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About G Neptune Bhd

G Neptune Bhd (GNB) was formerly known as GPRO Technologies Bhd and was listed on the MESDAQ Market of Bursa Malaysia Securities Bhd on 2 June 2004. At the time the Group was listed, GNB was primarily involved in the IT Solutions business, catering to the textile manufacturing and apparel sector. Due to a slowdown in the garment/textile industry, the Group diversified into the cosmetics and trading business which also saw a difficult and competitive business environment. This led to the Group having to impair some RM7.2m in deposits and pre-payments in the 2nd Quarter FYE6/2018 results, which resulted in GNB triggering GN3 on 30 November 2017. GNB has since that date been under a GN3/PN17 status and has until 30 November 2018 to announce a rationalisation exercise.