In August 2021, Bright Packaging ventured into the palm oil cultivation business by way of a joint enterprise with Datai Plantations Sdn Bhd. Bright Packaging is investing $5 hundreds of thousands by Datai Plantations which is a deemed native standing firm within the Borneo state of Sarawak that held a joint enterprise company Datai Pelita Bintangor Sdn Bhd with the Sarawak's state Government in growing an 1,921 hectares of palm oil estate. In October, Vape Shop near me renowned activist investor and entrepreneur Dato’ Ricky Wong, founder and Vape Shop CEO of Asia Media Group, bought a dominant stakeholder in Bright Packaging Industry Bhd.

News of activist investor vape juice Dato' Ricky Wong curiosity in taking the corporate private have been denied by the Board in its annual common meeting held on 24 February 2014. Wong has quietly built up his stake in the corporate and at present holds 32.81% which is simply in need of the 33% threshold required to trigger a obligatory general provide. Dato' Ricky at present holds a 32.81% stake in Bright Packaging. On 10 February 2014, non-government director Datuk Seri Syed Ali Alhabshee has ceased to be a substantial shareholder of the corporate following the disposal of his total shareholding in a direct enterprise transaction to Dato' Ricky Wong.

Dato' Ricky and Best Starter Kits Datuk Seri Syed Ali Alhabshee are CEO and chairman of Asia Media respectively. Datuk Seri Syed Ali Alhabshee with 9.24% voting shares led dissident shareholders to victory by a landslide margin with 59.93% voting in favour to oust the incumbent board at the EGM. If companies weren't allowed to deduct expenses, businesses with a revenue margin under the flat tax price might never earn any cash because the tax on revenues would all the time exceed the earnings.

For instance, Vape Shop near me grocery shops sometimes earn pennies on each dollar of income; they couldn't pay a tax rate of 25% on revenues until their markup exceeded 25%. Thus, firms should be capable of deduct operating bills even if individuals can not. Russia is considered a first-rate case of the success of a flat tax; the real revenues from its personal income tax rose by 25.2% in the first year after the country introduced a flat tax in 2001, Vapor Starter Kits adopted by a 24.6% enhance within the second 12 months, and vape e-liquid a 15.2% increase in the third year.

Shareholders additionally voted towards fee to former administrators of the agency who have been ousted final year for mismanaging the corporate which result in a probe by the Minority Shareholder Watchdog group. The company made a internet profit of $2.98 million for the fourth quarter, ended 31 August 2013 - a rise from $1.Forty eight million in the previous corresponding quarter.