Reason 1 : Asdion wholly owned subsidiary Venice Sanctuary Sdn Bhd had entered into a sourcing agreement with HKIM (Hong Kong International Mining Exchange) to supply bauxite. Bauxite, which will be processed into Aluminum is a rising up material in industrial usage, especially in the automotive industry.
Reason 2 : Major shareholder Tey Por Chen is holding 21.34% of the firm stake (24,815,300 shares). The Tey family had history of bringing up share price to incredible prices.
Reason 3 : Currently, Asdion is sitting on all time low, below 30 cents.
The day Asdion break up from RM 0.30, then massive retailer will come hogging in.
Be a smart investor, invest when low.
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