Takaso Resources

[winston]

vested

June 5, 2014

Takaso in Indonesian joint venture

PETALING JAYA: Takaso Resources Bhd (TRB), via its wholly-owned subsidiary Takaso Industries Pte Ltd (Takaso), has entered into a joint-venture and shareholders agreement to form a baby products manufacturing company in Jakarta.

Takaso entered the agreement yesterday with three Indonesian individuals – Harrison Law, Sendy Parmon and Eddy Iskandar – to set up P.T. Takaso Indonesia Manufacturing.

In an announcement on Bursa Malaysia, TRB said P.T. Takaso would manufacture some of Takaso’s products for the Indonesian market as well as possibly for export.

“The objective of the collaboration and business of P.T. Takaso is to be the largest baby products manufacturer in Indonesia for products of mainly plastics and rubber origin including but not limited to baby bottles and pacifiers,” it said.

The company will have authorised capital of US$3mil (RM9.71mil) and an issued and paid-up capital of US$1mil (RM3.24mil).Takaso will subscribe for 51% of the issued and paid-up capital while the remaining 49% will be subscribed by its joint-venture partners.

TRB said the agreement was not expected to have any material effect on its earnings and net assets for the financial year ending July 31, 2014 as P.T. Takaso’s activities would only commence after that.

It added that it would also assume no liabilities arising from the agreement.

Source: The Star

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vested

Takaso Resources to buy Dynavance
29 September 2014

Condom maker Takaso Resources Bhd proposes to go into the construction business through the acquisition of a 100% stake in Dynavance Construction Sdn Bhd. In a filing with Bursa Malaysia last Friday,

Takaso said Dynavance represents and warrants to deliver a minimum net profit after tax of RM12 million over 24 months from the completion of the sale and purchase agreement (SPA).

http://www.thesundaily.my/news/1182545

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vested

Takaso to take a bite at ready-to-eat market – The Sun Daily Online-Business, 15th Nov 2013


http://takaso.com.my/v2/?page_id=805

[winston]

vested

Takaso to diversity income stream

KUALA LUMPUR: Rubber manufacturer Takaso Resources Bhd, whose share price has been on the uptrend for the last two months, plans to diversify its income stream by expanding into the ready-to-eat market segment.

http://takaso.com.my/v2/?page_id=813

[winston]

not vested

New substantial shareholder emerges in Takaso

KUALA LUMPUR (Nov 3): Takaso Resources Bhd ( Financial Dashboard) saw the emergence of a new shareholder, Ong Kah Hoe, in the baby-care accessories and condoms manufacturer, after he bought 15.65 shares or 8.97% equity stake on the open market today.

A filing with Bursa Malaysia this evening revealed that Ong also has 10.24 million shares of 5.87% indirect stakes held through his parents and siblings.

Meanwhile, it is worth noting that three of Takaso directors — Yong Mong Huay, Tan Ooi Jin and Su Seong Yeen — had disposed a total of 4.41 million shares or 2.53% equity stakes.

Yong had sold 2.03 million shares or 1.17%, while Tan had disposed 668,000 or 0.38% stakes and Su had disposed 1.71 million shares or 0.98% equity interest.

Takaso has been in the red since 2009.

For the financial year ended July 31, 2014 (FY14), Takaso saw its net loss widened to RM5.95 million from RM3.61 million a year ago on, while revenue decreased by 17% to RM37.56 million, from RM45.08 million previously.

Takaso blamed the loss to reduction in sales of computer accessories, and declining orders from some of its big customers in Middle East and African countries due to their unstable market condition.

Interestingly, shares in Takaso have been climbing steadily from 24 sen recorded in January this year, despite posting six consecutive losses. The stock has risen 148.98% or 36.5 sen year-to-date.

Takaso’s counter closed at one sen lower to 61 sen today, giving it a market capitalization of RM106.4 million.

Source: The Edge