Smart Construction Material Manufacturer to Open Manufacturing Plant in Malaysia
One of the investments of the Directors of Round Table – A smart construction material manufacturing company, is currently finalising its preparation to open a manufacturing plant in Penang, Malaysia. The company has also received a 10-year tax free incentive from the Malaysian government.
Spanning over 7 acres of bustling industrial park located in Penang, the factory is expected to be fully constructed and ready to operate by July 2020, with an IPO scheduled to happen towards the later part of 2020. The company has selected Malaysia to be its primary export and manufacturing hub for its final product.
This company’s list of clients include the US military complexes, telecommunications companies, airline companies, development & construction companies and other types of commercial and governmental companies in the United States, Korea and China.
The Directors of Round Table expects very strong momentum during its IPO at the end of 2020.
More news to come
Osteopore (ASX:OSX) Featured on IG.com
Osteopore share price: +265%
Osteopore (ASX: OSX) is centrally involved in the commercialisation ‘of patented 3D printed bioresorbable products, specifically engineered to facilitate natural bone healing.’
Through the company’s IPO – held in September 2019 – Osteopore raised $5.25m to further its health-focused ambitions. The company intends to use these funds to increase market penetration in the Asian region, further refine its current sales and distribution networks in the US and EU, and secure additional regulatory clearances (Australian TGA approval, for example) – among other uses.
Positively, the company is currently revenue positive, reporting revenue from the September quarter of $298,000 – on a market capitalisation of $73.9m.
At an issue price of $0.20 per share, the Osteopore share price, which currently trades around the $0.73 mark, is currently up around 265%.
Excerpt from IG.com – Source