Priceworth gets lift from Innoprise

“While this agreement would not have any material effect on the company for this financial year ending 2020, we expect this agreement to contribute positively to Priceworth’s bottom line as soon as the next financial year, ” said Priceworth executive director Richard Koo

WITH Sabah’s biggest timber concessionaire set to emerge as its single largest shareholder, loss-making Priceworth International Bhd seems to have found a renewed lease of life.

Innoprise Corp Sdn Bhd will be acquiring a 30% stake in Priceworth - a penny stock worth five sen but has RHB Bank founder Tan Sri Rashid Hussain (pic) and his wife among the top shareholders.