UPA

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OTHERS UPA Corporation Bhd. ("UPA" or "Company") Pioneer Status Granted By The Malaysian Investment Development Authority ("MIDA")

UPA CORPORATION BHD

Type Announcement
Subject OTHERS
Description
UPA Corporation Bhd. ("UPA" or "Company")
Pioneer Status Granted By The Malaysian Investment Development Authority ("MIDA")

Further to the announcement dated 7 August 2020 in regard of new business activities in the healthcare industry – conditional approval granted by MIDA on the manufacturing licence, the Board of Directors of UPA is pleased to inform that UPA Healthcare Products Sdn. Bhd , a wholly-owned subsidiary of the Company had on 3 December 2020 received MIDA's letter dated 30 November 2020 granting pioneer status for the activity of "Meltblown Non-Woven Fabric" manufacturing for a period of 5 years, subject to terms and conditions as set out in the attached letter.

 

The granting of pioneer status shall have an insignificant impact on the current financial year earning of UPA Group.

 

This announcement is dated 9 December 2020.




Please refer attachment below.



Announcement Info

Company Name UPA CORPORATION BHD
Stock Name UPA
Date Announced 09 Dec 2020
Category General Announcement for PLC
Reference Number GA1-09122020-00073