| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | ACQUISITION OF PROPERTY BY JHM CONSOLIDATION BERHAD FOR A TOTAL CASH CONSIDERATION OF RM20,900,000.00 |
We refer to the announcement dated 6 September 2024 (“Initial Announcement”) (reference number: GA1-02092024-00043) and 10 September 2024 (reference number: GA1-10092024-00019) in respect of the above subject matter.
Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Initial Announcement.
The Board of Directors of the Company wishes to provide herewith the following additional information in relation to the Acquisition: –
1. The management has obtained an indicative market value on 5 September 2024 for the Property from a registered valuer, Solid Real Estate Consultants Sdn Bhd [201201032652 (1017140-W)] (“the Valuer”), which amounted to approximately RM20.90 million.
The Property was valued at RM20.90 million based on the valuation certificate dated 9 September 2024, issued by the Valuer using the comparison approach and cost approach of valuation.
2. A copy of the valuation certificate dated 9 September 2024 is available for inspection at the registered office of JHM at Suite 16.06, MWE Plaza, No. 8 Lebuh Farquhar, 10200 George Town, Pulau Pinang during office hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.
This announcement is dated 12 September 2024.