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OTHERS INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company") 1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX 2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"

INIX TECHNOLOGIES HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
INIX TECHNOLOGIES HOLDINGS BERHAD ("INIX" or "the Company")
1. ACQUISITION OF 331,500 ORDINARY SHARES REPRESENTING 51.00% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF L & S GLOVES SDN BHD BY INIX GLOVE MANUFACTURING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF INIX
2. PRESS RELEASE TITLED, "INIXS GLOVE VENTURE TAKE OFF AS ACQUISITION OF L&S GLOVES COMPLETED"

(The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the Company’s announcement made on 21 January 2021 and Reply to Query announcement made on 26 January 2021 in relation to the Proposed Acquisition)

 

Further to the Company's announcements dated 21 January 2021 and 26 January 2021, the Board of Directors of INIX wishes to clarify the following:-

 

3. The number of production lines, production capacity and production output per annum of L&S factory.

a. No of Production line : 2

 

b. Production Capacity per line  :

    i. Production Capacity  per hour : 11,000 pcs per hour

    ii.Production Capacity Per Month Per Line : 7,898,000 pcs per month per line

    iii.Production Capacity Per Annum Per Line : 94, 776,000 pcs per annum per line

 

c. Production Output (net estimated wastage)

    i.Production Output  per hour : 10,780  pcs per hour

    ii.Production Output Per Month Per Line : 7,740,040 pcs per month per line

    iii.Production Output  Per Annum Per Line : 92,880,480 pcs per annum per line

 

Note:

Estimated wasteages 2%

 

This announcement is dated 25 February 2021.






Announcement Info

Company Name INIX TECHNOLOGIES HOLDINGS BERHAD
Stock Name INIX
Date Announced 25 Feb 2021
Category General Announcement for PLC
Reference Number GA1-08022021-00038




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