RGB

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OTHERS RGB INTERNATIONAL BHD ("RGB") - NEW ORDERS SECURED BY RGB'S WHOLLY-OWNED SUBSIDIARY, RGB (MACAU) LIMITED

RGB INTERNATIONAL BHD

Type Announcement
Subject OTHERS
Description
RGB INTERNATIONAL BHD ("RGB")
- NEW ORDERS SECURED BY RGB'S WHOLLY-OWNED SUBSIDIARY, RGB (MACAU) LIMITED

RGB INTERNATIONAL BHD ("RGB")
- NEW ORDERS SECURED BY RGB'S WHOLLY-OWNED SUBSIDIARY, RGB (MACAU) LIMITED

 

1.   Introduction

RGB International Bhd (“RGB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, RGB (Macau) Limited has to-date secured new bulk orders worth approximately RM270 million from its existing customer in the Sales and Marketing (“SSM”) segment.

 

2.   Salient terms

The salient terms of the orders are as follows:

i) The revenue is to be recognised upon delivery of the products to the customer.

ii) The products are expected to be delivered to the customer in 2023.

 

3.   Financial effects

The orders will not have any effect on the share capital and shareholding structure of RGB.

The orders are expected to contribute positively to RGB’s earnings and net assets per share for the financial year ending 31 December 2023.

 

4.   Risk factors

The risk factors affecting the orders include order cancellation by the customer, product availability from the suppliers and fluctuation in currency exchange rates.

 

Although RGB Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of RGB Group.

 

5.  Directors’ and major shareholders’ interests

None of the directors and/or major shareholders of RGB, and/or any persons connected to them, have any direct or indirect interests in the said orders.

 

This announcement is dated 21 September 2022.






Announcement Info

Company Name RGB INTERNATIONAL BHD
Stock Name RGB
Date Announced 21 Sep 2022
Category General Announcement for PLC
Reference Number GA1-15092022-00028