SENHENG NEW RETAIL BERHAD

KLSE (MYR): SENHENG (5305)

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Last Price

0.30

Today's Change

0.00 (0.00%)

Day's Change

0.295 - 0.30

Trading Volume

277,500

Overview

Market Cap

450 Million

NOSH

1,500 Million

Avg Volume (4 weeks)

503,890

4 Weeks Range

0.295 - 0.315

4 Weeks Price Volatility (%)

25.00%

52 Weeks Range

0.295 - 0.495

52 Weeks Price Volatility (%)

2.50%

Previous Close

0.30

Open

0.30

Bid

0.295 x 82,500

Ask

0.30 x 41,600

Day's Range

0.295 - 0.30

Trading Volume

277,500

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 29-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 26-May-2024

T4Q P/E | EY

17.67 | 5.66%

T4Q DY | Payout %

2.33% | 41.24%

T4Q NAPS | P/NAPS

0.36 | 0.83

T4Q NP Margin | ROE

1.94% | 4.68%

Market Buzz
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: RETAILERS

Subsector: RETAILERS

Description:

Senheng New Retail Berhad is a Malaysia-based investment holding company. The Company through its subsidiaries, is a retailer of consumer electrical and electronic products. The Company's products include digital gadgets, audio visuals, home appliances and other products. It also engaged in the provision of delivery, installation, maintenance, and repair services. The Company operates approximately 103 physical stores in Malaysia. The Company's brands include Senheng and senQ. The Company's subsidiaries include SC Alliance (M) Sdn Bhd, Senheng Captive Insurance Pte Ltd and Senheng Electric (KL) Sdn Bhd.

Discussions
3 people like this. Showing 50 of 1,265 comments

Good123

Sentiasa ada untung & dividen

2 weeks ago

Good123

Kita bayar less than 1/3 harga ipo @RM1.07. sungguh berbaloi

2 weeks ago

Good123



5305 SENHENG SENHENG NEW RETAIL BERHAD
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
SENHENG NEW RETAIL BERHAD ("SENHENG" OR THE "COMPANY")(I) ACQUISITION OF LAND
TOGETHER WITH THE BUILDINGS ERECTED THEREON, WHICH IS CURRENTLY BEING USED AS A
CENTRAL DISTRIBUTION CENTRE, FOR A PURCHASE CONSIDERATION OF RM75.8 MILLION TO
BE SATISFIED ENTIRELY IN CASH ("ACQUISITION"); AND (II) VARIATION OF THE
UTILISATION OF PROCEEDS RAISED FROM THE COMPANY'S INITIAL PUBLIC OFFERING
("VARIATION")(COLLECTIVELY, REFERRED TO AS THE "CORPORATE EXERCISES")
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

22/12/2023 07:00 AM


Ref Code: 202312223000211

2 weeks ago

Good123

Senheng rm1.07 ipo price --> 31sen

A big recovery like ynh is expected

2 weeks ago

Good123

Senheng continues with dividend & profitable, the fall from rm1.07 to 31sen was unwarranted, etc.

2 weeks ago

Good123

The Leading Retailer In Consumer Electronics
With over 100 stores across Malaysia, we offer our customers a unique shopping experience with the widest choice of consumer electronic products available in the country.

2 weeks ago

Good123

Latest News
The first Grand senQ in East Malaysia, Now Open at Bintang Megamall, Miri!
November 2, 2023
Read More »
Senheng acquires Central Distribution Centre for RM75.8 million to enhance omnichannel operations
September 25, 2023
Read More »
FRIM, Senheng collaborate in genetic conservation of synchronous fireflies
August 30, 2023
Read More »
Senheng’s expansion strategies pave the way for future growth
August 28, 2023
Read More »
Senheng App Launches S-Coin Redemption Centre, Enhancing Value for PlusOne Members
August 14, 2023
Read More »

2 weeks ago

Good123

a respectable dividend yield ~ 2.3% + net assets per share ~36sen

2 weeks ago

Good123

31sen/ipo price RM1.07 ~29%, share price has fallen 71%, unreasonable or overdone. Buy before it is too late

2 weeks ago

Good123

Reserve/retained earnings~RM110mil, share buy back like what ytl did before is very likely :)

2 weeks ago

Good123

Senheng has a business model that can scale, e.g., bring it to other countries. Look at its app. Download it and try it out!

2 weeks ago

Good123

Its business model is already moving towards Shopee or Lazada. study it further, yah

2 weeks ago

Good123

its market cap is low due to the steep fall from ipo price RM1.07\\

Market Cap RM472.500m

2 weeks ago

Good123

ramai tak tahu

www.prnewswire.com › apac › news-releasesSenheng App Embraces Netcore's AI-powered MarTech Platform to...
Jul 27, 2023 · KUALA LUMPUR, Malaysia, July 27, 2023 /PRNewswire/ -- Netcore Cloud, a global MarTech provider, is partnering with Senheng App, Malaysia's leading consumer electronics retailer,

2 weeks ago

Good123

IPO Proceeds to be used to upgrade technology infrastructure, existing stores & operations…
Purposes Planned
(RM ’mil)
Actual
(RM ’mil)
Re-allocation
(RM ’mil)
Balance
(RM ’mil)
Estimated time
frame
Enhance customer experience via upgrading and expanding our
chain of retail stores 160.5 (42.8) - 117.7 Within 36 months
of listing
Repayment of bank borrowings 46.0 (46.0) - -
Within 6 months
of listing
Develop new brand distribution business 22.0 (22.0) - -
Within 36
months of listing
Expand and upgrade our warehouse and logistics network 20.0 (20.1) 0.1 -
Within 36
months of listing
Boost our digital infrastructure
• Establish a data lake and upgrading existing technology platform
• Cloud-based disaster recovery system
• Maintenance of our digital infrastructure
9.7 (4.3) - 5.4 Within 36 months
of listing
Listing Expenses 9.3 (9.2) (0.1) -
Within 3 months
of listing
Total 267.5 (144.4) - 123.1

2 weeks ago

Good123

Market yet to appreciate Senheng’s leading position in consumer E&E retailing and resilient proposition…
tech-enabling tools remain its trump card
INVESTMENT MERITS 24
Share Price (@ 1 Sep 2023) RM0.330
Market Cap ('mil) (@ 1 Sep 2023) RM495.0
PE (ttm) 10.3
Price to Book* (x) 0.9
Valuations based on 1.5 billion shares
ESG-focused and brand
affinity builder
Market leader in
consumer E&E products
in Malaysia
Loyal customer base of
>3.0 million a competitive
edge against peers
Tech-driven operations,
aided by BI and Data
Analytics
Adopter of Innovative
Marketing strategies
Visionary Leadership by
Retail Maverick
Enticing valuation
compared to industry
peers

2 weeks ago

Good123

Paid dividends of 1.2 sen per share in FY2022… in line with policy of at least 30% to reward shareholders

#VERY TRANSPARENT

2 weeks ago

Good123

Total NEW Senheng App
downloads of 1.5 million
as of August 2023
• Growing community of 300k
Monthly Active Users (MAU)
• Users can earn valuable S-coins
at any merchant on the Senheng
App and S-Rewards Centre,
bringing more value for users
across the ecosystem
• Enhanced rewards and user
experience driving traffic and
user numbers, boosting Senheng
membership ecosystem
• S-Livestream pillar in
redevelopment to fuel organic
user-generated content and
community building

2 weeks ago

Good123

BUILDING THE SENHENG ECOSYSTEM EXPERIENCE
Our goal: To enhance the Senheng brand experience, by creating an ecosystem
with different verticals that makes being part of the Senheng brand worthwhile. With
the app, Senheng customers get a holistic online and offline experience

2 weeks ago

Good123

Senheng App’s S-Rewards Centre offers satisfying shopping experiences to PlusOne members with
attractive cashback rewards… driving membership growth and heightened ecosystem activity

2 weeks ago

Good123

Expanding brand distribution business with new brands… leveraging the Group’s deep understanding of
consumer electronics and customer preferences
• Brand Distribution
➢ To introduce more
international brands
featuring smart home &
IOT products

2 weeks ago

Good123

grab HAS ACQUIRED JAYA GROCER, IT SHOULD ACQUIRE SENHENG AS WELL.. CHEAP VALUATION NOW & SYNERGY WITH ITS E-HAILING BIZ :)

2 weeks ago

Good123

graB + JAYA GROCER + SENHENG , LOT OF SYNERGIES INDEED... :)

2 weeks ago

Good123

Empowering growth through transforming retail experiences… seamless omnichannel shopping,
nationwide upgrades, and enhanced technology platforms
GROWTH STRATEGIES 8
Territory Champion
Senheng Mobile
AI-enabled
Customer Data Platform
Private Traffic Project

2 weeks ago

Good123

Empowering growth through transforming retail experiences… seamless omnichannel shopping,
nationwide upgrades, and enhanced technology platforms

2 weeks ago

Good123

3-Year
Plan To open 61 new and/or upgraded Territory Champion stores by 2024

2 weeks ago

Good123

IPO price RM1.07, now 31sen.... lelong price

2 weeks ago

warchest

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

1 week ago

warchest

RM500k per person for each management team. That's exorbitant for the level of experiences

1 week ago

Good123

Senheng rm1.07 ipo price --> 31sen

1 week ago

Good123


Terlalu tamak. MWDG harus bertindak, dll.

@@@@@@@@@@@@@@@warchest

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

2 hours ago


warchest

RM500k per person for each management team. That's exorbitant for the level of experiences

2 hours ago

@warchest

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

2 hours ago


warchest

RM500k per person for each management team. That's exorbitant for the level of experiences

2 hours ago

1 week ago

Good123

Details of the Directors’ remuneration for FY2022 in the Group are as follows:-
Company
Fee
RM’000
Salaries,
emoluments,
and statutory
contribution
RM’000
Allowances
RM’000
Bonuses
RM’000
Benefit inkinds
RM’000
Total
RM’000
Senheng New Retail Berhad
Executive Directors
Lim Kim Heng - - - - - -
Lim Kim Chieng - - - - - -
Non-Executive Directors
Lim Kim Yew 60 - - - - 60
Dato’ Yeow Wah Chin 96 - 10 - - 106
Oh Keng Leng 96 - 13 - - 109
Ho Kim Poi 120 - 12 - - 132
Tan Ler Chin 96 - 14 - - 110

1 week ago

Good123

Group
Fee
RM’000
Salaries,
emoluments,
and statutory
contribution
RM’000
Allowances
RM’000
Bonuses
RM’000
Benefit inkinds
RM’000
Total
RM’000
Executive Directors
Lim Kim Heng - 1,383 2 158 24 1,567
Lim Kim Chieng - 1,383 2 158 35 1,578
Non-Executive Directors
Lim Kim Yew 60 - - - - 60
Dato’ Yeow Wah Chin 96 - 10 - - 106
Oh Keng Leng 96 - 13 - - 109
Ho Kim Poi 120 - 12 - - 132
Tan Ler Chin 96 - 14 - - 110

1 week ago

Good123

shareholdings 2023

1. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR SQ DIGITAL SDN BHD (PB)
719,600,000 47.973
2. MAYBANK NOMINEES (TEMPATAN) SDN BHD
MAYBANK PRIVATE WEALTH MANAGEMENT FOR SQ DIGITAL SDN
BHD (12022529) (444327)
150,000,000 10.000
3. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM HENG (PB)
80,300,000 5.353
4. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM YEW (PB)
80,300,000 5.353
5. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM CHIENG (PB)
80,300,000 5.353
6. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD
CIMB BANK BERHAD (EDP 2)
20,000,000 1.333
7. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD (PHEIM)
12,075,900 0.805
8. CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR NORGES BANK (FI 17)
11,148,800 0.743
9. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING
INVESTMENTS SMALL-CAP FUND
10,323,100 0.688
10. YAYASAN ISLAM TERENGGANU 8,000,000 0.533
11. CARTABAN NOMINEES (TEMPATAN) SDN BHD
PRUDENTIAL ASSURANCE MALAYSIA BERHAD FOR PRULINK
STRATEGIC FUND
6,598,000 0.440
12. MAYBANK NOMINEES (TEMPATAN) SDN BHD
MAYBANK TRUSTEES BERHAD FOR DANA MAKMUR PHEIM (211901)
6,281,300 0.419
13. CARTABAN NOMINEES (TEMPATAN) SDN BHD
PAMB FOR PARTICIPATING FUND
5,199,500 0.347
14. MAJLIS AGAMA ISLAM NEGERI SEMBILAN 5,000,000 0.333
15. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
LEMBAGA TABUNG HAJI (AL-WARA’)
4,758,500 0.317
16. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
4,491,700 0.299
17. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LSF)
4,159,400 0.277
18. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LEEF)
3,229,600 0.215
19. ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHIN KUAN WENG
3,002,100 0.200
20. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SHIN KAM SUN

1 week ago

Good123

shareholdings 2023

21. LIM KIM HENG 3,000,000 0.200
22. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING
INVESTMENTS EQUITY INCOME FUND
2,597,200 0.173
23. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
(ESPRING ABSR EQ)
2,378,700 0.159
24. CHIA SEONG POW 2,000,000 0.133
25. KUAN CHOON LIAN 2,000,000 0.133
26. LIM WEE CHAI 2,000,000 0.133
27. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LPF)
1,979,700 0.132
28. DZUHAIRI BIN JAAFAR THANI 1,963,800 0.131
29. MEDILIANCE (M) SDN BHD 1,940,000 0.129
30. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
EXEMPT AN FOR AHAM ASSET MANAGEMENT BERHAD
(TSTAC/CLNTT)
1,934,500 0.129
Analysis of Shareholdings
as at 31 March 2023
D. L

1 week ago

Good123

5-Year Group Financial Highlights
Financial Highlights 1,172,301
61,063
500,865
1,144,862
49,559
587,234
1,294,769
55,637
656,912
1,444,115
65,256
702,897
1,562,219
60,522
850,440
REVENUE
(RM’ 000)
NET PROFIT ATTRIBUTABLE TO
SHAREHOLDERS
(RM’ 000)
TOTAL ASSETS
(RM’ 000)
FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022
Financial Summary 2018 2019 2020 2021 2022
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER (RM’000)
Revenue 1,172,301 1,144,862 1,294,769 1,444,115 1,562,219
Gross Profit 261,623 245,340 270,001 303,648 340,794
Earnings before Interest, Tax, Depreciation
and Amortisation
113,730 101,300 113,792 127,022 130,962
Profit Before Tax 74,983 61,486 73,615 84,524 85,261
Net Profit Attributable to Shareholders 61,063 49,559 55,637 65,256 60,522
AS AT 31 DECEMBER (RM’000)
Total Shareholders' Fund 85,540 122,862 166,206 233,664 529,122
Total Assets 500,865 587,234 656,912 702,897 850,440
Total Current Assets 281,209 321,071 367,385 431,770 539,671
Total Liabilities 415,325 464,372 490,706 469,233 321,318
Total Borrowings 16,500 45,044 55,192 56,997 24,000
Cash and Bank Balances 23,735 54,412 68,755 51,742 155,492
Net Gearing Ratio N/A N/A N/A 2.3% N/A

1 week ago

Good123

Lim Kim Heng
Non-Independent Executive Chairman
Malaysian Age 62 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Pre-university studies at Tunku Abdul Rahman College in
1980
Member of the Institute of Corporate Directors Malaysia
(“ICDM”) since August 2021

1 week ago

Good123

Lim Kim Chieng
President/Non-Independent Executive Director
Malaysian Age 64 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Pre-university studies at Tunku Abdul Rahman College
in 1979
Member of ICDM since August 2021

1 week ago

Good123

Lim Kim Yew
Non-Independent Non-Executive Director
Malaysian Age 61 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Secondary school education at SMK Sultan Sulaiman
Shah, Selangor in 1980
Member of ICDM since August 2021

1 week ago

Good123

Oh Keng Leng
Independent Non-Executive Director
Malaysian Age 55 Male
Chairperson of Remuneration Committee
Member of Audit and Risk Management Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Commerce degree from University of
Melbourne, Australia in 1992
Member of both the Malaysian Institute of Accountants
and CPA Australia since 1995
Member of ICDM since August 2021

1 week ago

Good123

Dato’ Yeow Wah Chin
Independent Non-Executive Director
Malaysian Age 63 Male
Chairperson of Nomination Committee
Member of Remuneration Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Economics (Honours) degree from Universiti
Kebangsaan Malaysia in 1984
Bachelor of Laws (Honours) degree from University
College of Wales, Aberystwyth, United Kingdom in 1991
Called to the Malaysian Bar as an advocate and solicitor
in 1993
Member of ICDM since August 2021

1 week ago

Good123

Ho Kim Poi
Independent Non-Executive Director
Malaysian Age 60 Female
Chairperson of Audit and Risk Management Committee
Member of Nomination Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Science degree from University of Adelaide,
Australia in 1987
Master of Business Administration from the University of
Lincoln, United Kingdom in 2001
Member of the Malaysian Institute of Accountants and
CPA Australia since 1990 and 1991 respectively
Member of ICDM since August 2021

1 week ago

Good123

Tan Ler Chin
Independent Non-Executive Director
Malaysian Age 63 Female
Member of Audit and Risk Management Committee
Member of Nomination Committee
Member of Remuneration Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Economics (Honours) degree from Universiti
Kebangsaan Malaysia in 1983
Member of ICDM since August 2021

1 week ago

Good123

Academic/Professional Qualification(s):
Fellow member of Association of Chartered Certified Accountants
Member of Malaysian Institute of Accountants
Mr. Mah joined Senheng Electric (KL) Sdn Bhd in 2008 as the Head of
Finance Division, and was later promoted to hold the position of Chief
Financial Officer in 2016. Since 6 December 2022, Mr. Mah is a Senior
Vice President of Human Resource, Admin and Corporate Compliance
Divisions to Senheng New Retail Berhad’s Group.
Mr. Mah has more than 25 years of experience in the manufacturing
and retail industries with a focus in areas covering finance & accounting,
corporate finance, corporate management, governance, risk management
and compliance

1 week ago

Good123

Kiew Kor Shin
Chief Financial Officer /
Vice President of Finance
Phang Weng Nam
Senior Vice President of
Digital Commerce and Supply Chain
Academic/Professional Qualification(s):
Fellow member of Association of Chartered Certified Accountants
Member of Malaysian Institute of Accountants
Mr. Mah joined Senheng Electric (KL) Sdn Bhd in 2008 as the Head of
Finance Division, and was later promoted to hold the position of Chief
Financial Officer in 2016. Since 6 December 2022, Mr. Mah is a Senior
Vice President of Human Resource, Admin and Corporate Compliance
Divisions to Senheng New Retail Berhad’s Group.
Mr. Mah has more than 25 years of experience in the manufacturing
and retail industries with a focus in areas covering finance & accounting,
corporate finance, corporate management, governance, risk management
and compliance.
Academic/Professional Qualification(s):
Member of Association of Chartered Certified Accountants
Member of Malaysian Institute of Accountants
Ms. Kiew began her career as an account executive in Senheng Electric
(KL) Sdn Bhd and was promoted as Head of Department for Corporate
Accounts Department in 2014 to 2019. She was then promoted to hold
the position as Division Head of Finance to Senheng New Retail Berhad’s
Group (the “Group”). She was promoted as a Vice President of Finance
on 1 June 2022 and was subsequently appointed to hold the position as
a Chief Financial Officer of the Group on 1 July 2022.
Ms. Kiew is a Chartered Certified Accountant with over 8 years of
experience in corporate accounting, financial planning, and analysis.
As the Chief Financial Officer, she oversees the overall finance-related
matters for the Group, including financial compliance, reporting, and
funding. She has a solid background in managing treasury, tax, and audit
matters and has a track record of successful financial management and
planning.
Academic/Professional Qualification(s):
Bachelor of Science (Human Resource Development), Universiti
Teknologi Malaysia
Mr. Phang began his career and joined Senheng Electric (KL) Sdn Bhd as
an operation and sales executive in 2004. Over the years, Mr. Phang held
the position as Division Head for Digital Gadgets and was subsequently
promoted to become Vice President of Digital Commerce in September
2020. Since 1 June 2022, Mr. Phang holds the position as a Senior Vice
President of Digital Commerce and Supply Chain.
Mr. Phang has more than 16 years of experience in supply chain
management, digital commerce, and operations. He is responsible for
driving the growth of our Group’s online business and implementing
supply chain strategies to enhance operational efficiency.
Age 50
Male
Malaysian
Age 32
Female
Malaysian
Age 42
Male
Malaysian

1 week ago

Good123



5305 SENHENG SENHENG NEW RETAIL BERHAD
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
SENHENG NEW RETAIL BERHAD ("SENHENG" OR THE "COMPANY")(I) ACQUISITION OF LAND
TOGETHER WITH THE BUILDINGS ERECTED THEREON, WHICH IS CURRENTLY BEING USED AS A
CENTRAL DISTRIBUTION CENTRE, FOR A PURCHASE CONSIDERATION OF RM75.8 MILLION TO
BE SATISFIED ENTIRELY IN CASH ("ACQUISITION"); AND (II) VARIATION OF THE
UTILISATION OF PROCEEDS RAISED FROM THE COMPANY'S INITIAL PUBLIC OFFERING
("VARIATION")(COLLECTIVELY, REFERRED TO AS THE "CORPORATE EXERCISES")
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

22/12/2023 07:00 AM


Ref Code: 202312223000211

1 week ago

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