OTHERS KOSSAN RUBBER INDUSTRIES BHD ("KOSSAN" OR THE "COMPANY") CLARIFICATION ON THE NEW STRAITS TIMES ARTICLES TITLED "THREE FIRMS JOINING FORCES" AND ON ITS ONLINE NEWS PORTAL TITLED "MALAYSIA'S GLOVE SECTOR GETS MERRIER, THREE LISTED FIRMS FORM GLOVE-MAKING PACT" DATED 4 AUGUST 2020

KOSSAN RUBBER INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
KOSSAN RUBBER INDUSTRIES BHD ("KOSSAN" OR THE "COMPANY") 
CLARIFICATION ON THE NEW STRAITS TIMES ARTICLES TITLED "THREE FIRMS JOINING FORCES" AND ON ITS ONLINE NEWS PORTAL TITLED "MALAYSIA'S GLOVE SECTOR GETS MERRIER, THREE LISTED FIRMS FORM GLOVE-MAKING PACT" DATED 4 AUGUST 2020

We refer to the articles published by the New Straits Times titled "THREE FIRMS JOINING FORCES" and on its online news portal titled “MALAYSIA'S GLOVE SECTOR GETS MERRIER, THREE LISTED FIRMS FORM GLOVE-MAKING PACT”, in particular the following statements appearing in bold:

“The two firms confirmed in the tripartite partnership are Green Ocean Corp Bhd and AT Systematization Bhd, while the third party is believed to be Kossan Rubber Industries Bhd.”

“A combination of AT Systematization's engineering skill set, Kossan's production know-how and the ideal location controlled by Green Ocean in Klang being the triumvirate could collectively propel both AT Systematization and Green Ocean into the realms of the likes of HLT Global Bhd and Careplus Group Bhd," said the analyst.”

KOSSAN wishes to clarify that the Company is neither aware of nor involved in the abovementioned glove-making pact or tripartite partnership.

This announcement is dated 4 August 2020.






Announcement Info

Company Name KOSSAN RUBBER INDUSTRIES BERHAD
Stock Name KOSSAN
Date Announced 04 Aug 2020
Category General Announcement for PLC
Reference Number GA1-04082020-00092