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楼主: icy97

【KAMDAR 8672 交流专区】甘达集团

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 楼主| 发表于 7-9-2017 11:10 PM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
KAMDAR GROUP (M) BERHAD
Reference is made to the announcement made on 30 August 2017 pertaining to the closure of the retail outlet at IOI Mall, Puchong.

The company wishes to clarify that there is no significant financial or operational effect on Kamdar Group (M) Berhad Group upon the closure of the aforesaid retail outlet.

This announcement is dated 7 September 2017.

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 楼主| 发表于 9-12-2017 07:28 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2017
30 Sep 2016
30 Sep 2017
30 Sep 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
29,759
34,666
111,633
122,078
2Profit/(loss) before tax
946
-2,338
7,050
3,590
3Profit/(loss) for the period
1,319
-2,793
5,440
1,109
4Profit/(loss) attributable to ordinary equity holders of the parent
1,319
-2,793
5,440
1,109
5Basic earnings/(loss) per share (Subunit)
0.67
-1.41
2.75
0.56
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1300
1.1100

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 楼主| 发表于 29-12-2017 01:56 AM | 显示全部楼层
Change in Financial Year End
KAMDAR GROUP (M) BERHAD

Old financial year end
31 Dec 2017
New financial year end
31 Mar 2018



Remarks :
The Board of Directors of Kamdar Group (M) Berhad ("KGMB" or "the Company") has approved the change in the financial year end of the Company from 31 December to 31 March.Following the change in the financial year end, the next audited financial statements will be made up from 1 January 2017 to 31 March 2018 covering a period of 15 months. Thereafter, the financial year end for KGMB shall end on 31 March for each subsequent year.



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 楼主| 发表于 7-3-2018 02:44 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Three Months
Three Months
Twelve Months
Twelve Months
01 Oct 2017
To
01 Oct 2016
To
01 Jan 2017
To
01 Oct 2015
To
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
33,947
0
145,580
0
2Profit/(loss) before tax
-1,158
0
5,892
0
3Profit/(loss) for the period
-991
0
4,449
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-991
0
4,449
0
5Basic earnings/(loss) per share (Subunit)
-0.50
0.00
2.25
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1300
1.1100

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 楼主| 发表于 11-6-2018 02:45 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
Three Months
Three Months
Fifteen Months
Fifteen Months
01 Jan 2018
To
01 Jan 2018
To
01 Jan 2017
To
01 Jan 2017
To
31 Mar 2018
31 Mar 2018
31 Mar 2018
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
29,432
0
175,012
0
2Profit/(loss) before tax
296
0
6,188
0
3Profit/(loss) for the period
-1,185
0
3,264
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,185
0
3,264
0
5Basic earnings/(loss) per share (Subunit)
-0.60
0.00
1.65
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1300
1.1100

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 楼主| 发表于 31-7-2018 02:52 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Kamdar Group (M) Berhad (Kamdar OR The Company) Entering Into-        Tenancy Agreement
The Company wishes to announce that it’s wholly owned subsidiary, Kamdar Sdn Bhd (“KSB”) had entered into a Tenancy Agreement (“TA”) on 26 July 2018 with Pilihan Megah Sdn Bhd (“the Landlord”) of the purpose of opening a new branch at the demised premises known as Unit TV02 & TV03-GF @ The Verve No. G-3 & 5, Jalan Mebah 1, Bandar Puchong Jaya, 47170 Puchong, Selangor.

The Tenancy is for a period of three (3) years commencing from 1 August 2018 to 31 July 2021.

The salient terms of the TA are as follows:
Monthly Rental: RM12,000.00
Floor area: Approximately 3,416 square feet.
Rent Free/Fit-out Period: Two (2) months from 1 August 2018 until 30 September 2018
Rental Commecement Date: 1 October 2018

This announcement is dated 30 July 2018.  


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 楼主| 发表于 25-8-2018 07:13 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2018
31 Mar 2018
30 Jun 2018
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
36,997
0
36,997
0
2Profit/(loss) before tax
2,588
0
2,588
0
3Profit/(loss) for the period
1,740
0
1,740
0
4Profit/(loss) attributable to ordinary equity holders of the parent
1,740
0
1,740
0
5Basic earnings/(loss) per share (Subunit)
0.88
0.00
0.88
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1300
1.1200

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 楼主| 发表于 5-11-2018 01:50 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
KAMDAR GROUP (M) BERHAD
The Board of Directors of Kamdar Group (M) Berhad ("KGMB" or "the Company") wishes to announce that the retail outlets at the rented premises at Mid Valley Megamall, F055, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur and  61, Jalan SS 2/64, SS 2, 47300 Petaling Jaya, Selangor will be closed  with effect from 31 October 2018.The tenancies have expired and the company has decided not to renew them.

The SS2 shop was not profitable and the tenancy had expired.

The midvalley branch, if we had renewed the tenancy at the increased rental rate the store would no longer be profitable.

There will be no significant financial or operational effect on KGMB upon the closure of the aforesaid retail outlets.

This announcement is dated 31 October 2018.

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 楼主| 发表于 29-12-2018 06:51 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
23,401
0
60,398
0
2Profit/(loss) before tax
-2,596
0
-8
0
3Profit/(loss) for the period
-2,599
0
-859
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-2,599
0
-859
0
5Basic earnings/(loss) per share (Subunit)
-1.31
0.00
-0.43
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1200
1.1200

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 楼主| 发表于 11-3-2019 05:07 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
29,291
0
89,689
0
2Profit/(loss) before tax
276
0
268
0
3Profit/(loss) for the period
324
0
-535
0
4Profit/(loss) attributable to ordinary equity holders of the parent
324
0
535
0
5Basic earnings/(loss) per share (Subunit)
0.16
0.00
-0.27
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1200
1.1200

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 楼主| 发表于 9-7-2019 04:57 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2019
31 Mar 2018
31 Mar 2019
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
27,398
0
117,087
0
2Profit/(loss) before tax
1,190
0
1,433
0
3Profit/(loss) for the period
759
0
205
0
4Profit/(loss) attributable to ordinary equity holders of the parent
759
0
205
0
5Basic earnings/(loss) per share (Subunit)
0.38
0.00
0.10
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1200
1.1200

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 楼主| 发表于 1-9-2019 06:34 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2019
30 Jun 2018
30 Jun 2019
30 Jun 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
34,887
36,997
34,887
36,997
2Profit/(loss) before tax
1,965
2,588
1,965
2,588
3Profit/(loss) for the period
1,116
1,740
1,116
1,740
4Profit/(loss) attributable to ordinary equity holders of the parent
1,116
1,740
1,116
1,740
5Basic earnings/(loss) per share (Subunit)
0.56
0.88
0.56
0.88
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1300
1.1200

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 楼主| 发表于 19-3-2020 05:40 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2019
30 Sep 2018
30 Sep 2019
30 Sep 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
21,621
23,401
56,508
60,398
2Profit/(loss) before tax
-1,370
-2,596
595
-8
3Profit/(loss) for the period
-1,307
-2,599
-191
-859
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,307
-2,599
-191
-859
5Basic earnings/(loss) per share (Subunit)
-0.66
-1.31
-0.10
-0.43
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1200
1.1200

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 楼主| 发表于 3-5-2020 08:08 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2019
31 Dec 2018
31 Dec 2019
31 Dec 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
29,818
29,291
86,326
89,689
2Profit/(loss) before tax
346
276
941
268
3Profit/(loss) for the period
-381
324
-572
-535
4Profit/(loss) attributable to ordinary equity holders of the parent
-381
324
-572
-535
5Basic earnings/(loss) per share (Subunit)
-0.19
0.16
-0.29
-0.27
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1200
1.1200

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 楼主| 发表于 11-10-2020 07:56 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2020
31 Mar 2019
31 Mar 2020
31 Mar 2019
$$'000
$$'000
$$'000
$$'000
1Revenue
22,965
27,398
109,291
117,087
2Profit/(loss) before tax
-3,195
1,319
-2,254
1,587
3Profit/(loss) for the period
-3,333
758
-3,905
223
4Profit/(loss) attributable to ordinary equity holders of the parent
-3,333
758
-3,905
223
5Basic earnings/(loss) per share (Subunit)
-1.68
0.38
-1.97
0.11
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1000
1.1200

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 楼主| 发表于 5-1-2021 09:03 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2020
30 Jun 2019
30 Jun 2020
30 Jun 2019
$$'000
$$'000
$$'000
$$'000
1Revenue
14,233
34,887
14,233
34,887
2Profit/(loss) before tax
-942
1,965
-942
1,965
3Profit/(loss) for the period
-978
1,116
-978
1,116
4Profit/(loss) attributable to ordinary equity holders of the parent
-978
1,116
-978
1,116
5Basic earnings/(loss) per share (Subunit)
-0.49
0.56
-0.49
0.56
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1000
1.1100

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 楼主| 发表于 6-1-2021 08:02 AM | 显示全部楼层
本帖最后由 icy97 于 4-7-2021 09:56 AM 编辑

Type
Announcement
Subject
OTHERS
Description
KAMDAR GROUP (M) BERHAD ("KGMB" OR "THE COMPANY") - DEVIATION OF PROFIT AFTER TAX MORE THAN 10% BETWEEN AUDITED FINANCIAL STATEMENTS AND UNAUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020
Pursuant to paragraph 9.19(35) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KGMB wishes to announce that there is deviation of 36% between the loss after tax stated in the unaudited financial statements (“4Q2020 Results”) announced on 30 June 2020 and the audited financial statements for the financial year ended 30 March 2020 (“AFS 2020”).

AFS 2020 (RM'000)
4Q2020 Results  (RM"000)
Variance (RM'000)
%
Profit/(Loss) after tax for the year (2,499)(3,905)1,40636

The major causes of the variances between the 4Q2020 Results and the AFS 2020 are as follows :-

Items adjusted to profit    RM’000
Cut-off - April purchase wrongly recognised in March        259
Banker’s  Acceptance Interest for April, May & June paid in advance          45
Gains on investment properties – Fair value correction        190
Adjustments arising related to rights of use assets –“ MFRS 16”        113
Adjustment to provision of current taxation        217
Deferred tax correction related to Kamdar Sdn Bhd, a wholly owned Subsidiary of the Company where there are current year losses and unabsorbed capital allowances        589
Over provision of other expenses(7)
TOTAL     1,406

This announcement is date 28 August 2020.


SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2020
30 Sep 2019
30 Sep 2020
30 Sep 2019
$$'000
$$'000
$$'000
$$'000
1Revenue
19,515
21,621
33,748
56,508
2Profit/(loss) before tax
-1,701
-1,370
-2,643
595
3Profit/(loss) for the period
-1,930
-1,307
-2,908
-191
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,930
-1,307
-2,908
-191
5Basic earnings/(loss) per share (Subunit)
-0.97
-0.66
-1.47
-0.10
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0900
1.1100




Change in Financial Year End
KAMDAR GROUP (M) BERHAD

Old financial year end
31 Mar 2021
New financial year end
30 Jun 2021



Remarks :
The Board of Directors of Kamdar Group (M) Berhad ("KGMB" or "the Company") has approved the change in the financial year end ("FYE") of the Company from 31 March to 30 June. The next audited financial statements will be made up from 1 April 2020 to 30 June 2021 covering a period of 15 months. Thereafter, the FYE shall end on 30 June for each subsequent year. The rationale is to avoid the busy festive period and to allow the audit of the stock to be carried out comfortably.


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 楼主| 发表于 13-2-2022 08:02 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2021
30 Sep 2020
30 Sep 2021
30 Sep 2020
$$'000
$$'000
$$'000
$$'000
1Revenue
3,897
0
3,897
0
2Profit/(loss) before tax
-1,731
0
-1,731
0
3Profit/(loss) for the period
-1,765
0
-1,765
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-1,765
0
-1,765
0
5Basic earnings/(loss) per share (Subunit)
-0.89
0.00
-0.89
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0700
1.0800

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 楼主| 发表于 7-3-2022 10:09 AM | 显示全部楼层
本帖最后由 icy97 于 9-3-2022 08:31 AM 编辑

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KAMDAR GROUP (M) BERHAD- DISPOSAL OF PROPERTY BY IT'S WHOLLY-OWNED INDIRECT SUBSIDIARY, ORISEA TRADE SDN. BHD.
Kamdar Group (M) Berhad ("Kamdar") wishes to announce that it's wholly-owned indirect subsidiary, Orisea Trade Sdn Bhd ("OTSB") has entered into a Sale and Purchase Agreement ("SPA") with GSH Precision TechnologySdn Bhd ("GPTSB") on 15 December 2021 to dispose a four (4) storey detached factory bearing postal address No. 31, Hilir Sungai Keluang  1, Taman Perindustrian Bayan Lepas, Fasa 4, 11900 Bayan Lepas, Pulau Pinang  held under PN 5854, Lot 12384, Mukim 12, Daerah Barat Daya, Negeri Pulau Pinang measuring approximately 4045 square metre for a consideration of RM12,300,000.00 (Ringgit Malaysia : Twelve Million and Three Hundred Thousand Only).

The full text of the contents are attached herein.

This announcement is dated 15 December 2021.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3219054



Type
Announcement
Subject
OTHERS
Description
KAMDAR GROUP (M) BERHAD- DISPOSAL OF PROPERTY BY IT'S WHOLLY-OWNED INDIRECT SUBSIDIARY, ORISEA TRADE SDN. BHD.
Further to the announcement made on 15 December 2021 pertaining to the Disposal of Property by it's wholly-owned indierect subsidiary, Orisea Trade Sdn Bhd, Kamdar Group (M) Berhad wishes to provide clarification/additional information on items 4, 8(b) and 11 (1st para) of the aforesaid announcement as follows:-

1. Item 4. BASIS OF ARRIVING AT THE SALE CONSIDERATION

The latest valuation update report dated 30 June 2021 was carried out by Raine & Horne International Zaki + Partners Sdn Bhd ("RHIZP"), The Basis of valuation is on market value. The methods of valuation used by RHIZP in arriving at the market value was as follows:-

(i) Comparison Method
(ii) Cost Method

2. Item 8. FINANCIAL EFFECTS OF THE SALE TRANSACTION

b) The sale proceeds of RM12,300,000.00 shall be partially used to settle the outstanding loan of RM10,000,000.00 of the group and the balance of RM2,300,000.00 will be used to pay some direct expenses pertaining to the proposed disposal and for working capital purposes. The early settlement of the loan will result in interest savings of approximately RM2,138,813.22.

3. Item 11. RATIONALE FOR THE PROPOSED DISPOSAL

The Property was rented to its wholly owned subsidiary, Kesar Sdn Bhd which used it for wholesale business and decision was made to downsize and relocate the business and sell the property as part of the group’s business rationalization exercise.

This announcement is dated 17 December 2021.

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