Press Releases
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Wen Jiabao meets representatives of Chinese communities
Apr 28, 2011
Source : BERNAMA

KUALA LUMPUR: Visiting Chinese Premier Wen Jiabao today spent about half an hour meeting with representatives of the Chinese community from China living in Malaysia, as well as those from the Malaysian Chinese community.
Held at a hotel here, the gathering was attended by more than 400 people.

The group included Chinese embassy staff and their family members, investors, businessmen and students.

 
 
Malaysia and China sign eight agreements
 
Apr 28, 2011
Source : The Star
 
PUTRAJAYA: Chinese Premier Wen Jiabao, who is on a two-day visit to Malaysia, and Prime Minister Datuk Seri Najib Tun Razak witnessed the signing of eight agreements between the two countries on Thursday.

The agreements include a mutual recognition of higher education qualifications, a memorandum of understanding on resolving traffic congestion on Penang island between the state government and Beijing Urban Construction Group Co. Ltd and a joint venture between Smelter Asia Sdn Bhd and Alumini
 
MLM model put to test
 
Mar 28, 2011
Source : The Edge Financial Daily
 
KUALA LUMPUR: The spate of lower earnings reported by Hai-O Enterprise Bhd has prompted questions on the viability of the multi-level marketing (MLM) model following amendments to the Direct Selling Act (DSA). In addition, the possible slowdown in consumer spending due to heightening inflation pressure does not help too.
 
Hai-O profit on downtrend
 
Mar 24, 2011
Source : The Edge Financial Daily
 
KUALA LUMPUR: Hai-O Enterprise Bhd’s earnings fell 65% to RM6.34 million for the third quarter (3Q) ended Jan 31 from RM18 million a year ago. Revenue fell to RM57.6 million from RM131.28 million a year ago due to lower sales from its multi-level marketing (MLM) division, which is its core subsidiary. Earnings per share fell to 3.18 sen from 9.02 sen previously.
 
Hai-O 3Q net profit falls 65pct to RM6.34m from RM18m yr ago
 
Mar 23, 2011
Source : Mystockfolio
 
HAI-O ENTERPRISE BHD's earnings fell 65% to RM6.34 million for the third quarter ended Jan 31, 2011 from RM18 million a year ago as revenue shrank following lower sales from its multi-level marketing (MLM) division.
The company said on Wednesday, March 23 that revenue fell to RM57.60 million from RM131.28 million a year ago due mainly due the poorer performance of the MLM division, which is principal subsidiary. Earnings per share were 3.18 sen compared with 9.02 sen.
 
Hai-O's second non-core business raises concern
 
Nov 08, 2010
Source : The Edge Malaysia
 
Hai-O Enterprise Bhd's latest venture into property investment and development has raised concerns among investors. Its share price has shed 4.6% since it announced a collaboration on Oct 22 with Si­erra Equatorial Development Sdn Bhd (SED). Linder the deal, Hai-O will sell 40% of its wholly owned unit, Hai-O Development Sdn Bhd, to SED, a builder-cum-property developer.