#Goodway tyres pro#

Twain wrote these words before market research was invented but they can equally apply to this consumer science as anything else, because statistics and numbers can be made to do strange things, just like words.Īt Misano last week MotoGP rights-holder Dorna made a lot of noise about the results of its MotoGP fans survey, published on Friday. “There are three kinds of lies: lies, damned lies, and statistics,” wrote legendary American writer and humourist Mark Twain. The Proposed Disposal of Big Wheel Green Tyres is therefore deemed terminated due to reasons of Non-fulfillment of condition precedent and such termination would not have any financial impact on Goodway and its subsidiaries.Sign-up now for access to a limited number of articles.

Bhd from Goodway Integrated Industries Berhad (KLSE:GOODWAY) on April 1, 2020. acted as financial advisor to Goodway Integrated Industries Berhad.ĬK Rubber Industries Sdn Bhd cancelled the acquisition of Big Wheel Green Tyres Sdn.

The proposed disposal is expected to raise gross cash proceeds of MYR 2.68 million, which is expected to be utilised for working capital and expenses of the transaction. The transaction is expected to be completed by the fourth quarter of 2019. On March 6, 2020, SJ Securities Sdn Bhd announced that Bursa Malaysia Securities Berhad had, vide its letter dated March 5, 2020, resolved to grant the Company an extension of time from Mauntil Main relation to the issuance of Circular. On behalf of the Board of Directors of Goodway, SJ Securities Sdn Bhd has on Masubmitted an application to Bursa Securities to seek its approval for an extension of time of up to Mato issue the Circular pertaining to the Proposed Disposal of BWGT to the shareholders. SJ Securities on February 19, 2020 Goodway obtained the approval from Bursa Securities and now it required to issue the Circular on March 10, 2020. and Goodway Integrated Industries Berhad mutually agreed to further extend the condition precedent set out in Clause 4.1(a) of the Share Sale Agreement dated Septembe extended until March 31, 2020. As of JanuBursa Malaysia Securities Berhad resolved to grant the Company an extension of time of 1 month from Januto Februto submit the draft circular to Bursa Securities. On behalf of Goodway, SJ Securities Sdn Bhd wishes to announce that Bursa Malaysia Securities Berhad (∻ursa Securities) had, vide its letter dated November 7, 2019, resolved to grant the Company an extension of time of 2 months from Novemto Januto submit the draft circular to Bursa Securities.

#Goodway tyres pro#

The transaction is expected to result in a pro forma loss to Goodway. The transaction will not have any effect on the share capital and substantial shareholders shareholdings in Goodway. As per announcement of January 3, 2020, submission of the draft circular to Bursa Securities extended to February 3, 2020. As per announcement of November 7, 2019, submission of the draft circular to Bursa Securities extended from Novemto January 3, 2020. The transaction is approved by the board of Goodway Integrated Industries Berhad and is subject to shareholders approval of Goodway Integrated Industries Berhad and the approval from Bursa Malaysia Securities Berhad. Big Wheel Green Tyres reported net assets of MYR 25.3 million. The condition precedent in the agreement if not satisfied within the stipulated time the share sale agreement will be terminated and Goodway Integrated Industries Berhad will refund all money to the CK Rubber Industries Sdn Bhd. As at the date of share purchase agreement the CK Rubber Industries Sdn Bhd has paid MYR 1.46 million as part of consideration. The consideration of MYR 19.6 million will be satisfied through the combination of cash of MYR 2.68 million and assumption of liabilities of MYR 16.9 million. Bhd from Goodway Integrated Industries Berhad (KLSE:GOODWAY) for MYR 19.6 million on September 3, 2019. CK Rubber Industries Sdn Bhd entered into a share sale agreement to acquire Big Wheel Green Tyres Sdn.