【HHHCORP 0160 交流专区】协发控股

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-03012020-00001
Subject	PROPOSED ACQUISITION OF AN INDUSTRIAL LAND ("LAND") WITHIN AN ONGOING DEVELOPMENT PROJECT KNOWN AS PULAU INDAH INDUSTRIAL PARK HELD UNDER MASTER TITLE NO. P.N 112462, LOT NO. 159227, IN THE DISTRICT AND MUKIM OF KLANG, STATE OF SELANGOR DARUL EHSAN FOR A TOTAL CASH CONSIDERATION OF RM11,965,932.00 ("PROPOSED ACQUISITION")
Description	HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY")PROPOSED ACQUISITION OF AN INDUSTRIAL LAND WITHIN AN ONGOING DEVELOPMENT PROJECT KNOWN AS PULAU INDAH INDUSTRIAL PARK HELD UNDER MASTER TITLE NO. P.N 112462, LOT NO. 159227, IN THE DISTRICT AND MUKIM OF KLANG, STATE OF SELANGOR DARUL EHSAN FOR A TOTAL CASH CONSIDERATION OF RM11,965,932.00 ("PROPOSED ACQUISITION")
Query Letter Contents	We refer to your Company’s announcement dated 30 December 2019, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.        The direct and indirect shareholdings of Central Spectrum (M) Sdn Bhd ("CSSB")'s directors in CSSB or a negative statement. 2.        The net book value of the Land based on latest audited financial statements of CSSB. 3.        The encumbrances on the Land, if any. 4.        The schedule of payment for the balance purchase consideration of RM9,572,745.60. 5.        The effect of the Proposed Acquisition on the earnings per share of the Hiap Huat Holdings Berhad Group for the financial year ending 31 December 2020 or a negative statement. 6.        The prospects of the Land. 7.        Whether any valuation was carried out on the Land; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.
We refer to our announcement dated 30 December 2019 (“Announcement”) and the query from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 3 January 2020 (“Bursa Query”) in relation to the SPA entered between HHCSB and CSSB . Unless otherwise defined, the terms used herein shall have the same meaning as defined in the announcement dated 30 December 2019. The Board of Directors of HHH wishes to furnish additional information as stated in the attachment. Please refer to the attachment for the additional information. This announcement is dated 6 Janauary 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3014321

Attachments HHH- Reply Query (att).pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	HIAP HUAT HOLDINGS BERHAD ("HHH" OR "THE COMPANY")PROPOSED ACQUISITION OF AN INDUSTRIAL LAND WITHIN AN ONGOING DEVELOPMENT PROJECT KNOWN AS PULAU INDAH INDUSTRIAL PARK HELD UNDER MASTER TITLE NO. P.N 112462, LOT NO. 159227, IN THE DISTRICT AND MUKIM OF KLANG, STATE OF SELANGOR DARUL EHSAN FOR A TOTAL CASH CONSIDERATION OF RM11,965,932.00 ("PROPOSED ACQUISITION")
We refer to the earlier announcement dated 30 December 2019 and 6 January 2020 respectively in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions used herein shall be the same as those defined in the earlier announcements in relation to the Proposed Acquisition. The Board of Directors of HHH wishes to furnish additional information in relation to the schedule of payment for the Balance Purchase Consideration of RM9,572,745.60, as follows: 80% Balance Payment              RM a) The Commencement of Earthworks 15%          1,794,889.80 b) The Completion of Earthworks 20%          2,393,186.40 c) The Completion of Drains excluding Drain Crossings 10%          1,196,593.20 d) The Completion of Roads 10%          1,196,593.20 e) The Completion of Water Reticulation Mains 10%          1,196,593.20 f) The Completion of Electrical Substations       5%             598,296.60 g) The Completion of Telephone Ductworks and Manholes    5%             598,296.60 h) Upon Handling over of Vacant Possession    5%             598,296.60   80%          9,572,745.60 The Balance Purchase Consideration of RM9,572,745.60 shall be paid by HHCSB to CSSB by way of progressive payments. Each payment shall be paid by HHCSB to CSSB within fourteen (14) days from the date of the notice from CSSB requesting the same. However, CSSB has agreed to issue such notices requesting the payment only after the individual title to the said Lot is issued by the relevant State Authority and ready for transfer to the HHCSB, which is expected to be completed in August 2020. This announcement is dated 9 January 2020.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	13,279	16,534	51,062	53,323
2	Profit/(loss) before tax	340	474	3,208	2,230
3	Profit/(loss) for the period	-649	-34	1,897	1,564
4	Profit/(loss) attributable to ordinary equity holders of the parent	-649	-27	1,897	1,941
5	Basic earnings/(loss) per share (Subunit)	-0.20	-0.01	0.57	0.58
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 ($$)	0.2000		0.1700

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	11,888	15,184	11,888	15,184
2	Profit/(loss) before tax	465	1,792	465	1,792
3	Profit/(loss) for the period	422	1,667	422	1,667
4	Profit/(loss) attributable to ordinary equity holders of the parent	422	1,667	422	1,667
5	Basic earnings/(loss) per share (Subunit)	0.13	0.50	0.13	0.50
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 ($$)	0.2000		0.2000

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Notice of Person Ceasing (Section 139 of CA 2016)

HIAP HUAT HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	BU YAW SENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	BU YAW SENG
Date of cessation	20 Jul 2020

No of securities disposed	5,534,500
Circumstances by reason of which a person ceases to be a substantial shareholder	Ceased to be substantial shareholder due to disposal of 5,534,500 ordinary shares via open market transaction
Nature of interest	Direct Interest
Date of notice	20 Jul 2020
Date notice received by Listed Issuer	20 Jul 2020

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	6,263	11,653	18,151	26,837
2	Profit/(loss) before tax	-2,487	642	-2,022	2,434
3	Profit/(loss) for the period	-2,444	376	-2,022	2,043
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,444	381	-2,022	2,048
5	Basic earnings/(loss) per share (Subunit)	-0.74	0.12	-0.61	0.62
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 ($$)	0.1900		0.2000

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	10,059	10,946	28,210	37,783
2	Profit/(loss) before tax	334	413	-1,688	2,847
3	Profit/(loss) for the period	475	482	-1,547	2,525
4	Profit/(loss) attributable to ordinary equity holders of the parent	475	488	-1,547	2,531
5	Basic earnings/(loss) per share (Subunit)	0.14	0.15	-0.47	0.76
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 ($$)	0.1900		0.2000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	25,856	10,059	48,751	28,210
2	Profit/(loss) before tax	2,645	334	5,542	-1,688
3	Profit/(loss) for the period	1,991	475	4,205	-1,547
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,017	475	4,263	-1,547
5	Basic earnings/(loss) per share (Subunit)	0.55	0.14	1.24	-0.47
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 ($$)	0.1900		0.1900

icy97

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	27,119	17,695	48,295	39,050
2	Profit/(loss) before tax	2,224	1,132	2,833	2,411
3	Profit/(loss) for the period	705	798	1,096	1,697
4	Profit/(loss) attributable to ordinary equity holders of the parent	701	689	1,125	1,591
5	Basic earnings/(loss) per share (Subunit)	0.18	0.17	0.28	0.40
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 ($$)	0.2300		0.2300

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HIAP HUAT HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	DATIN CHOW PUI LING
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Share

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	01 Oct 2024	9,837,000	Acquired	Direct Interest
	Name of registered holder	DATIN CHOW PUI LING
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of ordinary shares via off market
Nature of interest	Direct Interest
Direct (units)	13,200,220
Direct (%)	3.34
Indirect/deemed interest (units)	69,026,460
Indirect/deemed interest (%)	17.47
Total no of securities after change	82,226,680
Date of notice	02 Oct 2024
Date notice received by Listed Issuer	02 Oct 2024