【HARNLEN 7501 交流专区】汉联机构

icy97

HARN LEN CORPORATION BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	HARN LEN CORPORATION BHD ("HLCB" OR THE "COMPANY") PROPOSED PRIVATE PLACEMENT OF UP TO 7,000,000 HLCB SHARES REPRESENTING APPROXIMATELY 4% OF THE TOTAL NUMBER OF ISSUED SHARES OF HLCB IN ACCORDANCE WITH THE GENERAL MANDATE PURSUANT TO SECTION 75 AND SECTION 76 OF THE COMPANIES ACT, 2016 ("PROPOSED PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal	7,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.4000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	192,477,159
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 201,180,013.000
Listing Date	14 Jul 2020

icy97

icy97 发表于 7-6-2019 02:51 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6144753

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	HARN LEN CORPORATION BHDPROPOSED DISPOSAL OF THE PLANTATION ASSETS SITUATED IN THE DISTRICT OF ROMPIN, PAHANG, MEASURING APPROXIMATELY 2,124.5 HECTARES TO FAR EAST HOLDINGS BERHAD ("FAR EAST" OR THE "BUYER"), FOR A TOTAL CASH CONSIDERATION OF APPROXIMATELY RM183.0 MILLION ("PROPOSED LH DISPOSAL")
This announcement is dated 26 August 2020. Reference is made to the announcements dated 29 April 2019, 18 June 2019, 25 July 2019, 29 January 2020, 20 April 2020, 27 May 2020 and 24 August 2020 in relation to the Proposed LH Disposal (“Earlier Announcements”). Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Earlier Announcements. On behalf of the Board, AmInvestment Bank wishes to announce that HLCB had on 25 August 2020, received the Balance Disposal Consideration in relation to the Proposed LH Disposal.  Accordingly, the Proposed LH Disposal was completed on 25 August 2020.

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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	18,962	17,849	46,662	43,615
2	Profit/(loss) before tax	-6,275	-12,009	-14,779	-21,337
3	Profit/(loss) for the period	-6,336	-11,899	-15,514	-21,102
4	Profit/(loss) attributable to ordinary equity holders of the parent	-5,775	-11,284	-14,438	-19,929
5	Basic earnings/(loss) per share (Subunit)	-3.33	-6.51	-8.34	-11.51
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 ($$)	1.2300		1.3000

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LOW NAM HUI UNITED HOLDINGS SDN BHD
Address	6th Floor, Johor Tower No. 15 Jalan Gereja Johor Bahru 80100 Johor Malaysia.
Company No.	200801037948 (839293-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	03 Sep 2020	7,000,000	Acquired	Direct Interest
	Name of registered holder	Low Nam Hui United Holdings Sdn Bhd
	Address of registered holder	6th Floor, Johor Tower No. 15 Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 7,000,000 shares by Low Nam Hui United Holdings Sdn Bhd through open market at RM0.70
Nature of interest	Direct Interest
Direct (units)	41,765,679
Direct (%)	22.63
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	41,765,679
Date of notice	08 Sep 2020
Date notice received by Listed Issuer	08 Sep 2020

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LOW NAM HUI UNITED HOLDINGS SDN BHD
Address	6th Floor, Johor Tower No. 15 Jalan Gereja Johor Bahru 80100 Johor Malaysia.
Company No.	200801037948 (839293-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	07 Sep 2020	5,500,000	Acquired	Direct Interest
	Name of registered holder	Low Nam Hui United Holdings Sdn Bhd
	Address of registered holder	6th Floor, Johor Tower No. 15 Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 5,500,000 shares by Low Nam Hui United Holdings Sdn Bhd through open market at RM0.665
Nature of interest	Direct Interest
Direct (units)	47,265,679
Direct (%)	25.61
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	47,265,679
Date of notice	10 Sep 2020
Date notice received by Listed Issuer	10 Sep 2020

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HARN LEN CORPORATION BHD

Entitlement subject	Special Dividend
Entitlement description	Special Dividend of 10 sen per ordinary share in Harn Len Corporation Bhd for the financial year ending 31 December 2020.
Ex-Date	28 Sep 2020
Entitlement date	29 Sep 2020
Entitlement time	5:00 PM
Financial Year End	31 Dec 2020
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	28 Oct 2020
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	29 Sep 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.1000

Name	LOW NAM HUI UNITED HOLDINGS SDN BHD
Address	6th Floor, Johor Tower No. 15 Jalan Gereja Johor Bahru 80100 Johor Malaysia.
Company No.	200801037948 (839293-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	05 Nov 2020	5,000,000	Acquired	Direct Interest
	Name of registered holder	Low Nam Hui United Holdings Sdn Bhd
	Address of registered holder	6th Floor, Johor Tower No. 15 Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 5,000,000 shares by Low Nam Hui United Holdings Sdn Bhd through open market at RM0.590
Nature of interest	Direct Interest
Direct (units)	52,265,679
Direct (%)	28.15
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	52,265,679
Date of notice	05 Nov 2020
Date notice received by Listed Issuer	05 Nov 2020

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	36,143	30,228	82,805	73,842
2	Profit/(loss) before tax	126,718	-6,804	111,939	-28,140
3	Profit/(loss) for the period	113,413	-7,587	97,899	-28,688
4	Profit/(loss) attributable to ordinary equity holders of the parent	113,282	-6,982	98,444	-26,911
5	Basic earnings/(loss) per share (Subunit)	60.08	-4.03	52.54	-15.54
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 ($$)	1.6500		1.3000

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BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS HARN LEN CORPORATION BHD AND 5 DIRECTORS

HARN LEN CORPORATION BHD

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded Harn Len Corporation Bhd (HARNLEN) and 5 of its directors for breach of Bursa Malaysia Securities Main Market Listing Requirements (Main LR).

HARNLEN was publicly reprimanded for breach of paragraph 9.35A(1)(a) of the Main LR for failing to ensure that the company’s 4th quarterly report for the financial year ended (FYE) 31 December 2019 (QR Dec 2019) announced on 27 February 2020 took into account the adjustments announced on 30 June 2020.

Paragraph 9.35A(1)(a) of the Main LR states that a listed issuer must ensure that the announcement made was factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable securities holders and investors to make informed investment decisions.

HARNLEN was also required to review and ensure the adequacy and effectiveness of its financial reporting function including its finance and accounting resources and carry out a limited review on the company’s quarterly report submission. The limited review must be performed by the company’s external auditors for four quarterly reports commencing no later from the quarterly report for the financial period ended 31 December 2021. In addition, HARNLEN must ensure that the 5 directors and its relevant personnel attend a training programme in relation to compliance with the Main LR pertaining to financial statements.

5 directors of HARNLEN were publicly reprimanded for breach of paragraph 16.13(b) of the Main LR for permitting, either knowingly or where they had reasonable means of obtaining such knowledge, the company to commit the breach of paragraph 9.35A(1)(a) of the Main LR as follows:-

1.  Low Quek Kiong

     Managing Director

2.  Loh Wann Yuan

     Senior Independent Non-Executive Director & Audit Committee Chairman

3.  Brig. Jen. (B) Dato’ Ali Bin Hj Musa

     Independent Non-Executive Director & Audit Committee member

4.  Law Piang Woon

     Independent Non-Executive Director & Audit Committee member

5.  Mohamed Akwal Bin Sultan Mohamad

     Independent Non-Executive Director & Audit Committee member

The finding of breach and imposition of the above penalty on HARNLEN and its directors were made pursuant to paragraph 16.19 of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the materiality of the breach, impact of the breach to HARNLEN and its shareholders or investors, the roles, responsibilities, knowledge and conduct of the directors and the fact that HARNLEN had previously committed similar breach in respect of the deviation between the unaudited and audited results for the FYE 31 December 2016 (Previous Deviation Breach).

Bursa Malaysia Securities views the contravention seriously as the requirement for listed companies to submit financial statements that are factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed decisions are fundamental obligations of listed companies and of paramount importance in ensuring a fair and orderly market for securities traded on Bursa Malaysia Securities and necessary to aid informed investment decisions.

BACKGROUND

HARNLEN had reported an unaudited loss attributable to owners of the company of RM30.055 million in its QR Dec 2019 announced on 27 February 2020. However, HARNLEN had subsequently reported an audited loss attributable to owners of the company of RM58.291 million in its audited financial statements for the FYE 31 December 2019 (AFS 2019) announced on 30 June 2020 which represented a difference of RM28.23 million or 94% between the QR Dec 2019 and AFS 2019.

The adjustments were mainly due to the impairment loss on property, plant & equipment (PPE) and right-of-use of assets for Masranti Sebangkoi Sdn. Bhd. and Harn Len Reality (Serian) Sdn. Bhd. as set out in the company’s announcement on 30 June 2020.

The external auditors had during the Audit Committee meetings on 26 November 2019 and 26 February 2020 highlighted that the carrying amounts of the PPE were identified as one of the significant risks as these were quantitively material to the Group’s financial statements and there were impairment indicators. However, HARNLEN had failed to take reasonable steps to address or resolve the impairment issues with the external auditors and ensure the accuracy of the QR Dec 2019 prior to its announcement on 27 February 2020.
The adjustments were made as the external auditors were unable to obtain sufficient appropriate audit evidence on the recoverable amount of the assets particularly to ascertain the appropriateness of the method of valuation and reasonableness of the assumptions adopted by the external valuer in the valuation report or the company’s discounted cash flow computation on the value in use of the assets. In addition, the company’s discounted cash flow computation contained formula error.

There was blatant failure, neglect or disregard by the directors in the discharge of their duties to ensure that the QR Dec 2019 complied with paragraph 9.35A(1)(a) of the Main LR where:-

1.  Low Quek Kiong, the Managing Director primarily responsible for the financial management of the company for the FYE 31 December 2019 had failed to demonstrate reasonable steps taken to discharge his duties to supervise, monitor and ensure the audit issues including the impairment of PPE were addressed or resolved with the external auditors prior to his approval and announcement of the QR Dec 2019.  He had abdicated his duties and merely relied on the financial controller, chief financial officer, the Audit Committee and/or external auditors to report any concern or exception.

2.  Loh Wann Yuan, Brig. Jen. (B) Dato’ Ali Bin Hj Musa, Law Piang Woon and Mohamed Akwal Bin Sultan Mohamad were members of the Audit Committee who have the specific function under paragraph 15.12(1)(g) of the Main LR to review the quarterly results and year-end financial statements, before the approval by the Board of Directors, focusing particularly on (i) changes in or implementation of major accounting policy changes; (ii) significant matters highlighted including financial reporting issues, significant judgments made by management, significant and unusual events or transactions, and how these matters are addressed; and (iii) compliance with accounting standards and other legal requirements.

Despite their knowledge of the audit issue highlighted by the external auditors, they had proceeded to approve the QR Dec 2019 without undertaking any enquiry and/or reasonable assessment into the valuations and/or the management’s computation on the value in use of the assets.

The directors’ failure in the discharge of their duties was unacceptable particularly as they were the directors at the material time of the Previous Deviation Breach which led to a public reprimand being imposed on HARNLEN on 11 April 2018.

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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	72,002	36,143	160,727	82,805
2	Profit/(loss) before tax	-184	126,718	-8,274	111,939
3	Profit/(loss) for the period	-433	113,413	-8,555	97,899
4	Profit/(loss) attributable to ordinary equity holders of the parent	-558	113,282	-7,930	98,844
5	Basic earnings/(loss) per share (Subunit)	-0.29	60.08	-4.16	52.54
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 ($$)	1.6400		1.6500

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LOW NAM HUI UNITED HOLDINGS SDN BHD
Address	6th Floor, Johor Tower No. 15 Jalan Gereja Johor Bahru 80100 Johor Malaysia.
Company No.	200801037948 (839293-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	29 Nov 2021	8,000,000	Disposed	Direct Interest
	Name of registered holder	Low Nam Hui United Holdings Sdn Bhd
	Address of registered holder	6th Floor, Johor Tower No. 15 Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 8,000,000 ordinary shares through open market at RM0.605
Nature of interest	Direct Interest
Direct (units)	44,265,679
Direct (%)	21.86
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	44,265,679
Date of notice	02 Dec 2021
Date notice received by Listed Issuer	02 Dec 2021

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Change in Financial Year End

HARN LEN CORPORATION BHD

Old financial year end	31 Dec 2022
New financial year end	31 May 2023

Remarks :

The Board of Directors of Harn Len Corporation Bhd ("the Company") has approved the change of financial year of the Company from 31 December to 31 May. The next financial year shall be made up from 1 January 2022 to 31 May 2023, covering a period of 17 months. The rationale is to allow for better resource management of financial reporting and audit.

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LNH ENTERPRISE SDN. BHD.
Address	6th Floor, Johor Tower, No. 15 Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	199401037627 (323309-K)
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	25 Sep 2023	6,540,000	Disposed	Direct Interest
	Name of registered holder	LNH Enterprise Sdn. Bhd.
	Address of registered holder	6th Floor, Johor Tower, No. 15 Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 6,540,000 ordinary shares through open market at RM0.650.
Nature of interest	Direct Interest
Direct (units)	119,930,567
Direct (%)	21.233
Indirect/deemed interest (units)	2,380,000
Indirect/deemed interest (%)	0.421
Total no of securities after change	122,310,567
Date of notice	25 Sep 2023
Date notice received by Listed Issuer	25 Sep 2023

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LNH ENTERPRISE SDN. BHD.
Address	6th Floor, Johor Tower, No. 15 Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	199401037627 (323309-K)
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	01 Mar 2024	6,250,000	Acquired	Direct Interest
	Name of registered holder	LNH Enterprise Sdn. Bhd.
	Address of registered holder	6th Floor Johor Tower, No .15 , Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 6,250,000 ordinary shares through direct deal at RM0.40.
Nature of interest	Direct Interest
Direct (units)	130,244,567
Direct (%)	23.089
Indirect/deemed interest (units)	2,000,000
Indirect/deemed interest (%)	0.355
Total no of securities after change	132,244,567
Date of notice	01 Mar 2024
Date notice received by Listed Issuer	01 Mar 2024

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Name	LNH ENTERPRISE SDN. BHD
Address	6th Floor, Johor Tower, No. 15 Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	199401037627 (323309-K)
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	05 Mar 2024	6,700,000	Acquired	Direct Interest
	Name of registered holder	LNH Enterprise Sdn. Bhd.
	Address of registered holder	6th Floor Johor Tower, No .15 , Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 6,700,000 ordinary shares through direct deal at RM0.45.
Nature of interest	Direct Interest
Direct (units)	136,944,567
Direct (%)	24.277
Indirect/deemed interest (units)	2,000,000
Indirect/deemed interest (%)	0.355
Total no of securities after change	138,944,567
Date of notice	05 Mar 2024
Date notice received by Listed Issuer	05 Mar 2024

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LNH ENTERPRISE SDN. BHD.
Address	6th Floor, Johor Tower, No. 15 Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	199401037627 (323309-K)
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	22 Apr 2024	7,500,000	Disposed	Direct Interest
	Name of registered holder	LNH Enterprise Sdn. Bhd.
	Address of registered holder	6th Floor Johor Tower, No .15 , Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of 7,500,000 ordinary shares through direct deal at RM0.24.
Nature of interest	Direct Interest
Direct (units)	135,692,467
Direct (%)	24.075
Indirect/deemed interest (units)	2,000,000
Indirect/deemed interest (%)	0.355
Total no of securities after change	137,692,467
Date of notice	22 Apr 2024
Date notice received by Listed Issuer	22 Apr 2024

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SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2024

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

1	Revenue	50,907	0	192,648	0
2	Profit/(loss) before tax	1,737	0	-1,021	0
3	Profit/(loss) for the period	788	0	-7,185	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,529	0	-3,585	0
5	Basic earnings/(loss) per share (Subunit)	0.27	0.00	-0.63	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 ($$)	0.5600		0.5800

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED DISPOSAL OF A PIECE OF LAND BY MIDWEST EQUITY SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF HARN LEN CORPORATION BHD FOR A TOTAL CASH CONSIDERATION OF RM55,000,000 (PROPOSED DISPOSAL).
The Board of Directors (“Board”) of Harn Len Corporation Bhd (“Harn Len”) wishes to announce that on 24 September 2024, a wholly-owned subsidiary of the Company, Midwest Equity Sdn Bhd (“MESB” or the “Vendor”) [Company No. 201101033842 (961977-W)], had entered into a Sale and Purchase Agreement (“SPA”) with Starsea Resources Sdn Bhd (“Starsea” or the “Purchaser”) [Company No. 202301014739 (1508661-T)] for a disposal of the land held under H.S (D) 554637 PTB 24284 Bandar Johor Bahru, Johor (“Land”) for a total cash consideration of RM55,000,000 (“Consideration”) (“Proposed Disposal”). Further details are set out in the attached announcement. This announcement is dated 24 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3485672

Attachments Announcement- Proposed Disposal of a piece of Land by Midwest Equity Sdn Bhd.pdf

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HARN LEN CORPORATION BHD

Particulars of substantial Securities Holder

Name	LNH ENTERPRISE SDN. BHD.
Address	6th Floor, Johor Tower, No. 15 Jalan Gereja, Johor Bahru 80100 Johor Malaysia.
Company No.	199401037627 (323309-K)
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	27 Sep 2024	14,200,000	Acquired	Direct Interest
	Name of registered holder	LNH Enterprise Sdn. Bhd.
	Address of registered holder	6th Floor Johor Tower, No .15 , Jalan Gereja, 80100 Johor Bahru, Johor
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 14,200,000 ordinary shares through direct deal at RM0.249.
Nature of interest	Direct Interest
Direct (units)	116,279,467
Direct (%)	20.64
Indirect/deemed interest (units)	2,000,000
Indirect/deemed interest (%)	0.355
Total no of securities after change	118,279,467
Date of notice	27 Sep 2024
Date notice received by Listed Issuer	02 Oct 2024