Does any1 else has this stock under their radar??
Think its newly opened Wuxi plant will contribute strong streams of revenue to its bottomline.
I've no vested interests yet but has this in mind.
The Board of Directors of Riverstone Holdings Limited (the "Company") and with its subsidiaries,
(the "Group") is pleased to announce that its wholly-owned subsidiary, Riverstone Resources Sdn
Bhd, has awarded a contract to a company in Malaysia to construct another new glove dipping line
at the factory located at Lot 54, No. 11, Jalan Jasmin 2, Kawasan Perindustrian Bukit Beruntung,
48300 Bukit Beruntung, Mukim Serendah, Daerah Hulu Selangor, Selangor Darul Ehsan.
Subject to any unforeseen circumstances, the construction of the new glove dipping line is
expected to be completed by November 2008. When completed, the Group’s annual production
capacity is expected to increase by 60 million to 900 million gloves.
The above transaction was entered into in the ordinary course of business of the Group and will
be financed mainly from the IPO proceeds.
The above transaction is not expected to have any significant impact on the financial performance
of the Group for the financial year ending 31 December 2008.
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