay the debt within time specified
• Project Olympus is on track and will bring in over US$76M run rate cost savings in 2020 (US$44M realized in 1H20). We enhanced our focused on our 5 strategic priorities as these will help us build
Distancing 3) Safety Tracking 4) Deep Cleaning and 5) Touchless Experience. A practical measure as mentioned help the Company start to regain customer’s confidence incorporating with additional easing lockdown
, an increase in agricultural prices and the increase in overall wage especially in the low income segment are met, these might help the recovery to become sufficiently broad-based. 2) Public and private
factors namely rising inflation, an increase in agricultural prices and the increase in overall wage especially in the low income segment are met, these might help the recovery to become sufficiently broad
investment in infrastructure 3.) growth in private consumption continues despite a lower rate of growth however, government subsidy to the low-income citizens could help stimulate near-term consumption
sufficient fund for subscribe the newly issued shares which offering to the specific investor on a private placement basis and has a strong financial status. Therefore, this capital increase will help to
addition, the Company will have the readiness of funds and financial liquidity which will bring benefits and profits to the Company as well as help create added value for shareholders in the long term. 7