Rights issue for advance plant and machinery that will be the first to be brought into Malaysia and patented.No other packaging company (Daibochi and BP Plastic) is able to use this technology for the next 10 years.
This advance machinery will double the speed of an existing machinery with higher functionalities.
This is estimated to increase earnings by 20% in H1 2016 and 25% in H2 2016, bringing combined increase in earnings by 55%
Tomypak will continue to invest in this machineries in 2017 until 2020.
And......
Management have a very good rewards for shareholders within 2 weeks time. STAY TUNED.
TOMYPAK (7285) - TOMYPAK HOLDINGS BERHAD (7285) - Target price RM4
http://klse.i3investor.com/blogs/DannyTanSiongKee/88848.jsp
