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News & Events - 2004

  GPRO releases 3Q results
  GPRO pitches in to help in Tsunami Crisis
  GPRO completes successful Handover in Sri Lanka site
  GPRO strock price touches RM0.64
  Historic agreement signed with major Vietnam trade organization
  GPRO completes phase 1 of implementation in Martin Emprex factory
  Local Investors visit GPRO's operations in China
  Crystal Group's Mr. Ko Yat Leung visits GPRO office in Kluang
  GPRO secures another Sri Lanka consignment from Crystal Group
  GPRO unveils new Technology Leasing Program
  GPRO releases 2Q results
  GPRO secures contract with Lingerie Giant
  "Focus on profit"
  GPRO lists on Malaysian MESDAQ market with premium
  GPRO Technologies celebrates with Company Dinner in Kluang
  GPRO oversubscribed by 82 times
  GPRO Technologies completes balloting enroute to listing
  GPRO and K&N Kenanga sign Underwriting Agreement
  GPRO Technologies releases Prospectus for IPO
  GPRO approved for IPO on Malaysian MESDAQ
  GPRO Technologies awarded Industrial Excellence Award 2003
 
 
 
 
December 2004

GPRO releases 3Q results
(December, 26)

GPRO Technologies Bhd released its 3rd Quarter results today. Please check this space for updates and documentation in the near future, as well as files of all financial announcements and results.

 
 

GPRO pitches in to help in Tsunami Crisis
(December, 1)

After the shocking news, GPRO staff came together to raise funds for the Tsunami victims, especially remembering those who suffered much in Sri Lanka and Indonesia. All monies collected were sent to the Star/Maybank Tsunami Relief Fund.

 
 
November 2004

GPRO completes successful Handover in Sri Lanka site
(November, 18)

Since beginning its implementation in Sinotex (Lanka) Ltd earlier this year, GPRO has now completed its first phase of the installation of the G.PRO System in the Sri Lanka factory in a ceremony hosted at five star Airport Garden Hotel, near Colombo today. Congratulating GPRO on its current progress so far, General Manager of Sinotex, Mr. Lau Kin Wai, expressed his gratitude for GPRO's continued partnership and assistance in ensuring that Sinotex's production capacities meet and exceed expectations.

GPRO would like to also thank all Sinotex (Lanka) Ltd staff for their cooperation and willingness to help, enabling GPRO Project engineers to work well alongside the company.

 

   
   

GPRO strock price touches RM0.64
(November, 10)

GPRO stock reached its highest price today, since its listing on June the 2nd. The higher price is another indicator of the confidence GPRO shareholders have in GPRO's prospects for future growth and expansion.

 

   
   

Historic agreement signed with major Vietnam trade organization
(November, 8)

In a significant agreement that will see a mutually beneficial partnership between Vietnam's garment production process and performance, GPRO signed a Business Agreement between the country's foremost Textile and Apparel Corporation (VINATEX), along with Nhabe Garment Company, a renowned garment manufacturer of quality sweaters and coats in Vietnam. VINATEX produces 45% of Vietnam's total garment export output, and has almost 100,000 workers under the umbrella corporation. GPRO will be providing technical know-how, hardware-software solutions and other services to help these manufacturers reach higher and faster levels of output within the coming year. NhabeCo will be a showroom of GPRO's different products and systems, and provide an overview of how a successful garment manufacturer can function, with the aid of modern technology and expert guidance.

 

   
   
October 2004

GPRO completes phase 1 of implementation in Martin Emprex factory
(October, 22)

GPRO Technologies has successfully completed its first stage of implementation in the Martin Emprex factory in Zhongshan China. Martin Emprex International is a UK-based garment manufacturer which supplies major labels like Marks & Spencer, DKNY, BHS, Dunnes, Banana Republic, Gap, Mothercare and JC Penney. GPRO will continue to oversee consecutive implementation phases in this factory which houses close to 5000 workers.

 
 

Local Investors visit GPRO's operations in China
(October, 20)

A total of 20 investors and fund managers from most of Malaysia's top investment firms paid a visit to GPRO's operations in Zhongshan, China. Companies like Allianz General Insurance, AIG Global Investment, Kenanga International, AmInvest, Genting Bhd were represented, among other big names. The investors were shown our company's implementation projects in the Martin Emprex factory and Crystal Zhongshan building site and briefed on latest business activities.

The visit also included a preview of Crystal Group's building project, which was already underway- to be due in the year 2005- that would house 20,000 workers. GPRO is looking to continue its partnership with Crystal Group, one of Asia's largest garment and apparel manufacturers, with an annual turnover of more than US$600 million.

 
 
September 2004

Crystal Group's Mr. Ko Yat Leung visits GPRO office in Kluang
(September, 24)

Head of Information Services Department for Crystal Group Hong Kong, Mr. Ko Yat Leung, visited our Kluang HQ today. He visited and talked with different departments and had extensive meetings to discuss future partnership and collaboration between Crystal's ISD Department and GPRO.

 
 

GPRO secures another Sri Lanka consignment from Crystal Group
(September, 11)

After the implementation of the G.PRO System in the Sinotex's factory in Sri Lanka, GPRO will be receiving another order for 2500 terminals to be installed in the extended wing of the Sinotex factory. This order will be implemented in Dec 2004.

 
 
August 2004

GPRO unveils new Technology Leasing Program
(August, 26)

GPRO Technologies Bhd has launched a new Technology Leasing Program. This new program will allow Garment Manufacturers the opportunity to tap into GPRO's productivity-increasing systems while not tying up necessary funds for business.

 
 

GPRO releases 2Q results
(August, 13)

For the second quarter ended 30 June 2004("2Q2004"), the Group achieved a turnover of RM3,968,354. For the 6-month period ended 30 June 2004 ("1H2004"), the Group recorded a turnover of RM7,517,220. The turnover recorded in the 6-month period is an improvement in the Group's turnover as it represents 80.87% of the corresponding turnover for the whole of the financial year ended 31 December 2003.

The overall increase in turnover for 1H2004 is mainly due to the continuing implementation of existing contracts in hand of approximately RM11.4 million and the acquisition of the NPT Group.

The Group recorded a PAT of approximately RM1.64 million in 2Q2004. For the 6-month period ended 30 June 2004, the Group achieved a PAT of RM3.3 million. This represents a significant improvement in Group PAT as the PAT of the Group for the 6 month period exceeds the proforma Group PAT recorded for the whole financial year ended 31 December 2003 of RM3.1 million.

The improved PAT results of the Group reflect continuing strong market acceptance of GPRO's IT solutions for the textile and apparel manufacturing industry.

It should be noted that the improved net profit results were achieved without the benefits of the RM25 million listing proceeds raised through GPRO's initial public offering that was completed during the quarter.

(Excerpts taken from K&N Kenanga's Research Report released 26th August 2004. If you are interested in obtaining the full report, please visit www.bursamalaysia.com or contact us.)

 

   
   
July 2004

GPRO secures contract with Lingerie Giant
(July, 17)

GPRO Technologies Bhd has secured a contract with UK-based intimate apparel and garment manufacturer, Martin Emprex International, a part of Martin International Holdings PLC. The contract is valued at RM 1.3 million, and has a potential of up to RM 10 million when rollout takes place in its other factories in China and Sri Lanka.

 

   
   

"Focus on profit"
(July, 10)

In a staff meeting today, Executive Chairman Jordan Tang exhorted all GPRO employees to widen their horizons, and work together to bring value to the company and to all shareholders. His strategy included increasing GPRO's customer base at the same time diversifying its product offerings.

 

 

   
June 2004

GPRO lists on Malaysian MESDAQ market with premium
(June, 14)

GPRO which made its debut on the Mesdaq market today, was the most active counter traded with 16.25 million shares done, adding 12.5 sen to 52.5 sen. It opened with an eight sen premium over its offer price of 40 sen.

 

   
   

GPRO Technologies celebrates with Company Dinner in Kluang
(June, 9)

GPRO Technologies celebrated its listing with a Company Dinner at Prime City Hotel today. The management thanked and congratulated all employees past and present for their hard work and effort in bringing the company this far. They emphasized that the journey has just begun for this home-grown company, and will look forward to greater heights in the coming years.

 

   
 
May 2004

GPRO oversubscribed by 82 times
(May, 24)

The Malaysian Issuing House reports today that the GPRO Technologies Berhad Public Issue under which 3,500,000 shares were made available for application by the public has been oversubscribed and balloting of successful applications was conducted this afternoon. The Placement Agent has confirmed that the Placement of 50,000,000 shares to selected investors has also been fully placed out.

A total of 21,223 applications for 290,397,100 shares were received from the public for a total of 3,500,000 shares available for public subscription; which represents an oversubscription rate of 81.97 times. (MIH Press Release)

 

   
   

GPRO Technologies completes balloting enroute to listing
(May, 23)

GPRO completed its balloting today, at the Malaysian Issuing House. The Public Issue of GPRO Technologies Berhad involves 9,000,000 Shares reserved for eligible employees, directors and business associates of the Group; 50,000,000 Shares reserved for private placement; and 3,5000,000 Shares made available for application by public investors.

 

   
   
April 2004

GPRO and K&N Kenanga sign Underwriting Agreement
(April, 27)

In conjunction with its listing on the Mesdaq Market of Bursa Malaysia, GPRO and underwriter K&N Kenanga Bhd exchanged documents at the underwriting and placement agent signing ceremony held in KL today.

Chairman Jordan Tang reiterated in his speech that, "we are committed to producing products that are cut right for the industry. We also plan to launch on average one new product every year." A total of RM8 million from the listing proceeds will be allocated for GPRO's R&D initiatives to enhance the feautres of the company's products to keep pace with the demand in the textile and apparel industry worldwide.

 

   
   

GPRO Technologies releases Prospectus for IPO
(April, 15)

GPRO Technologies has launched its prospectus en route to its listing on the Bursa Malaysia Mesdaq market on the 2nd of June 2004.

 

   
   
March 2004

GPRO approved for IPO on Malaysian MESDAQ
(March, 10)

GPRO Technologies Bhd has been approved for listing on the MESDAQ market of the Malaysian Security Exchange Berhad (MSEB), formerly known as the KLSE. The MESDAQ market is catered for high-growth and technology companies. GPRO is aiming to release its prospectus to the investing public in Q2 2004.

 

   
 

GPRO Technologies awarded Industrial Excellence Award 2003
(March, 4)

GPRO Technologies was awarded the Industrial Excellence Award 2003 for Export Excellence. This award is given annually to successful companies who have displayed sterling efforts in penetrating export markets.

 

   

 

     
 

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