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2024-03-07 08:21 | Report Abuse
Yahudi berjaya menghancurkan hamas, bjfood up lagi kot? Hehehe
Israel-Hamas War ended two months ago,' IDF Maj.-Gen. says
By 103FM VIA MAARIV ONLINE Published: MARCH 6, 2024 13:00
Updated: MARCH 6, 2024 15:34
2024-03-07 08:17 | Report Abuse
Lky mau beli syer kot? Hehehe
Save Print Back
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Intention to Deal During Closed Period
1. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Direct Interest
Description of Securities : Ordinary Shares
No of Securities Held : 77,766,389
% of Securities Held : 26.210
2. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Indirect Interest
Description of Securities : Ordinary Shares
No of Securities Held : 57,878,121
% of Securities Held : 19.500
Remarks : This announcement is made due to the intention to deal by companies
deemed interested by Tan Sri Lee Kim Yew.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
05/03/2024 07:00 AM
Ref Code: 202403053000264
2024-03-07 07:27 | Report Abuse
Mr Adam joined Kawan Food Berhad Group of companies ("Kawan Group") as Advisor to Executive Chairman and Head of Transformation.
He has more than 35 years management experience in commercial, supply chain and corporate roles, developing and implementing transformation strategies across various industries and organizations with a foundation in fast-moving consumer goods.
He started his career in Procter & Gamble in brand management, he moved on to several senior positions including Account Director for Leo Burnett, Regional Account Director for Saatchi & Saatchi, General Manager and Commercial Director for Keebler, and as Managing Director ("MD") for Greater China and Southeast Asia for Kellogg.
Prior to joining Kawan Group in April 2023, he held Chief Operating Officer roles in various divisions within the Hap Seng Group as well as corporate roles within the Group MDs office where he served in change management, business turnarounds and driving group synergy across operating divisions.
Change in Principal Officer - MR ADAM PANDIAN | https://www.klsescreener.com/v2/announcements/view/6136917
2024-03-07 07:25 | Report Abuse
OTHERS KAWAN FOOD BERHAD ("KAWAN" OR THE "COMPANY") - AN INTERIM SINGLE TIER DIVIDEND OF 4.2 SEN PER ORDINARY SHARE
KAWAN FOOD BERHAD
Type Announcement
Subject OTHERS
Description KAWAN FOOD BERHAD ("KAWAN" OR THE "COMPANY")
- AN INTERIM SINGLE TIER DIVIDEND OF 4.2 SEN PER ORDINARY SHARE
The Board of Directors of KAWAN is pleased to declare an Interim Single Tier Dividend of 4.2 sen per ordinary share in respect of the financial year ending 31 December 2024.
The entitlement and payment date will be determined and announced at a later date.
This announcement is dated 22 February 2024.
Announcement Info
Company Name KAWAN FOOD BERHAD
Stock Name KAWAN
Date Announced 22 Feb 2024
Category General Announcement for PLC
Reference Number GA1-22022024-00034
2024-03-07 07:24 | Report Abuse
PETALING JAYA: Resilient domestic demand and a recovery in demand from the European market are helping to sustain Kawan Food Bhd’s revenue growth.
According to Inter-Pacific Research, the company’s sales growth in key foreign markets, such as the rest of Asia, has remained stagnant.
Additionally, sluggish sales in the North America market were largely attributed to lower consumer sentiment.
Meanwhile, the tensions in the Middle East might also cause delays in shipments that affect the sales in North America and European markets.
That said, the research house anticipated a recovery in demand from the North America market due to its economic resilience that should largely preserve demand growth.
“Furthermore, we expect export sales in the Chinese market to regain momentum following the government’s efforts to bolster market confidence through stimulus measures,” it added.
Kawan Food’s calendar year 2023 earnings came in below Inter-Pacific Research’s expectations, only accounting for 93% of its full-year forecast, mainly due to lower operational efficiency and higher taxes.
The research house further reduced its earnings forecasts by 0.3% for 2024 after taking into account the higher operating expenses.
“We also maintain our ‘neutral’ recommendation on Kawan Food with a higher target price of RM2.02 by pegging an unchanged 20 times target price to earnings ratio (PER) to our 2024 earnings per share,” Inter-Pacific Research said.
It continues to like Kawan Food for its overseas market exposure, ongoing initiatives for social and labour compliance, and robust research and development to expand its product offerings.
Kawan Food’s 2023 revenue exceeded the research house’s expectations, which accounts for 102.1% of its previous full-year forecast.
However, net profit slightly missed expectations, only making up 93% of the research house’s previous full-year forecast, mainly due to the higher administrative expenses incurred.
Revenue increased 12.5% to RM81.4mil in the fourth quarter of 2023 from RM72.4mil, as the sales contribution from the European and China markets showed a two-time jump to RM9.8mil and nearly 1.5 time jump to RM2.7mil, respectively.
With improving sales, pre-tax profit rose 22.8% to RM10.2mil from RM8.3mil, which gave an uptick of 1.1% to its pre-tax profit margin.
The company’s net profit increased marginally by 2.1% to RM8.9mil.
2024-03-07 07:19 | Report Abuse
**Tan Sri Lee Kim Yew**, the founder of **Country Heights Holdings Bhd (CHHB)**, has demonstrated remarkable resilience and resourcefulness in his journey. Despite facing significant challenges, he managed to rebound and regain his footing in the corporate world. Let's delve into the reasons behind his impressive comeback:
1. **Survival Instinct and Determination**:
- After the **1997/98 Asian financial crisis**, which dealt him a devastating blow, many believed he would go bankrupt and fade away from the corporate scene.
- However, Lee Kim Yew refused to succumb to adversity. His unwavering determination fueled his survival instinct.
2. **Debt Repayment and Financial Recovery**:
- Lee Kim Yew not only paid off **RM1.1 billion** in personal loans but also helped CHHB settle most of its RM1.1 billion debt.
- His commitment to financial responsibility and debt repayment allowed him to regain financial stability.
3. **Endurance During High-Interest Rates**:
- During the crisis, he faced exorbitant interest rates, reaching as high as **28% per annum**.
- Despite the challenges, he persevered, negotiating with bankers and gradually overcoming the burden.
4. **Humility and Adaptability**:
- He stepped down as CHHB group managing director in **2007**, taking responsibility for the company's problems and weakened financials.
- Passing the baton to his daughter, Dian Lee, demonstrated his humility and adaptability.
5. **Losses and Sacrifices**:
- Lee Kim Yew sold his controlling stake in **Sunrise Bhd**, a high-end property firm, to reduce his loans.
- He even parted with his **US$30 million private jet**, symbolizing his social and economic status during better times.
6. **Changing Relationships**:
- Some of his former "friends" distanced themselves during tough times, emphasizing that he was "a nobody."
- His ties to former Prime Minister **Tun Dr. Mahathir Mohamad** didn't shield him from challenges.
7. **Resilience and Redemption**:
- Despite setbacks, Lee Kim Yew's resilience allowed him to bounce back.
- His story serves as a testament to human strength, adaptability, and the ability to rise from adversity.
In summary, Lee Kim Yew's rebound can be attributed to his tenacity, financial discipline, and willingness to adapt in the face of adversity.
2024-03-07 07:05 | Report Abuse
:)
The potential for YNH Property Berhad to rebound could be influenced by several factors:Market Recovery: If there's a broader recovery in the real estate market or economic conditions, it could positively impact YNH's prospects.Strategic Initiatives: Successful implementation of strategic plans, such as cost-cutting measures, new project launches, or innovative market approaches, may contribute to a rebound.Financial Restructuring: If YNH manages to improve its financial health through debt reduction, increased liquidity, or improved cash flow management, it could signal a positive turnaround.Positive Industry Trends: Benefiting from favorable trends in the real estate sector, like increased demand, favorable interest rates, or government incentives, could boost YNH's rebound potential.Adaptability: YNH's ability to adapt to changing market dynamics and consumer preferences is crucial. If the company can stay ahead of industry trends, it may rebound more effectively.Effective Leadership: Strong and effective leadership can play a significant role in navigating challenges, making strategic decisions, and rebuilding confidence in the company.
2024-03-06 23:29 | Report Abuse
Kroni Madey ,madey dah mau mati, lky macam Sama jugak hehe
2024-03-06 23:27 | Report Abuse
Memang tak pernah ada negara palestine , bodoh sekali, usah buta sejarah hehe
2024-03-06 23:25 | Report Abuse
Hamas kalah yahudi menang.. Ending anytime
2024-03-06 16:49 | Report Abuse
yahudi dah mendekati kemenangan.... bjfood naik pulak hehe
2024-03-06 16:48 | Report Abuse
stabilise ~50sen... beli sebelum ia memecut dengan laju hehe
2024-03-06 16:26 | Report Abuse
BUSINESS SUMMARY
YNH Property Bhd. is a Malaysia-based investment holding company. The Company's segments include Property Development and Construction, and
Hotel and Hospitality. The Property Development and Construction segment is engaged in constructing and developing residential and commercial
properties. The Hotel and Hospitality segment is engaged in the operation of and management of hotels and their related business. Its investment
properties comprise shophouses, commercial buildings, a sports complex, shopping complex, vacant land and an international school. The Company's
residential and commercial projects include Solasta Dutamas, Mont Kiara; OOAK Suites and Residence, Mont Kiara, and Panchor Damai, Pantai
Remis, among others. Its subsidiaries include Kar Sin Berhad, YNH Construction Sdn. Bhd., YNH Hospitality Sdn. Bhd. YNH Land Sdn. Bhd., Green
Mirage Sdn. Bhd. and Kiara Desaru Sdn. Bhd.
2024-03-06 16:24 | Report Abuse
r u ready for the surge? :)
29
Jan2024
BRIEF-Ynh Property Says Proposed Disposal Of Seven-Storey Retail Shopping Centre By Unit
Jan 29 (Reuters) - Ynh Property Bhd YNHB.KL : * PROPOSED DISPOSAL OF SEVEN-STOREY RETAIL SHOPPING CENTRE KNOWN AS "163 RETAIL PARK" BY UNIT * DISPOSAL FOR 215 MILLION RGT * UNIT ENTERED INTO SALE AND PURCHASE AGREEMENT WITH RHB TRUSTEES * EXPECTED TO RECORD PRO FORMA ....
2024-03-06 16:23 | Report Abuse
TOP 10 Investors (As of Latest Filing)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
Yu (Kuan Chon) 24.24 128.98 0.00 84.70 31-Mar-2022 Malaysia Insider
Kenanga Investors Berhad 8.18 43.55 -6.34 28.60 31-Mar-2022 Other Substantial/Declarable
Chan (Weng Fui) 5.79 30.81 19.88 20.23 31-Mar-2022 Other Substantial/Declarable
Yu (Kuan Huat) 4.45 23.66 0.00 15.53 31-Mar-2022 Malaysia Insider
Irama Gigih Sdn. Bhd. 2.36 12.55 -1.22 8.24 31-Mar-2022 Other Substantial/Declarable
Ching (Nye Mi) 1.36 7.23 0.00 4.75 31-Mar-2022 Malaysia Insider
Lim (Leong Wouh) 1.08 5.75 -0.24 3.78 31-Mar-2022 Other Substantial/Declarable
Ng (Paik Pheng) 0.93 4.94 -1.19 3.24 31-Mar-2022 Other Substantial/Declarable
Dimensional Fund Advisors, L.P. 0.83 4.42 0.44 2.91 31-Mar-2022 Other Substantial/Declarable
DFA Emerging Markets Core Equity Portfolio 0.83 4.42 0.00 4.57 31-Jan-2023 MF
2024-03-06 16:22 | Report Abuse
Ownership Type (As of Latest Filing)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Individual Investor 12 40.69 216.50 142.17
Investment Advisor 4 8.29 44.17 29.28
Corporation 1 2.36 12.55 8.24
Mutual Fund 22 2.14 11.33 11.80
Investment Advisor/Hedge Fund 4 0.88 4.71 3.09
2024-03-06 16:16 | Report Abuse
dr yu akan lawan balik... usah risau hehe
2024-03-06 16:15 | Report Abuse
hamas dah kian kantoi... yahudi hebat.. bjfood up lagi hehehe
2024-03-06 16:14 | Report Abuse
ynh Syariah Yes beli tanpa was2 hehe
2024-03-06 16:12 | Report Abuse
sudden surge is approaching.. berdoa ya hehe
2024-03-06 16:11 | Report Abuse
History
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
04/03/2024 00:00:00 0.4100 0.1350 320,000 3.010m 131,200 893,300 0.2968 0.1067 -
04/03/2024 00:00:00 0.4100 0.1350 560,000 3.010m 229,600 893,300 0.2968 0.1867 -
2024-03-06 16:05 | Report Abuse
it should be acquired by ytl, osk, sunway and other players at current fire sale price hehehe... 50sen+ beli dan simpan ... durian runtuh nanti hehe
2024-03-06 12:32 | Report Abuse
KUALA LUMPUR (March 6): Malaysia’s residential property transaction value hit RM196.83 billion in 2023, a fresh record high as noted by the National Property Information Centre (Napic).
The figure was a 9.91% year-on-year (y-o-y) rise from the previous all-time high of RM179.07 billion logged in 2022, Napic said in a statement in conjunction with the release of its Property Market Report 2023 on Wednesday.
As for total transactions, it was largely flat at 399,008, a 2.54% increase from 389,107 in 2022.
2024-03-06 12:32 | Report Abuse
KUALA LUMPUR (March 6): Malaysia’s residential property transaction value hit RM196.83 billion in 2023, a fresh record high as noted by the National Property Information Centre (Napic).
The figure was a 9.91% year-on-year (y-o-y) rise from the previous all-time high of RM179.07 billion logged in 2022, Napic said in a statement in conjunction with the release of its Property Market Report 2023 on Wednesday.
As for total transactions, it was largely flat at 399,008, a 2.54% increase from 389,107 in 2022.
2024-03-06 12:29 | Report Abuse
LIST OF PROPERTIES (cont’d)
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
JOINT VENTURE DEPOSITS PAID (cont’d)
PT 1792 etc, Kuala Pilah, Joint development 76.72 Proposed mixed Leasehold 65,653,000 -
Negeri Sembilan properties development (30.12.2086)
Lot 61113, Joint development 22.67 Proposed mixed Leasehold 28,500,000 -
Mukim Belanja, Perak properties development (4.3.2112)
Lot 48632, Mukim Kuala Joint development 6.29 Proposed high rise Freehold 239,500,000 -
Lumpur, Daerah Kuala Lumpur properties condominium
Lot 594, Mukim 09, Joint development 27.06 Proposed mixed Freehold 27,669,000 -
Daerah Sebarang Prai Selatan properties development
PT 2856, 3168, 8289, Joint development 0.71 Proposed high rise Freehold 10,500,000 -
Mukim Damansara, properties condominium
Daerah Petaling
69 plots, Mukim Kuala Joint development 1.00 Proposed commercial Leasehold 72,800,000 -
Lumpur, Daerah Kuala Lumpur properties development (2.11.2066)
Lot 5274, Mukim Damansara, Joint development 1.51 Proposed high rise Freehold 23,045,000 -
Daerah Petaling properties condominium
Lot 2355, Mukim Batu, Joint development 2.78 Proposed high rise Freehold 38,383,000 -
Daerah Kuala Lumpur properties condominium
GRAND TOTAL 1,763.00 2,133,571,000
2024-03-06 12:29 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
JOINT DEVELOPMENT PROPERTIES (cont’d)
Lot 14838, Mukim Sitiawan, Joint development 3.90 Mixed development Freehold 315,000 N/A
Daerah Manjung, Perak properties
Lot 16061, Mukim Sitiawan, Joint development 8.94 Mixed development Freehold 13,000 N/A
Daerah Manjung, Perak properties
Lot 48632, Vacant land 6.28 Proposed mixed Freehold 15,539,000 N/A
Mukim Kuala Lumpur, approved for development
Daerah Kuala Lumpur development
Lot 224018, Mukim Hulu Joint development 0.14 Commercial Freehold 8,000 N/A
Kinta, Ipoh, Perak properties development
Lot 224019, Mukim Hulu Joint development 0.17 Commercial Leasehold 227,000 N/A
Kinta, Ipoh, Perak properties development
JOINT VENTURE DEPOSITS PAID
Lot 2579, Lot 2594, Joint development 12.30 Proposed high rise Freehold 129,500,000 -
Lot 3458 & Lot 3469, properties condominium
Mukim Batu, Daerah
Kuala Lumpur
Lot 4753, Mukim Batu, Joint development 5.14 Proposed high rise Freehold 207,300,000 -
Daerah Kuala Lumpur properties condominium
Lot 449, Mukim Batu, Joint development 5.06 Proposed high rise Freehold 72,000,000
Dearah Kuala Lumpur properties condominium
PT 10415, PT 10416, Joint development 50.00 Proposed mixed Leasehold 39,811,000 -
Mukim Lumut, properties development (3.3.2104)
Daerah Manjung
Lot 400, Bandar Lumut, Joint development 25,87 Proposed mixed Leasehold 37,509,000 -
Daerah Manjung properties development (15.1.2105)
Lot 3566, Lot 3567, Joint development 5.21 Proposed mixed Freehold 6,500,000 -
Lot 3568, Pangkor Island properties development
PT 10513, Mukim Lumut, Joint development 24.67 Proposed mixed Leasehold 12,100,000 -
Daerah Manjung properties development (2.11.2103)
Lot 15233, Mukim Batu, Joint development 2.66 Proposed high rise Freehold 54,500,000 -
Daerah Kuala Lumpur properties condominium
Lot 10496 to lot 10518, Joint development 307.30 Proposed mixed Leasehold 34,848,000 -
Mukim Hulu Bernam Timur, properties development (4.7.2095)
District Batang Padang, Perak
2024-03-06 12:28 | Report Abuse
LIST OF PROPERTIES (cont’d)
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
LINVESTMENT PROPERTIES (cont’d)
ot 382868 (old PT212710), Investment property - 1.40 Vacant land Leasehold 2,370,000 2008
Mukim Hulu Kinta, Daerah Hotel (24.7.2105)
Kinta, Perak
PT357017, Mukim Hulu Investment property - 1.00 Vacant land Leasehold 3,915,000 2008
Kinta, Daerah Kinta, Perak Hotel (4.6.2103)
Lot 163, Jln Perak, Kuala Investment property 0.90 Fraser Place Kuala Freehold 20,661,000 2015
Lumpur (Level 3, 4, 9, 12, 13) Hotel Lumpur
Lot 15010 (Part Lot 2793, Investment property - 15.00 International Freehold 11,341,000 2015
part 2794), Mukim Lumut, City Harbour School
Daerah Manjung International School
PT15244-PT15249, Investment property - 0.63 Hotel Hawker center Freehold 848,000 2001
PT15250-15264, Mukim Hawker center & & car park
Lumut, Daerah Manjung, Hotel Car Park
Perak
PT 14646, Mukim Lumut, Investment property 10.35 Investment property Freehold 7,492,000 2001
Daerah Manjung Bowling Centre and Bowling Centre and
(Bowling Centre) Event Hall Event Hall
MAJOR ASSETS HELD FOR SALES
PT 15074, Mukim Lumut. AEON Shopping Mall 30.25 AEON Shopping Freehold 141,717,000 2015 *
Daerah Manjung Complex
K163 Retail Park, K163 Retail Park, KL 5.20 Shopping Mall Freehold 205,616,000 2019 *
Jalan Kiara, Mont Kiara
JOINT DEVELOPMENT PROPERTIES
Lot 4753, Mukim Batu, Joint development 5.14 Proposed high Freehold 48,725,000 N/A
Daerah Kuala Lumpur properties risk condominium
Lot 449, Mukim Batu, Joint development 5.07 Proposed high rise Freehold 401,000 N/A
Tempat Segambut, properties condominium
Daerah Kuala Lumpur
Lot 400, Mukim Lumut, Joint development 36.97 Proposed mixed Leasehold 3,798,000 N/A
Daerah Manjung, Perak properties development (15.11.2105)
Lot 10153, Mukim Lumut, Joint development 34.67 Proposed mixed Leasehold 267,000 N/A
Daerah Manjung properties development (22.11.2103)
Lot 13079, Mukim Lumut, Joint development 0.32 Mixed development Freehold 663,000 N/A
Perak properties
* Year of Acquisition
2024-03-06 12:28 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
PT 2818, PT2819, PT2803, Development 0.29 Pusat Perniagaan Freehold 117,000 2001
PT 2804 & PT 2805 properties Manjung Point
(PPMP Phase 2A 8 units), Seksyen 3
Mukim Lumut, Daerah
Manjung, Perak
Lot 9910, Plot 35-Plot 96, Development 2.19 Pusat Perniagaan Freehold 385,000 2001 *
PPMP 2, Mukim Lumut, properties Manjung Point
Daerah Manjung, Perak Seksyen 2
Lot 1616, Mukim Pengkalan Development 7.61 Mixed development - Freehold 1,086,000 2004 *
Baharu, Perak properties Taman Pancur Damai
Lot 1440, Mukim Pengkalan Development 1.15 Mixed development Freehold 1,758,000 2011 *
Baharu, Perak properties
Lot 441, Mukim Pengkalan Development 0.97 Mixed development Freehold 832,000 2011 *
Baharu, Perak properties
Lot 42693, Mukim Sitiawan Development 0.32 Commercial units Freeehold 20,000 2012
properties
HS (D) Dgs 11772 PT Development 6.93 Manjung Point Freehold 5,137,000 2001 *
8073 Mukim Lumut, Perak properties Sekyen II
Lot 15700, Mukim Sitiawan, Development 1.55 Proposed Mixed Freehold 932,000 2011 *
Perak properties development
INVESTMENT PROPERTIES
PT 6706-6724, Daerah Investment 0.70 Shop houses Leasehold 2,214,000 2001 *
Manjung (Fasa 2B), Perak property land (expired
29.8.2081)
Lot 1077, Geran 11310, Investment property - 3.00 Vacant Land Freehold 109,425,000 2005
Section 57, Kuala Lumpur Proposed Menara YNH
PT 2838 (Lot 13107), Investment property - 5.00 Vacant Land & Shell Freehold 2,692,000 2011 *
Mukim Lumut, Perak Proposed Hotel & a Petrol station building
completed petrol station
Plot 276, Pusat Perniagaan Investment property - 2.25 Multi purpose Freehold 2,517,000 2001
Manjung Point Seksyen 1, Multi purpose sports sports complex
Seri Manjung, Perak complex
Hawker center, Taman Investment property - N/A Hawker center building N/A 408,000 2009 *
Samudera, Seri Manjung, Hawker center
Perak
Lot 1791, Mukim Terung Investment property - 0.49 Petrol Station Building 835,000 2021
Daerah Larut Matang, Perak Petrol Station
2024-03-06 12:28 | Report Abuse
LIST OF PROPERTIES (cont’d)
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
DEVELOPMENT PROPERTIES
Lot 374, Mukim Pengkalan Development properties 0.19 Proposed development Freehold 244,000 2004 *
Baru, Perak - commercial
Lot 4818 - Balance of Phase 9 Development properties 0.84 Proposed development 99 years 16,000 2001
(Shop unit) Mukim Lumut - commercial (19.5.2091)
(PT6398-PT6411, PT6412- (Taman Samudera)
PT6421), Perak
PT 2812-2814 (Giant shop Development properties 0.39 Pusat Perniagaan Freehold 68,000 2001
land), Perak Manjung Point 1
Lot 4818 (behind office Development properties 1.18 Proposed development Leasehold 659.000 2001
land - 12 units 2 1/1 house of commercial units (19.5.2091)
vacant plots)
Proposed development Leasehold 706,000 2001
Lot 4818 (behind office Development properties - of commercial units (19.5.2091)
land - LVSB car park & (Taman Samudera)
vacant land, PT10411), Perak
Lot 44, Mukim of Sitiawan Development properties 0.37 Commercial development Freehold 1,243,000 2005 *
Perak - Medan Setiawan
EMR 523 Lot 600 Mukim Development properties 0.15 Taman Bahtera – Freehold 48,000 2001
Pengkalan Bharu, Perak commercial and
residential
Geran 7582 Lot 16047 Development 0.10 Taman Sejati IV, Freehold 64,000 2001
Mukim Sitiawan, Perak properties Sitiawan – commercial
and residential
CT 21662 Lot 11430 Development 0.11 Proposed mixed Freehold 171,000 2001
(New Lot 5942) properties development –
Mukim Sitiawan, Perak commercial and
residential
Lot 26805 part of Development 1.43 Taman Pelabuhan, Kg Freehold 570,000 2001
Geran 7255 Lot 14836 properties Acheh, Sitiawan –
Mukim Sitiawan, Perak commercial and
residential
Lot 10465, Mukim Development 0.10 Commercial Freehold 196,000 2002
Sitiawan, Perak properties development
PT 2818, PT2819, PT2803, Development 1.18 Pusat Perniagaan Freehold 1,354,000 2001
PT 2804 & PT 2805 properties Manjung Point
(PPMP Phase 2A 32 units), Seksyen 3
Mukim Lumut, Daerah
Manjung, Perak
PT 2818, PT2819, PT2803, Development 0.96 Pusat Perniagaan Freehold 619,000 2001
PT 2804 & PT 2805 properties Manjung Point
(PPMP Phase 2A 24 units), Seksyen 3
Mukim Lumut, Daerah
Manjung, Perak
* Year of Acquisition
2024-03-06 12:27 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Lot 9910 (PT 2818, PT 2819, Vacant land 2.76 Pusat Perniagaan Freehold 928,000 2001 *
PT 2803, PT 2804 & PT 2805) Manjung Point
Balance Phase III, Seksyen 3
net off sports complex &
bowling centre, Mukim Lumut,
Daerah Manjung, Perak
HSD 15538, PT 5018, Bandar Vacant land 0.13 Commercial Leasehold 388,000 2001 *
Teluk Intan, Perak development - Bandar (24.09.2100)
Baru Teluk Intan
Lot 605, Mukim Kamunting, Vacant land 9.94 Vacant land Freehold 2,997,000 2013 *
Daerah Larut & Matang,
Perak
Lot 549, Mukim Kamunting, Vacant land 48.00 Vacant land Freehold 11,536,000 2013 *
Daerah Larut & Matang,
Perak
PT2800, PT2801, PT2802 Vacant land 12.90 Manjung point Freehold 3,119,000 2001
(New - Lot 9907, 9908, 9909) Township
(8.33 commercial area and
Plot 1-132 residential), Perak
Lot 1.88, Mukim Kampar, Perak Vacant land 1.88 Vacant land Leasehold 420,000 2013 *
(6.12.2111)
PT320-PT331, Daerah Petaling, Vacant land 1.57 Mixed development Freehold 14,969,000 2013 *
Selangor
Lot 2569, Mukim Sitiawan, Vacant land 1.98 Mixed development Freehold 5,503,000 2014
Daerah Manjung, Perak
Lot 730, Mukim Sitiawan, Vacant land 5.47 Mixed development Freehold 2,697,000 2014
Daerah Manjung, Perak
Lot 14825 & Lot 14826, Vacant land 8.13 Mixed development Freehold 9,400,000 2014
Mukim Sitiawan, Daerah
Manjung, Perak
Lot 1451, Mukim Pengkalan Vacant land 2.58 Vacant land Freehold 1,289,000 2016
Baharu, Daerah Manjung
Lot 474, Mukim Pengkalan Vacant land 2.46 Vacant land Freehold 1,502,000 2016
Baharu, Daerah Manjung
PT4374, PT4375, PT4376 Vacant land 8.98 Vacant land Freehold 9,000,000 2022 *
PT4377 (old name PT2787)
Mukim Lumut, Daerah
Manjung, Perak
CL045352234, Telipok, Vacant land 13.00 Agricultural land 18,148,000 2022 *
Jalan Tuaran, Kota Kinabalu
Lot PT6676, 9445 and Property, plant and 1.44 Hotel operation Freehold 26,275,000 2001
Lot 9240 to Lot 9248, Mukim equipment
of Lumut, Perak
2024-03-06 12:27 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Lot 6254, Lot 307627- Vacant land approved 12.70 Proposed mixed Freehold 18,248,000 2012 *
Lot 307696, PT 17105- for development development
PT 17194, Lot 308020-
Lot 308097, Lot 305190,
Mukim Kampar, Perak
Lot 40931, Mukim Sitiawan, Vacant land 1.46 Proposed mixed Freehold 517,000 2011 *
Perak development
Lot 412, Mukim Vacant land 2.00 Proposed mixed Freehold 112,000 2011 *
Pengkalan Baharu, Perak development
PT10860 (PT 17284, Bal Vacant land 1.30 Proposed mixed Freehold 1,140,000 2011 *
Pantai Hospital land) development
Mukim Lumut, Perak
Lot 38321 (Lot 16060), Vacant land 1.02 Residential Freehold 44,000 2012 *
Mukim Sitiawan, Perak development
Lot 303864-Lot 303915, Vacant land 2.02 Residential Leasehold 400,000 2012 *
Mukim Belanja, Daerah Kinta development (29.1.2103)
Lot 3624 (Lot 302158), Vacant land 6.81 Residential Leasehold 622,000 2012 *
Mukim Belanja, Daerah Kinta development (24.9.2100)
PT 17468 (Old Lot 6517), Vacant land 1.15 Vacant land Freehold 106,000 -
Mukim Lumut, Daerah Manjung
Lot 214, Mukim of Kuala Vacant land approved 2.88 High Rise Freehold 36,385,000 2012 *
Lumpur for development development
Lot 4958, Mukim Sayung, Vacant land 1.65 Residential Freehold 397,000 2012 *
Kuala Kangsar development
Lot 4959,3332,3334,3337, Vacant land 8.56 Residential Freehold 3,230,000 2012 *
Mukim Sayung, Kuala Kangsar development
Geran 7256 Lot 14837 Mukim Vacant land 4.94 Residential Freehold 432,000 2012 *
Sitiawan, Perak development
Geran 7444, Lot 15680, Mukim Vacant land 0.68 Residential Freehold 228,000 2012 *
Sitiawan (Balance of land), Perak development
PT 28260, Lot 16059, Mukim Vacant land 0.04 Residential Freehold 6,000 2012 *
Sitiawan, Daerah Manjung, development
Perak
Lot 966 EMR 1237 Mukim Vacant land 0.89 Taman Mutiara - Freehold 294,000 2012 *
Sitiawan, Perak residential
Lot 4818 (Balance of Vacant land 0.91 Taman Samudera, Leasehold 82,000 2001 *
commercial) (Plot 1, 22 dsth, residential (19.5.2091)
and balance of land), Perak
2024-03-06 12:26 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Lot 448 (New lot 13707, Vacant land approved 6.49 Proposed high Freehold 23,115,000 2007 *
Mukim Batu, Daerah for development rise condominium
Kuala Lumpur
Lot 51630, Vacant land approved 2.98 Proposed mixed Freehold 12,347,000 2007 *
(Old Lot 3719), HSD 83603, for development development
Wilayah Persekutuan,
Daerah Kuala Lumpur
Lot 41023, 41024, Vacant land approved 48.62 Proposed mixed Freehold 24,140,000 2007 *
41025, 41026 for development development
Mukim Lumut,
Daerah Manjung, Perak
Lot 1612, Mukim Pengkalan Vacant land approved 2.68 Proposed mixed Freehold 397,000 2008 *
Baharu, Perak for development development
Lot 15666, Mukim Sitiawan, Vacant land approved 2.32 Proposed mixed Freehold 1,272,000 2008 *
Perak for development development
PT 11202 & PT 11388, Mukim Vacant land 91.49 Proposed mixed Freehold 19,239,000 2008 *
Bentong, Pahang development and
Darul Makmur resort development
Lot 382868 (old PT 212710), Vacant land approved 1.40 Proposed commercial Leasehold 6,053,000 2008 *
Mukim Hulu Kinta, for development development (24.7.2105)
Daerah Kinta, Perak
PT 2788, Mukim Lumut, Vacant land approved 15.00 Proposed mixed Freehold 13,143,000 2008 *
Daerah Manjung, Perak for development development
PT 357017, Mukim Hulu Kinta, Vacant land approved 1.00 Proposed mixed Leasehold 6,001,000 2008 *
Daerah Kinta, Perak for development development (4.6.2103)
Lot 29760 & 29761, Mukim Vacant land approved 36.00 Proposed mixed Leasehold 5,839,000 2008 *
Sungai Terap, Daerah Kinta, for development development (25.11.2101)
Perak
PT 6152, Mukim Pengkalan Vacant land approved 2.92 Proposed mixed Freehold 615,000 2008 *
Baharu, Perak for development development
Lot 337443-Lot 307541, Vacant land approved 3.46 Proposed mixed Leasehold 1,507,000 2009 *
Mukim Kampar, for development development (10.2.2103)
Daerah Kampar, Perak
Lot 51845 (Old Lot 180, Vacant land approved 5.12 Proposed commercial Leasehold 4,029,000 2001
PT22972), Bandar Baru for development development (15.6.2099)
Seri Manjung, Mukim
Sitiawan, Daerah Manjung,
Perak
PT6151, Mukim Vacant land 3.16 Proposed mixed Freehold 991,000 2011 *
Pengkalan Baru, Perak approved for development
development
2024-03-06 12:26 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Geran 9851 Lot 379 Vacant Land and approved 1.75 Lumut Ria Freehold 3,844,000 2001
Town of Lumut, Perak for development Condominium,
Lumut – residential
Lot 6555 – PT 2786 Vacant Land and approved 0.65 Taman Desa, Freehold 195,000 1993
Mukim of Lumut for development Manjung Point –
Perak residential
Lot 5,6, (Lot 1791), Vacant Land and approved 1.04 Taman Seri Trong Perak, Freehold 329,000 1996
Lot 1105-1110 for development Taiping – commercial
(Trong), Perak
Lot 15541, Geran 7305 Vacant Land 4.04 Proposed mixed Freehold 1,296,000 2003
Mukim of Sitiawan development
Geran 21668 Lot 6274 Planted with oil palm tree 37.88 Proposed mixed Freehold 2,568,000 1989
Mukim Beruas, Perak and not approved for development –
development commercial and
residential
PT33990 (Lot 14785-14788 Vacant Land and approved 5.38 Proposed mixed Leasehold 4,200,000 2001
(old lot 26789-26793), for development development –
PT19589-PT19637) commercial and
Mukim Sitiawan, Perak residential
Lot 17768, PT4860 and Vacant Land and approved 5.08 Proposed mixed 99 years 4,818,000 2001
Lot 17769, PT4861 & PT4862 for development development – (29.04.2101)
Mukim Lumut, Perak commercial and
residential
Lot 803, EMR1616, Mukim Vacant Land and approved 2.97 Proposed mixed Freehold 1,279,000 2004 *
Sitiawan, Daerah Manjung, Perak for development development
Lot 716, Village of Simpang Vacant Land and approved 0.02 Proposed mixed Freehold 163,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 717, Village of Simpang Vacant Land and approved 0.02 Proposed mixed Freehold 155,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 721, Village of Simpang Vacant Land and approved 0.01 Proposed mixed Freehold 130,000 2005 *
Empat, Mukim Sitiawan, for development development
Daerah Manjung, Perak
Lot 722, undivided 1/3 land Vacant Land and approved 0.03 Proposed mixed Freehold 91,000 2005 *
under HSM 86/68, for development development
Mukim Sitiawan, Perak
Lot 188, Mukim Lumut, Vacant Land and approved 4.50 Proposed mixed Freehold 2,039,000 2005 *
Daerah Manjung, Perak for development development
Lot 5614 (GRN61063) and Vacant Land approved 14.74 Proposed mixed Freehold 660,000 2005 *
Lot 5615 (GRN61064), for development development
Mukim Batang Padang, Perak
2024-03-06 12:25 | Report Abuse
LIST OF PROPERTIES (cont’d)
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Balance Lot 4818 Mukim Lumut Vacant Land and approved 0.45 Taman Samudera, 99 years 1,604,000 2001
(PT6677, 6678, 4118-4133 for development Phase 10 & 11 – (27.3.2093
4510-4592, 4673-4778, 4840- commercial and [PT 6677 &
4853, PN84692, PN84694) residential 6678] and
Perak 19.5.2091
[the rest])
Geran 7270-7273 Lot 14851-
14854 Mukim Sitiawan, Perak
Vacant Land and approved 23.87 Taman Limbungan, Freehold 5,966,000 2001
Geran 7274 Lot 14855 for development Kg. Acheh, Sitiawan –
Mukim Sitiawan (Old commercial and
Lot No. 34043) (Lot 31656) residential
Perak
Geran 7276 Lot 14857
Mukim Sitiawan (Old Lot
No. 34045)(Lot 21658)
Perak
GM 375 & 376 Lot 6493 & Vacant Land and approved 1.12 Proposed development Freehold 720,000 2001
6494 Mukim Lumut (Old EMR for development – commercial
No. 2424 Lot 4275), Perak
EMR 9488 Lot 9187 Mukim Vacant Land and approved Proposed mixed Freehold 63,000 2001
Sitiawan, Perak for development development –
commercial and
0.51 residential
49,000 2001
HS (M) 1528 PT1728 Vacant Land and approved Proposed mixed Freehold
Mukim Sitiawan, Perak for development development –
commercial and
residential
PT22973-PT22975, Bandar
Baru, Sri Manjung, Perak
- Commercial Complex Vacant Land and approved 0.38 Commercial 99 years
for development Land, Jalan (25.2.2101) 564,000
Lumut, Sri Manjung 2001
- Shops unit 0.08 Commercial 99 years 117,000
(25.2.2101) 2001
Lot 246 Village of Vacant Land and approved 2.90 Taman Delima, Freehold 455,000 2001
Pekan Gurney, Perak for development Ayer Tawar – residential
Lot 4818 Mukim Lumut Vacant Land and approved 2.27 Taman Samudera, 99 years 3,523,000 2001
HS (D) Dgs 3618-3663 for development Sri Manjung – (29.9.2094)
(Lot 10685)-Hawker Center commercial and
Perak residential
Geran 18770 Lot 3335 Vacant Land and approved 18.20 Taman Bintang, Freehold 3,455,000 2001
Mukim Pengkalan Bharu for development Pantai Remis –
Perak commercial and
residential
2024-03-06 12:25 | Report Abuse
LIST OF PROPERTIES (cont’d)
* Year of Acquisition
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
CT 17320 Lot 117 Vacant Land and approved for 0.83 Proposed mixed Freehold 541,000 2001
Town of Lumut, Perak development development
– commercial and
residential
EMR 379 Lot 380 Mukim Vacant Land and approved 1.37 Proposed mixed Freehold 361,000 2001
Pengkalan Bharu, Perak for development development
HS (D) Dgs 1042/78 Lot 5493 Planted with oil palm tree and 7.60 Taman Layar, Kg. Freehold 2,890,000 2001
(New lot 13100) approved for development Acheh, Sitiawan
Mukim Lumut, Perak – commercial
and residential
EMR 9714 Lot 10054 Planted with oil palm tree and 3.08 Proposed mixed Freehold 418,000 2001
Mukim Sitiawan, Perak approved for development development –
commercial and
residential
EMR 5198 Lot 4622 Planted with oil palm tree and 5.04 Proposed mixed Freehold 988,000 2001
Mukim Sitiawan, Perak approved for development development –
commercial and
residential
Geran 7419 Lot 15655 Planted with oil palm tree and 3.04 Proposed development Freehold 1,413,000 2001
Mukim Sitiawan, Perak approved for development – residential
HS(D)Dgs1673/83 PT10382 Vacant Land 0.04 Proposed mixed 99 years 46,000 2001
& (Lot No. 25893 25900) development (23.9.2082)
HS(D)Dgs 1680/83 PT10389 – residential
Mukim Sitiawan, Perak and commercial
HS(D)Dgs 830/89 PT625 Vacant Land 0.75 Proposed development 60 years 273,000 2001
Bandar Lumut, Perak – residential (7.6.2049)
Lot 1983, Lot 1984 Vacant Land 2.97 Agricultural land Freehold 249,000 2004 *
(GM1246, GM1247) land
Mukim Lumut, Daerah
Manjung, Perak
Bal Lot 6154 & 6555 & Vacant Land 50.00 Proposed for Freehold 9,045,000 2004 *
Lot 6518 Mkm Lumut clubhouse usage
(Old Lot No. 1557 &
1932) PT2789-PT2790, Perak
Lot 140, Vacant Land 0.69 Proposed mixed Freehold 177,000 2005 *
Town of Lumut, Perak development
Lot 732, 733, all in Mukim Vacant Land 0.02 Proposed mixed Freehold 89,000 2005 *
of Sitiawan, Perak development
Lot 31776-31780 PT47587- Vacant Land and approved 0.20 Proposed mixed 99 years 163,000 2001
47591 Mukim Sitiawan for development development – (5.5.2088)
(Old Lot No. 15173-15177) commercial and
Perak residential
2024-03-06 12:24 | Report Abuse
LIST OF PROPERTIES
Location Description Property Remaining Existing use/ Tenure NBV Year of
Land Area Proposed Usage (years) @ 30.6.23 Acquisition/
@ 30.6.23 (RM) Last Revaluation
(acres)
Bal Lot 6154 & 6555 &
Lot 6518 Mkm Lumut, Perak
(Old Lot No.1557 & 1932)
- Portion for own investment Property, plant and 27.94 Agricultural/ Freehold 5,142,000 2001
(PT2781-2782) equipment for investment
- Portion for fixed asset Property, plant and 125.29 Agricultural/ Freehold 23,256,000 2001
(G28079, PT2722-2780, equipment for investment
2785, 2822-2823)
Lot 1612, Mukim Kota Lama Property, plant and 13.14 Agricultural/ Freehold 4,214,000 2001
Kiri, Kuala Kangsar equipment for investment
Lot 2795, Mukim Lumut, Property, plant and 25.00 Agricultural/ Freehold 15,261,000 2001
Daerah Manjung, Perak equipment for investment
Lot 36480 & Lot 36481, Property, plant and 25.32 Agricultural/ Leasehold 2,111,000 2011 *
Sungai Terap, Perak equipment for investment (28.11.2109)
Lot 17196 to Lot 17201, Right of use 88.97 For investment Leasehold 31,230,000 2011 *
Lot 17205-Lot 17208, Mukim (7.1.2107)
Lumut, Daerah Manjung,
Perak
Lot 198272, Mukim Hulu Property, plant and 3.00 Vacant land Leasehold 1,753,000 2014
Kinta, Daerah Kinta, Perak equipment (9.8.2052)
Lot 6555 – PT2791, Planted with oil palm tree and 25.00 Proposed mixed Freehold 5,838,000 2001
Mukim of Lumut, approved for development development –
Daerah Manjung, Perak commercial and
residential
Lot 6555 - PT2792, PT2793, Planted with oil palm tree and 36.38 Proposed Hock Chew Freehold 8,228,000 2001
PT2794, Mukim Lumut, Daerah approved for development Centre with
Manjung, Perak mixed development
Entry No.1577 Lot 712 Planted with oil palm tree and - Proposed mixed Freehold
Mukim Lumut, Perak approved for development development – 468,000 2001
Entry No. 1380 Lot 1387 4.78 commercial and Freehold
Mukim Lumut, Perak residential
HS (D) Dgs 1203/78 Lot 2740 Planted with oil palm tree and Taman Suria, Pantai Freehold
Mukim Pengkalan Bharu, Perak approved for development 7.88 Remis – commercial 1,186,000 2001
HS (D) Dgs 1204/78 Lot 2741 and residential Freehold
Mukim Pengkalan Bharu, Perak
Geran 36493, Lot 495 & Vacant Land and approved 0.70 Proposed mixed Freehold 1,230,000 2001
Geran 36944, Lot 496, for development development
Town of Lumut, – commercial and
Daerah Manjung, Perak residential
* Year of Acquisition
2024-03-06 12:23 | Report Abuse
As at the financial period ended 30 June 2023, the Group’s revenue is mainly contributed by sale of inventories in
Kiara 163 OOAK Suites and Solasta Dutamas for projects in Kuala Lumpur, while Pusat Perniagaan Manjong Point
3 projects are the main revenue contributor for projects in the state of Perak.
The Board is pleased to inform that the Kiara 163 has obtained full Certificate of Completion and Complaince in
February 2022. As at 30th September 2023, the project was 99% sold. The management is pleased that the project
is well received by the market, and will strive to replicate the elements of success in upcoming developments.
Located in Dutamas, Kuala Lumpur, Solasta Dutamas has a Gross Development Value (“GDV”) of approximately
RM720 million, and is expected to contribute positively to the Group’s earnings for the next 3 years. As at 31 March
2023, the construction of Solasta Dutamas substructure works is almost complete. Since official launch in July 2022,
30% of total units has been convert into sales.
In Perak, Manjung Commercial Shoplots and Manjung Point Township residential units (Seri Manjung, Perak) will
continue to contribute strongly to the Group’s income.
Furthermore, the Group’s township development in Seri Manjung of approximately 700 acres will continue to
contribute to the Group’s profit for the next 20 to 30 years.
AEON Seri Manjung and Pantai Hospital Seri Manjung both fully operational together with the international school,
had improved the value of the Company’s existing and future developments of this township.
The Group is making preparations for the launch of several projects in the pipeline, namely the 1st phase of the
Project in Genting Highland, which has a GDV of RM700 million, planned for launch after the Solasta Dutamas
Project. The 1st Phase will occupy approximately 5 acres of the 95 acres land bank in Genting highland.
The Group will be venturing into Negeri Sembilan after securing a Development Order from the Kuala Pilah District
Council (Majlis Daerah Kuala Pilah or MDKP) for a 2,200 units of mixed development township with estimated GDV
of RM600 million.
The Group is also planning to develop the approximately 300 acres land bank in Tanjung Malim into a township
of more than 3000 units of mixed developments. Located near Proton City in Tanjung Malim, the project is set
to benefit from the RM30 billion foreign investment committed by Chinese automaker Zhejiang Geely Holding
Group Co Ltd pursuant to the signing of Memorandum of Understanding signed between Malaysian and Chinese
companies announced this year.
Last but not least, a prestigious project planned for the future by YNHP is the Menara YNH development. The
commercial development sits on approximately 3 acres of land on Jalan Sultan Ismail, which is located within the
Golden Triangle area of Kuala Lumpur city centre. The location of Menara YNH offers easy accessibility and close
proximity to public transport facilities. This development has an internal targeted GDV of approximately RM4 billion.
The Menara YNH mixed development will comprise the mix of hotel, service apartments and shopping mall.
Contribution from this project which includes rental income is expected to contribute positively to the Group’s
future earnings.
In terms of Corporate Developments, the Group is expected to receive RM422.5 million from the asset disposal
to an SPV pursuant to the Asset Backed Securitisation of the Kiara 163 Retail Park and Aeon Seri Manjung in 2
tranches, and is expected to complete the 1st tranche by end of FY2023 and the 2nd tranche before June 2024.
2024-03-06 12:22 | Report Abuse
Kuala Pilah Development
I am also pleased to announce that the Group have obtained a development order from the Kuala Pilah District
Council (Majlis Daerah Kuala Pilah or MDKP) in early 2023 for a 2,200 units of mixed development township located
in the heart of Negeri Sembilan.
The township, located within proximity of Kuala Pilah town and Bahau town, will have access to readily available
amenities such as Lotus’s and Giant hypermarkets, hospitals, restaurants, banks and much more. The township is
envisioned to become an economic growth catalyst for the area, while catering to the strong demand for quality yet
affordable homes. The total Gross Development Value of the township is estimated at RM600 million.
The development of the Kuala Pilah township is expected to contribute positively to the Group’s performance over
the next five years.
Development Projects in Perak
The Manjung Point Township has provided the Group with consistent revenue over the years. The Group targets to
generate RM100 million revenue every year with both residential and commercial project launches in the coming
years utilizing a portion of the undeveloped land bank in the Manjung Point Township.
The remaining 700 acres of undeveloped land bank in Seri Manjung is expected to contribute to the Group’s
revenue for another 50 years to come.
Corporate Development
The Board is proud to announce that we have obtained the approval from shareholders for the Proposed Disposal
via EGM conducted on 1st March 2023 pursuant to the fund raising proposal via the ABS announced in 22nd
September 2022
The Company obtained shareholders approval to dispose of the assets. As this is a related party transaction, the
major shareholders have abstained from voting.
Separately, as per Company announcements, the Group is in the midst of land disposal as part of the Company’s
plans to raise cash and reduce borrowings.
2024-03-06 12:22 | Report Abuse
Solasta Dutamas
The Solasta Dutamas is a freehold serviced apartment located within the Mont Kiara Neighbourhood. Solasta
Dutamas consists of 3 blocks of serviced apartments with a total of 1,159 units. The project’s strategic location in
a matured neighbourhood, being less than 10 km away from Kuala Lumpur City Centre, efficient unit layouts and
competitive pricing will attract young working executives who are buying their first homes and customers who
prefer to stay nearer to their work places for convenience.
Construction of the project is undertaken by our wholly owned subsidiary YNH Construction Sdn Bhd. Construction
works has reached 25% as at 30th September 2023.
Genting Highlands Development
The Company has in the final quarter of 2008 acquired 95 acres of strategic development land bank in Genting
Highlands. The Genting land is located strategically next to the Genting Highland Resort and was acquired for
RM16.05 million. The advantage of this land bank is that the purchase consideration is very low and it comes with
infrastructure. The land has already been converted to building title. The proximity to the existing Genting Highland
Resort is an advantage as the proposed development will complement the existing infrastructure. Other plus point
for this development is that it is located in a cool environment and yet only 45 minutes drive from the Kuala Lumpur
city centre.
The proposed development for this 95 acres land includes commercial units, bungalows, condominium, retail units
which will be targeted at both local and foreign investors. The estimated gross development value for this future
development is RM1.96 billion and it is expected to contribute to the Group’s earnings in the next 20 years.
The 1st phase of the proposed development is a 35-storey serviced apartment building consisting of 908 units. The
proposed phase 1 will have an estimated GDV of about RM700 million. Phase 1 of Genting Highlands Development
is in its final stages of planning, and we are targeting to launch the project end 2024, subject to the prevailing
market conditions, and final approvals from relevant authorities.
2024-03-06 12:21 | Report Abuse
During the financial period, YNH continued to build on the growing township development in Manjung District,
Perak for stable revenue contribution, while The OOAK serviced apartments and The OOAK Suites of Kiara 163 and
Solasta Dutamas also contributed to our earnings. The Group’s FY2023 revenue (18 months) is RM307,516,997
while profit before taxation is RM20,416,799.
2024-03-06 12:20 | Report Abuse
CORPORATE INFORMATION
Directors
Dato’ Dr. Yu Kuan Chon, DIMP, PPT, MBBS
(Chairman, Executive Director)
Dato’ Yu Kuan Huat, DPMP, PMP, AMP, PPT
(Managing Director)
Khong Kam Hou
(Senior Independent Non-Executive Director)
Oon Seow Ling
(Independent Non-Executive Director)
Ching Lee Fong
(Independent Non-Executive Director)
Audit Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Remuneration Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Dato’ Yu Kuan Huat, DPMP, PMP, AMP, PPT
(Managing Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Nominating Committee
Oon Seow Ling
(Independent Non-Executive Director) - Chairman
Khong Kam Hou
(Senior Independent Non-Executive Director) - Member
Ching Lee Fong
(Independent Non-Executive Director) - Member
Secretaries
Chan Eoi Leng (MAICSA 7030866)
(SSM PC No. 202008003055)
Cheng Ghee Cheng (LS 0004598)
(SSM PC No. 202008002000)
Registrars
Boardroom Share Registrars Sdn. Bhd.
11th Floor, Menara Symphony
No. 5, Jalan Professor Khoo Kay Kim
Seksyen 13, 46200 Petaling Jaya
Selangor Darul Ehsan, Malaysia
Telephone No.: 03-78418000
Fax No.: 03-78418151/8152
Email: bsr.helpdesk@boardroomlimited.com
Website: www.boardroomlimited.com
Registered Office
55A, Medan Ipoh 1A
Medan Ipoh Bistari
31400 Ipoh
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-5474833
Fax No.: 05-5474363
Email: boardroom-kl@boardroomlimited.com
Principal Place Of Business and Head Office
188, Jalan PPMP 3/3
Pusat Perniagaan Manjung Point 3
32040 Seri Manjung
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-6881128
Fax No.: 05-6881388
Email: karsin@streamyx.com
Website: www.ynhb.com.my
Sales Office – Kuala Lumpur
Sales Gallery
Unit 03-01D, Level 3
Lot 163, 10, Jalan Perak
50450 Kuala Lumpur
Telephone No.: 03-21637700
Fax No.: 03-21627770
Sales Office – Ipoh
10, Jalan Medan Ipoh 3
Bandar Medan Ipoh Baru
31400 Ipoh
Perak Darul Ridzuan, Malaysia
Telephone No.: 05-5451945
Fax No.: 05-5451945
Auditors
Baker Tilly Monteiro Heng PLT
Baker Tilly Tower
Level 10, Tower 1, Avenue 5
Bangsar South City
59200 Kuala Lumpur
Malaysia.
Principal Bankers
Alliance Bank Malaysia Berhad
AmBank (M) Berhad
Bank Islam Malaysia Berhad
CIMB Bank Berhad
Hong Leong Bank Berhad
HSBC Bank Malaysia Berhad
Malayan Banking Berhad
OCBC Bank (Malaysia) Berhad
Public Bank Berhad
Public Investment Bank Berhad
RHB Bank Berhad
United Overseas Bank (Malaysia) Bhd.
Al Rajhi Banking And Investment Corporation
(Malaysia) Bhd.
Affin Bank Berhad
MBSB Bank Berhad
Stock Exchange Listing
Bursa Malaysia Securities Berhad
Main Market
2024-03-06 12:17 | Report Abuse
Banyak harta :)
Background summary
The Company had decided to enter into Deed of Termination to terminate the Proposed Disposal of 163 Retail Park to ALX Asset (“Proposed Disposal 1”) as announced on 29 January 2024, as the Proposed Disposal 1 and the propose disposal of AEON Seri Manjung’s main objective was to undertake a Proposed ABS issue, which was not completed since its first announcement on 17 November 2022, as explained in our announcement dated 5 February 2024.
1. To elaborate the rationale for the Company to terminate the Disposal of 163 Retail Park to ALX Asset for disposal consideration of RM270.5 million (which was supported by the market valuation at the material date on 1 September 2022) and entered into a new SPA to dispose of the same assets to RHB Trustee for RM215 million.
The Company has decided to dispose of 163 Retail Park to RHB Trustee, being the trustee of Sunway Real Estate Investment Trust (“Sunway REIT”) (“Proposed Disposal 2”), following the termination of Proposed Disposal 1. Although, the disposal consideration for 163 Retail Park under Proposed Disposal 1 is for RM 270.5 million as compared to Proposed Disposal 2 of the same asset for RM 215.0 million, the Company views the timelines and certainty of completion is of upmost priority as it allows the Company to realise the benefit from the interest cost savings by utilising the sales proceeds that is allocated for the repayment of bank borrowings.
2. Given that there is a reduction of the disposal consideration from RM270.5 million (involving ALX Asset) to RM215 million under the current Proposed Disposal, and taking into consideration the audited NBV as at 30 June 2023 of RM234,963,931, please provide a detailed and comprehensive disclosure of the basis and justification in arriving at the Disposal Consideration of RM215 million, other than on a “willing buyer willing seller” basis.
Following the termination of Proposed Disposal 1, the Company’s basis and justification for the disposal of 163 Retail Park to Sunway REIT is the timing and certainty of completion. Hence, even though the Proposed Disposal 2 is at a discount of approximately 20.5% of the disposal consideration of Proposed Disposal 1, the settlement of the Proposed Disposal 2 could be completed within three (3) months from the unconditional date, being the date when all the condition precedents in the conditional Sale and Purchase Agreement are fulfilled.
3. To disclose the details of the identified borrowings to be repaid as part of the utilisation of proceeds and the expected amount of interest savings arising thereof.
The details of the identified borrowings to be repaid as part of the utilisation of proceeds is as follows:-
Details of utilisation
RM‘mil
% of disposal proceeds
Estimated utilisation timeframe from receipt of proceeds
Redemption of the Property (Note 1)
110.9
51.6
Immediate
Repayment of Borrowings (Note 2)
53.0
24.7
Immediate
Total
163.9
76.3
For clarity, the balance of the disposal proceeds of RM 51.1 million is allocated for working capital
2024-03-06 12:15 | Report Abuse
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YNH PROPERTY BHD ("YNH" or "the Company") PROPOSED DISPOSAL BY KAR SIN BERHAD, A WHOLLY-OWNED SUBSIDIARY OF YNH OF PROPERTY ON ALL THAT FREEHOLD VACANT LAND IN THE MUKIM OF KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR FOR A TOTAL CASH CONSIDERATION OF RM170.00 MILLION ONLY TO SUNWAY LIVING SPACE SDN BHD ("PROPOSED DISPOSAL")
YNH PROPERTY BERHAD
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
YNH PROPERTY BHD ("YNH" or "the Company") PROPOSED DISPOSAL BY KAR SIN BERHAD, A WHOLLY-OWNED SUBSIDIARY OF YNH OF PROPERTY ON ALL THAT FREEHOLD VACANT LAND IN THE MUKIM OF KUALA LUMPUR, DAERAH KUALA LUMPUR, NEGERI WILAYAH PERSEKUTUAN KUALA LUMPUR FOR A TOTAL CASH CONSIDERATION OF RM170.00 MILLION ONLY TO SUNWAY LIVING SPACE SDN BHD ("PROPOSED DISPOSAL")
Reference is made to the Company’s announcement on 16 May 2023, 14 August 2023, 13 October 2023 and 14 November 2023 in relation to the Proposed Disposal. Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the previous announcement.
The Board of Directors of YNH wishes to announce that Kar Sin Berhad, the Vendor and Sunway Living Space Sdn Bhd, the Purchaser had via the letter dated 9 February 2024 mutually agreed to extend the Conditional Period (as defined in the Sale and Purchase Agreement dated 12 May 2023) for a further three (3) months after expiry of the 3rd Extension of Time of three (3) months period, thereby extending the last day of the Conditional Period to 12 May 2024 for YNH to fulfill all Conditions Precedent of the SPA (regard as "4th Extension of Time").
This announcement is dated 15 February 2024.
Announcement Info
Company Name YNH PROPERTY BERHAD
Stock Name YNHPROP
Date Announced 15 Feb 2024
Category General Announcement for PLC
Reference Number GA1-18012024-00054
2024-03-06 12:11 | Report Abuse
ok ok simpan sedikit... harga lelong macam besi buruk hehe.. padan muka lky kroni mamakutty kerala hehe
2024-03-06 12:10 | Report Abuse
RSI(14) Oversold 19.2
Stochastic(14) Oversold 0.0
Average Volume (3M) 1,011,700
Relative Volume 2.3
2024-03-06 12:10 | Report Abuse
NTA 2.3900
P/B 0.09
RPS 17.27
PSR 1.27
Market Cap 66.0M
Shares (mil) 299.99
2024-03-06 12:04 | Report Abuse
LKY mau masuk pasaran untuk menyapu syernya kot? hehehe
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Intention to Deal During Closed Period
1. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Direct Interest
Description of Securities : Ordinary Shares
No of Securities Held : 77,766,389
% of Securities Held : 26.210
2. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Indirect Interest
Description of Securities : Ordinary Shares
No of Securities Held : 57,878,121
% of Securities Held : 19.500
Remarks : This announcement is made due to the intention to deal by companies
deemed interested by Tan Sri Lee Kim Yew.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
05/03/2024 07:00 AM
Ref Code: 202403053000264
2024-03-06 12:01 | Report Abuse
Buy some when others are fearful.... hehe
YNH — in which prominent investor Datuk Dr Yu Kuan Chon holds a 32.6% stake — , its share price was lowest in 14 years
Stock: [BJFOOD]: BERJAYA FOOD BERHAD
2024-03-07 08:26 | Report Abuse
Kewibawaan/kemegahan yahudi tiada bandingan, hamas bukan lawan yahudi, padan muka hamas! Yahudi dapat menundukkan mereka. Hehe