Ann: Proposed issue of Securities - VIP, page-39

It’s all in the ann :

“Leaseback terms and conditions
The Leaseback commences one day after Completion and is for an initial term of 3 years. At the sole discretion of the Company, the Leaseback is renewable for a further four 3-year terms, with a maximum 2% increase in lease payments every 3 years. The lease payments for the first 3-year term have been set at MYR 120,000 per month (approximately A$42,500) “
and
“The sale of the land and buildings will provide a significant cash injection for the Company, with funds used to expand existing glove manufacturing operations, acquisition of additional raw material to increase manufacturing to meet customer demand, eliminate financial borrowings (including convertible note debt) and provide ongoing working capital”

With the plant continues to operate on 24 hours, 7 days a week basis and commissioning two new lines and demand still going strong , everyone’s expecting for company’s turn around...