As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.
KUALA LUMPUR: Steel products manufacturer Tashin Holdings Bhd
, which will be listed on the ACE Market on Aug 1, posted net profit of RM3.5mil in the firstr quarter ended March 31, 2019.
The company said on Monday the earnings were on the back of RM62.78mil in revenue while its earnings per share stood at 1.21 sen.
Its managing director Lim Choon Teik said the strong Q1 performance was underpinned by the maufacturing division.
For FY2018, Tashin reported net profit of RM11.28mil on revenue of RM260.55mil.
On the outlook for Tashin, Lim said it was focused on expanding the steel manufacturing activities.
This would see it purchasing machinery and equipment as it expands into manufacturing wire mesh. It would also increase the handling and packing speed for steel pipes and slit coils.
Tashin, which offered 17.45 million new shares under its listing exercise, recorded an over subscription rate of 5.42 times.
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