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IPO Prospectus

SIN-KUNG LOGISTICS BERHAD

Subject

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (I) PUBLIC ISSUE OF 200,000,000 NEW ORDINARY SHARES IN THE COMPANY ("SHARES") IN THE FOLLOWING MANNER: -60,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; -45,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP; AND -95,000,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY ("MITI"); AND (II) OFFER FOR SALE OF 103,500,000 EXISTING SHARES IN THE FOLLOWING MANNER: -55,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY MITI; AND -48,500,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.13 PER SHARE, PAYABLE IN FULL UPON APPLICATION

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3438839

Attachments Sin-Kung Logistics Berhad - Prospectus (Part 1).pdf Sin-Kung Logistics Berhad - Prospectus (Part 2).pdf Sin-Kung Logistics Berhad - Prospectus (Part 3).pdf Sin-Kung Logistics Berhad - Detailed Procedures for E-IPO Share Application and Acceptance.pdf

Opening of application	18 Apr 2024
Closing of application	02 May 2024
Balloting of application	06 May 2024
Allotment of IPO shares to successful applicants	13 May 2024
Tentative listing date	15 May 2024

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Type	Announcement
Subject	OTHERS
Description	SIN-KUNG LOGISTICS BERHAD ("SKL" OR THE "COMPANY")LISTING OF SKL ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("LISTING")
(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those stated in the Prospectus dated 18 April 2024 in relation to the Listing) M & A Securities Sdn Bhd, on behalf of the Board, wishes to announce the following with regards to the Listing: (a) Level of subscription; (b) Basis of allotment/allocation; (c) Distribution of the private placement tranche; and (d) Disclosure of placees who become substantial shareholder of SKL arising from the Listing, if any. Further details of the above are set out in the attachment. This announcement is dated 6 May 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3445295

Attachments SKL - Subscription rate.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2024	31 Mar 2023	31 Mar 2024	31 Mar 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	12,197	0	12,197	0
2	Profit/(loss) before tax	448	0	448	0
3	Profit/(loss) for the period	224	0	224	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	226	0	226	0
5	Basic earnings/(loss) per share (Subunit)	0.02	0.00	0.02	0.00
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 ($$)	0.0600		0.0600

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SIN-KUNG LOGISTICS BERHAD

Date of Listing	15 May 2024
Enlarged Issued Share Capital in the following
Units	1,200,000,000
Currency	Malaysian Ringgit (MYR)
Par Value($$) (if applicable)
Enlarged Issued Share Capital ($$)	34,000,000.000
Stock Code	0305
Stock Name	SINKUNG
ISIN code	MYQ0305OO001
Board	ACE Market
Bursa Sector	TRANSPORTATION & LOGISTICS
Bursa Sub Sector	TRANSPORTATION & LOGISTICS SERVICES
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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SIN-KUNG LOGISTICS BERHAD

Particulars of substantial Securities Holder

Name	MR ALAN ONG LAY WOOI
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 May 2024	41,400,000	Disposed	Direct Interest
	Name of registered holder	Alan Ong Lay Wooi
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering ("IPO")
Nature of interest	Direct Interest
Direct (units)	357,600,000
Direct (%)	29.8
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	357,600,000
Date of notice	15 May 2024
Date notice received by Listed Issuer	15 May 2024

Name	MISS ANGELINE ONG LAY SHEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 May 2024	20,700,000	Disposed	Direct Interest
	Name of registered holder	Angeline Ong Lay Shee
	Description of "Others" Type of Transaction
2	13 May 2024	41,400,000	Disposed	Indirect Interest
	Name of registered holder	Lille Management Sdn Bhd
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering ("IPO")
Nature of interest	Direct and Indirect Interest
Direct (units)	178,800,000
Direct (%)	14.9
Indirect/deemed interest (units)	357,600,000
Indirect/deemed interest (%)	29.8
Total no of securities after change	536,400,000
Date of notice	15 May 2024
Date notice received by Listed Issuer	15 May 2024

Name	LILLE MANAGEMENT SDN BHD
Address	Room B, 3rd Floor 309-K Perak Road Georgetown 10150 Pulau Pinang Malaysia.
Company No.	202101018757 (1419057-T)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 May 2024	41,400,000	Disposed	Direct Interest
	Name of registered holder	Lille Management Sdn Bhd
	Address of registered holder	Room B, 3rd Floor 309-K Perak Road 10150 Georgetown Pulau Pinang
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering ("IPO")
Nature of interest	Direct Interest
Direct (units)	357,600,000
Direct (%)	29.8
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	357,600,000
Date of notice	15 May 2024
Date notice received by Listed Issuer	15 May 2024

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,390	0	25,587	0
2	Profit/(loss) before tax	951	0	1,399	0
3	Profit/(loss) for the period	480	0	704	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	478	0	704	0
5	Basic earnings/(loss) per share (Subunit)	0.04	0.00	0.06	0.00
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 ($$)	0.0700		0.0600

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SIN-KUNG LOGISTICS BERHAD - PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PRIMA AIR SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM20,700,000
The Board of Directors of Sin-Kung Logistics Berhad (“SKL” or the “Company”) wishes to announce that SKL had on 2 October 2024 entered into a share sale agreement (“SSA”) with Tan Sri Dato’ Halim Bin Mohammad and Puan Sri Datin Mazmin Binti Noordin for the acquisition of 20,000,000 ordinary shares in Prima Air Sdn. Bhd. ("PASB"), representing the entire equity interest in PASB, for a purchase consideration of RM20,700,000, to be satisfied in cash (“Proposed Acquisition”). Upon completion of the Proposed Acquisition, PASB will be a wholly-owned subsidiary of SKL. Further details are set out in the attachment. This announcement is dated 2 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3488473

Attachments SKL - Proposed Acquisition of PASB.pdf

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SIN-KUNG LOGISTICS BERHAD - ADDITIONAL INFORMATION ON PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN PRIMA AIR SDN. BHD. FOR A PURCHASE CONSIDERATION OF RM20,700,000
Reference is made to the announcement dated 2 October 2024 in relation to the Proposed Acquisition. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the previous announcement. The Board of Directors of SKL wishes to provide additional information in relation to the Proposed Acquisition. Further details are set out in the attachment. This announcement is dated 4 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3489267

Attachments SKL - Additional Information on Proposed Acquisition of PASB.pdf