【CABNET 0191 交流专区】

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

CABNET HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	KUOPACIFIC DEELUCC SDN BHD
Address	Suite 335A, 3rd Floor, Johor Tower, Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	201901020967 (1330296-T)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	KUOPACIFIC STRATEGIC SDN BHD No.18 (PLO 184) Jalan Angkasa Mas 6, Kawasan Perindustrian Tebrau II, 81100 Johor Bahru, Johor

Date interest acquired & no of securities acquired
Date interest acquired	11 Dec 2019
No of securities	55,412,500
Circumstances by reason of which Securities Holder has interest	Deemed interested by virtue of Section 8 of the Companies Act, 2016, through its shareholding in Kuopacific Strategic Sdn. Bhd.
Nature of interest	Deemed Interest
Total no of securities after change
Direct (units)	0
Direct (%)	0
Indirect/deemed interest (units)	55,412,500
Indirect/deemed interest (%)	31
Date of notice	12 Dec 2019
Date notice received by Listed Issuer	12 Dec 2019

icy97

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

1	Revenue	21,748	15,778	68,880	47,183
2	Profit/(loss) before tax	584	2,953	3,829	6,252
3	Profit/(loss) for the period	400	2,240	2,413	4,680
4	Profit/(loss) attributable to ordinary equity holders of the parent	347	2,265	2,412	4,721
5	Basic earnings/(loss) per share (Subunit)	0.19	1.46	1.35	3.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.80	0.80
		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 ($$)	0.2685		0.2631

icy97

Type	Announcement
Subject	OTHERS
Description	CABNET HOLDINGS BERHAD - Award of Contract as Subcontractor for Extra Low Voltage Works and Fully Integrated Environmental Monitoring and Control System
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“CSM”) had on 3 March 2020 accepted a Letter of Award from Samsung C&T (KL) Sdn. Bhd. (Registration No: 199001013967 (205537-V)) (“the Contractor”) appointing CSM as the subcontractor for supply, delivery, installation, testing, commissioning of extra low voltage works and fully integrated environmental monitoring and control system in relation to the proposed construction and completion of substructure, retail podium, gallery and associated work for a mixed development on Lot 166 (Lot L), Lot 165 (Lot L1) and Lot 164 (Lot M), Kuala Lumpur City Centre at an accepted subcontract sum for the subcontract works of RM11,878,321 (Ringgit Malaysia: Eleven Million Eight Hundred and Seventy-Eight Thousand Three Hundred and Twenty-One only)(“Subcontract”). Full details of the announcement are as attached. This announcement is dated 3 March 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3030420

Attachments Acceptance letter of award.pdf

icy97

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

CABNET HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	DRAGONBAY GLOBAL PTE. LTD.
Address	160 ROBINSON ROAD #20-08 SINGAPORE 068914
Company No.	202003395K
Nationality/Country of incorporation	Singapore
Descriptions (Class)	ORDINARY SHARES
Name & address of registered holder	Maybank Securities Nominees (Asing) Sdn Bhd [Maybank Kim Eng Securities Pte Ltd for Dragon Bay Global Ptd Ltd]50 North Canal Road Singapore 058304

Date interest acquired & no of securities acquired
Date interest acquired	19 Mar 2020
No of securities	35,750,000
Circumstances by reason of which Securities Holder has interest	Acquired of 35,750,000 ordinary shares in Cabnet Holdings Berhad from Netposa Technologies (Hong Kong) Limited via direct deal.
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	35,750,000
Direct (%)	20
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	24 Mar 2020
Date notice received by Listed Issuer	24 Mar 2020

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

CABNET HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	NETPOSA TECHNOLOGIES (HONG KONG) LIMITED
Address	UNIT 1, 13/F., ONE MIDTOWN, 11 HOI SHING ROAD, TSUEN WAN,
Company No.	2109017
Nationality/Country of incorporation	Hong Kong
Descriptions (Class)	ORDINARY SHARES
Date of cessation	19 Mar 2020
Name & address of registered holder	NETPOSA TECHNOLOGIES (HONG KONG) LIMITEDUNIT 1, 13/F., ONE MIDTOWN, 11 HOI SHING ROAD, TSUEN WAN, HONG KONG

No of securities disposed	35,750,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of 35,750,000 ordinary shares in Cabnet Holdings Berhad to Dragonbay Global Pte. Ltd. via direct deal.
Nature of interest	Direct Interest
Date of notice	24 Mar 2020
Date notice received by Listed Issuer	24 Mar 2020

icy97

Type	Announcement
Subject	OTHERS
Description	Clarification on Rumours and News Circulation
The Board of Directors ("Board") of Cabnet Holdings Berhad (“CHB” or “the Company”) wishes to clarify that it has come to the Board’s attention that news and documents have been circulating on social media platforms (i.e. WhatsApp) alluding to news that the Company's subsidiary, Cabnet Systems (M) Sdn Bhd had received a letter of award from the Ministry of Home Affairs for the supply, installation, testing, commissioning and maintenance of close circuit television ("CCTV") system, lift access system and door access system for police lock-ups nationwide with a contract value of RM173,000,000.00 (Ringgit Malaysia: One Hundred Seventy Three Million only). The Board wishes to clarify that the news is fake and has no basis and that the Company has not been awarded any such contract. The Board is not aware of the origin of the news and will be taking all such actions deemed necessary to safeguard the interest and reputation of the Company, including making reports to the relevant authorities, if deemed necessary. Shareholders and investors are advised to exercise caution when trading in the shares of the Company. This announcements is dated 25 June 2020.

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CABNET HOLDINGS BERHAD

Date of change	26 Jun 2020
Name	MR TAN BOON SIANG
Age	56
Gender	Male
Nationality	Malaysia
Designation	Deputy Chief Executive Officer
Directorate	Executive
Type of change	Retirement

Date of change	26 Jun 2020
Name	DATO JEFFREY LAI JIUN JYE
Age	40
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Deputy Chief Executive Officer
Directorate	Executive

icy97

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

1	Revenue	12,285	13,269	12,285	13,269
2	Profit/(loss) before tax	-17	683	-17	683
3	Profit/(loss) for the period	-75	443	-75	443
4	Profit/(loss) attributable to ordinary equity holders of the parent	-62	449	-62	449
5	Basic earnings/(loss) per share (Subunit)	-0.03	0.25	-0.03	0.25
6	Proposed/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 ($$)	0.2682		0.2686

icy97

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

CABNET HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MR WILIARTO KUOSASTRA
Nationality/Country of incorporation	Indonesia
Descriptions (Class)	Ordinary Shares
Name of registered holder	KUOPACIFIC STRATEGIC SDN BHD

Date interest acquired & no of securities acquired
Date interest acquired	20 Jul 2020
No of securities	55,412,500
Circumstances by reason of which Securities Holder has interest	Deemed interested by virtue of Section 8 of the Companies Act, 2016, through his shareholdings in Kuopacific Strategic Sdn. Bhd. and his son, Mr Denzel Wilson Kuosastra shareholdings in Kuopacific Deelucc Sdn. Bhd.
Nature of interest	Deemed Interest
Total no of securities after change
Direct (units)	0
Direct (%)	0
Indirect/deemed interest (units)	55,412,500
Indirect/deemed interest (%)	31
Date of notice	20 Jul 2020
Date notice received by Listed Issuer	20 Jul 2020

icy97

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

1	Revenue	8,038	14,007	20,323	27,276
2	Profit/(loss) before tax	-1,101	1,062	-1,118	1,745
3	Profit/(loss) for the period	-907	692	-982	1,135
4	Profit/(loss) attributable to ordinary equity holders of the parent	-898	706	-960	1,155
5	Basic earnings/(loss) per share (Subunit)	-0.50	0.39	-0.54	0.65
6	Proposed/Declared dividend per share (Subunit)	0.00	0.80	0.00	0.80
		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 ($$)	0.2632		0.2686

icy97

Type	Announcement
Subject	OTHERS
Description	CABNET HOLDINGS BERHAD - Letter of Award
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“CSM”) had on 26 October 2020 accepted a Letter of Award from Kinetics Systems Malaysia Sdn. Bhd. (Registration No.: 199901019565 (494465-U)) (“the Contractor”) appointing CSM as the subcontractor for the supply, delivery, installation, testing, commissioning of electrical package for a factory located at Kulim, Kedah at a sum for the subcontract works of RM17,160,000 (“Subcontract”). The Subcontract is a firm price contract i.e., no claim will be allowed for any variation in costs (such as wages, fuel, materials, exchange rates, plants, taxes statutory contributions and duties, etc.) as the contract sum is deemed to include for such provisions. Full details of the announcement are as attached. This announcement is dated 26 October 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3099460

Attachments Acceptance letter of award v2.pdf

Type	Announcement
Subject	OTHERS
Description	Incorporation of a new wholly-owned foreign subsidiary
The Board of Directors of Cabnet Holdings Berhad (“CHB" or the "Company") wishes to announce that the Company had on 4 November 2020, incorporated a new wholly-owned foreign subsidiary in Singapore under the name of Cabnet Globe Pte Ltd ("CGP"). CGP has an issued share capital of SGD1-00 comprised of 1 ordinary shares and its intended principal activity is to provide electrical works. The incorporation of GCP will not have any effect on the earnings per share, net assets per share and gearing of CHB and its subsidiaries (the "Group") for the financial year ending 31 December 2020. The incorporation of CGP also does not have any effect on the share capital and substantial shareholders’ shareholdings in the Group. None of the Directors and / or major shareholders and / or persons connected with them have any interest, direct or indirect in the incorporation of CGP. This announcement is dated 4 November 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

1	Revenue	11,827	19,856	32,150	47,132
2	Profit/(loss) before tax	169	1,500	-949	3,245
3	Profit/(loss) for the period	29	878	-953	2,013
4	Profit/(loss) attributable to ordinary equity holders of the parent	6	910	-954	2,065
5	Basic earnings/(loss) per share (Subunit)	0.00	0.51	-0.53	1.16
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.80
		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 ($$)	0.2633		0.2686

Type	Announcement
Subject	OTHERS
Description	Acceptance of Letter of Appointment as Sub-Contractor
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“CSM”) had on 18 December 2020 accepted a Letter of Appointment from Giant Leap Construction Sdn. Bhd. (Registration No.: 201401000063 (1076133-P)) (“the Contractor”) appointing CSM as the nominated subcontractor for the supply, delivery, installation, testing, commissioning and maintenance in relation to the provision of Extra Low Voltage and ICT System installation works for the Project for Vistana Tropika Sdn. Bhd. at the subcontract sum of RM8,380,000.00 (“Subcontract”). Full details of the announcement are as attached. This announcement is dated 18 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3115048

Attachments 15309.pdf

Type	Announcement
Subject	OTHERS
Description	LETTER OF AWARD - AWARD OF CONTRACT AS SUBCONTRACTOR BY PEMBINAAN TUJU SETIA SDN. BHD. FOR THE SUPPLY, INSTALLATION, TESTING AND COMMISSIONING OF INFORMATION & COMMUNICATION TECHNOLOGY WORKS FOR KAJANG HOSPITAL, SELANGOR.
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Itwin Technology Sdn. Bhd. (“ITWIN”) had on 23 December 2020 accepted a Letter of Award from Pembinaan Tuju Setia Sdn. Bhd. (Registration No.: 200501029302 (711437-P)) (“the Contractor”) appointing ITWIN as the subcontractor for the supply, installation, testing and commissioning of Information & Communication Technology (“ICT”) works for Kajang Hospital, Selangor at the subcontract sum of lump sum firm price RM7,799,000 (“Subcontract”). Full details of the announcement are as attached. This announcement is dated 23 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3116141

Attachments ITWIN - Kajang Hospital.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	Cabnet Holdings Berhad (Cabnet or the Company)-        Acceptance of Islamic Financing Facility by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet
The Board of Directors’ of Cabnet wishes to announce that on 11 October 2021, the Company's wholly owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“the Customer”) accepted the Islamic Financing Facility of Ringgit Malaysia Five Million (RM5,000,000-00) only granted by Al Rajhi Banking & Investment Corporation (Malaysia) Bhd (“ARBM”). Full details of the announcement are as attached. This announcement is dated 11 October 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3199752

Attachments Attachment - Islamic Financing Facility.pdf

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Type	Announcement
Subject	OTHERS
Description	LETTER OF AWARD - AWARD OF CONTRACT AS WORKS PACKAGE CONTRACTOR BY KINETICS SYSTEMS MALAYSIA SDN BHD. FOR THE ELECTRICAL WORK PACKAGE FOR A FACTORY LOCATED AT KULIM, KEDAH
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, CEE M&E Engineering Sdn Bhd (“CEE”) had on 25 October 2021 accepted a Letter of Award from Kinetics Systems Malaysia Sdn. Bhd. (Registration No.: 199901019565 (494465-U)) (“the Contractor”) appointing CEE as the Works Package Contractor for the electrical work package for a factory located at Kulim, Kedah at a contract sum for the contract works of RM22,264,928.00 (“Contract”). Full details of the announcement are as attached. This announcement is dated 25 October 2021. Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203169

Attachments Kinetics.pdf

icy97

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

1	Revenue	15,841	11,827	47,799	32,150
2	Profit/(loss) before tax	539	169	1,202	-949
3	Profit/(loss) for the period	205	29	796	-953
4	Profit/(loss) attributable to ordinary equity holders of the parent	205	6	798	-954
5	Basic earnings/(loss) per share (Subunit)	0.11	0.00	0.45	-0.53
6	Proposed/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 ($$)	0.2476		0.2434

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Type	Announcement
Subject	OTHERS
Description	LETTER OF AWARD - AWARD OF CONTRACT BY ASTINAS CONSTRUCTION & DEVELOPMENT SDN BHD FOR THE SUPPLY, DELIVERY, INSTALLATION, TESTING AND COMMISSIONING OF THE EXTRA LOW VOLTAGE SYSTEM WORKS FOR THE PROPOSED CONSTRUCTION OF INDUSTRIAL BUILDINGS LOCATED AT FREE ZONE OF SENAI AIRPORT CITY, MUKIM SENAI, DISTRICT OF KULAI, JOHOR
The Board of Directors of Cabnet Holdings Berhad (“CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Cabnet Systems (M) Sdn Bhd (“CSM”) had on 25 November 2021 accepted a Letter of Award from Astinas Construction & Development Sdn. Bhd. (Registration No.: 199701004253 (419749-V)) (“Employer”) appointing CSM for the supply, delivery, installation, testing and commissioning of Extra Low Voltage System Works (“Contract Works”) for the proposed construction of industrial buildings located at free zone of Senai Airport City, Mukim Senai, District of Kulai, Johor at a contract sum of RM5,130,000.00. Full details of the announcement are as attached. This announcement is dated 25 November 2021. Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3212532

Attachments Acceptance letter of award_Astinas.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	Cabnet Holdings Berhad ("Cabnet" or the "Company")-        DISPOSAL BY CABNET SYSTEMS (M) SDN BHD OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HS(D) 321575 PT 8843, PEKAN KINRARA, DISTRICT PETALING, STATE OF SELANGOR TOGETHER WITH A UNIT OF THREE STOREY SHOP LOT ERECTED THEREON FOR A TOTAL PURCHASE PRICE OF RM2,550,000-00.
The Board of Directors of Cabnet (“Board”) wishes to announce that on 25 September 2024, the Company's wholly owned subsidiary, Cabnet Systems (M) Sdn. Bhd. (“CSM”) (“the Vendor”) has entered into a Sale and Purchase Agreement (“SPA”) with Broadlink Marketing Sdn Bhd (“BMSB”) (“the Purchaser”) for the disposal of all that piece of freehold land held under HS(D) 321575 PT 8843, Pekan Kinrara, District Petaling, State of Selangor together with a unit of three storey shop lot erected thereon (“the Property”) at the purchase price of Ringgit Malaysia Two Million Five Hundred and Fifty Thousand (RM2,550,000-00) only subject to the terms and conditions set out in the SPA (“the Property Disposal”). Full details of the announcement are as attached. This announcement is dated 25 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3486035

Attachments CHB Announcement 25.09.2024.pdf

icy97

CABNET HOLDINGS BERHAD

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-27092024-00001
Subject	CABNET HOLDINGS BERHAD (CABNET OR THE COMPANY) - DISPOSAL BY CABNET SYSTEMS (M) SDN BHD (CSM) OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HS(D) 321575 PT 8843, PEKAN KINRARA, DISTRICT PETALING, STATE OF SELANGOR TOGETHER WITH A UNIT OF THREE STOREY SHOP LOT ERECTED THEREON FOR A TOTAL PURCHASE PRICE OF RM2,550,000-00. (PROPERTY) (PROPERTY DISPOSAL)
Description	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)NON RELATED PARTY TRANSACTIONSCabnet Holdings Berhad ("Cabnet" or the "Company")-        DISPOSAL BY CABNET SYSTEMS (M) SDN BHD OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HS(D) 321575 PT 8843, PEKAN KINRARA, DISTRICT PETALING, STATE OF SELANGOR TOGETHER WITH A UNIT OF THREE STOREY SHOP LOT ERECTED THEREON FOR A TOTAL PURCHASE PRICE OF RM2,550,000-00.
Query Letter Contents	We refer to your Company’s announcement dated 25 September 2024, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1) The postal address and the existing use of the Property. 2) The effect of the Property Disposal on the operations of the Group. 3) The date of the payment of the Deposit. 4) The terms of the payment of the Balance Purchase Price. 5) The quantification of the market value of the Property, as per the Valuation Report dated 4 September 2024. 6) The particulars of any liabilities, including contingent liabilities, in relation to the Property Disposal which remain with Cabnet/CSM, together with the details and justification for such arrangements, and any guarantees given by Cabnet/CSM to the purchaser.
Unless otherwise stated, the terms used throughout this announcement shall have the same meanings as defined in the Announcement made on 25 September 2024. The Company wishes to furnish additional information in reply to Bursa Query dated 27 September 2024. 1) The postal address and the existing use of the Property. The Postal address of the Property is G-02, 1-02 and 2-02, Jalan Layang-Layang 5, Bandar Puchong Jaya, 47170 Puchong, Selangor Darul Ehsan. The Property was used by CSM to house it administrative office and used as a branch office. 2) The effect of the Property Disposal on the operations of the Group. Following the execution of the SPA, save for the relocation of CSM office to a rented premises, there are no other effect on the operations of the Group. 3) The date of the payment of the Deposit. Total Deposit is RM255,000.00. The Deposit was paid on the following dates: i. RM76,500.00 being the Earnest Deposit had been paid to the Property Agent by Purchaser on 14 August 2024 as stakeholder sum. iii. The Balance Deposit amount to RM102,000.00 had paid to CSM on 30 September 2024. iii. A sum of RM76,500.00 equivalent to 3% of Purchase Price had paid to the Purchaser's solicitor as stakeholder sum for dealing with RPGT retention sum on 30 September 2024. 4) The terms of the payment of the Balance Purchase Price. The Balance Purchase Price of RM2,295,000.00 shall be paid within 3 months from the SPA date, which is the Completion Period. 5) The quantification of the market value of the Property, as per the Valuation Report dated 4 September 2024. The Market Value as per the Valuation Report dated 4 September 2024 is RM2,400,000.00 for the Property. 6) The particulars of any liabilities, including contingent liabilities, in relation to the Property Disposal which remain with Cabnet/CSM, together with the details and justification for such arrangements, and any guarantees given by Cabnet/CSM to the purchaser. As per announcement dated 25 September 2024, the Property was finance through a term loan of which there is an outstanding sum of RM1.12 million as at the date of announcement. Other than the outstanding loan and the Vendor’s obligations under the SPA, there are no other liabilities, including contingent liabilities and guarantees, to be assumed by Cabnet/CSM pursuant to the signing of the SPA. This Announcement is dated 30 September 2024.