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finance loan or bank guarantee. As a result, the Company has been running the business by its existing cash flow in the Company and having to place the cash in the full amount as a guarantee to the Bank in
downstream facilities/convertors. Presently only few texturizing machines are running in IRSL to consume the existing stock of POY raw material. The loss of production and sales caused by lockdown for almost 2
acquisition of FKRMM's shares is a transac been a customer of NDR for more than 10 years, and in Malaysia with 4 distribution warehouse FKRMM,NDR’s profit will immediately share and retain the existing
company and FKRMM becomes the Company’s subsidiary. After the shares acquisition of FKRMM, NDR continues running the existing business which is producing and distributing motorcycle tires and tubes and
continues running the existing business which is producing and distributing motorcycle tires and tubes and shoes. The existing management team will mainly operate FKRMM. The 1 executive and 2 directors will
acquisition of non-listed company and FKRMM becomes the Company’s subsidiary. After the shares acquisition of FKRMM, NDR continues running the existing business which is producing and distributing motorcycle
expand the Malaysian market share and retain the existing customers. Moreover, FKRMM was a motorcycle tire and tube manufacturer, therefore its personnel not only has expertise in market distribution but