【SASBADI 5252 交流专区】文语控股

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTERS OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.         Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE to supply reprinted textbooks (BCS) to schools under the MoE from Year 2024 - Package 15, at an estimated contract value of RM6,885,012.00 (“Package 15 Contract”); and The Board of Directors of Sasbadi Holdings is also pleased to announce that the Company’s indirectly-owned subsidiary, The Malaya Press Sdn Bhd (“TMP”), has today signed and accepted a Letter of Acceptance from the MoE to supply reprinted textbooks (BCS) to schools under the MoE from Year 2024 - Package 18, at an estimated contract value of RM4,822,128.00 (“Package 18 Contract”). Package 15 Contract and Package 18 Contract are collectively referred to as the “Contracts”. The Contracts are for the period from 5 August 2024 to 4 August 2026. 2.         Financial Effects SSB and TMP are expected to deliver the first tranche of the Contracts, worth approximately RM5.85 million in total to the schools throughout Malaysia, in  the first quarter of the financial year ending 31 August 2025. In this regard, these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2025 and onwards, during the duration of these Contracts. 3.         Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with these Contracts. The Company will take the necessary steps to mitigate the risks as and when they occur. 4.         Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts. 5.         Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that these Contracts are in the ordinary course of business and in the best interest of the Company. This announcement is dated 5 August 2024.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SASBADI HOLDINGS BERHAD-        PROPOSED ACQUISITION BY ORBIT BUKU SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF INTELLECTUAL PROPERTIES AND INVENTORY OF KOHWAI & YOUNG PUBLICATIONS (MALAYSIA) SDN BHD
The Board of Directors of Sasbadi Holdings Berhad is pleased to announce that its wholly-owned subsidiary, Orbit Buku Sdn Bhd [Registration No. 201001009505 (894165-W)] has on 8 October 2024 entered into a Sale Agreement and Assignment of Intellectual Property Rights ("the Agreement") with Kohwai & Young Publications (Malaysia) Sdn Bhd [Registration No. 199801016752 (472881-T)] (“KYPSB”), to acquire: (i) all the rights, title and interest in the publishing list of KYPSB relating to early childhood publications as attached in the Agreement (“Assigned Rights”); and (ii) inventory of KYPSB in relation to the publishing list acquired (“Inventory”). (collectively referred to as the “Assigned Rights and Inventory”) at the purchase price of Ringgit Malaysia One Million and Two Hundred Thousand (RM1,200,000.00) only subject to the terms and conditions contained in the Agreement.(“Proposed Acquisition”). Please refer to the attachment for further details on the Proposed Acquisition. This announcement is dated 8 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3489845

Attachments Proposed Acquisition of IPs (KYPSB).pdf