Ancom Logistics Berhad

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

OTHERSHEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD ("ALB") AND ANCOM NYLEX BERHAD ("ANB") WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER DATED 24 APRIL 2024

@terence775 Yeah, I totally agreed with you. Previously, acquired all the assets & liabilities from $NYLEX / 4944 (NYLEX (MALAYSIA) BERHAD) and now $ANCOMLB / 0048 (ANCOM LOGISTICS BERHAD). I prefer the company doing horizontal or vertical expansion so that it will have synergies effect.

$ANCOMLB / 0048 (ANCOM LOGISTICS BERHAD): A Green Company Ahead

$ANCOMLB / 0048 (ANCOM LOGISTICS BERHAD) used to be a RTO target of S5 Holdings Inc. and now it's going to turn to become a homegrown environmental solutions company. How is it going?
1. ANCOMLB proposed to acquire the entire share capital of Green Lagoon Technology Sdn Bhd for RM120mil.
2. RM120mil would be raised through issuing 1billion shares at the issue price of RM0.12/share.
3. This acquisition will provide profit guarantee of at least RM8mil PAT for first year and RM10mil PAT for second year. Any shortfall will be compensated by vendors in cash.
4. At the same time, ANCOMLB proposed private placement of 183.33mil shares to $KLSE-ANCOMNY with RM0.12/share, totalling of RM22mil.
5. ANCOMLB proposed to dispose all of its subsidiaries to ANCOMNY in cash settlement.

After the successful disposal and acquisition

1. ANCOMLB would become a homegrown environmental solution company, as Green Lagoon specialises in the design, construction, operation and management of biogas plants, effectively transforming waste into valuable resources.
2. The number of shares will increased to 1.47bil from 473.29mil. (No wonder share price dropped)
3. PAT guarantee of RM8mil is definitely good in changing the company's financial from loss to profit.
4. This is going to make the company's EPS become RM0.0054, P/E based on current share price would be 33.33x. (Not cheap)
5. The second year EPS would be RM0.0068 and P/E would be 26.47x. (Still not cheap)
6. Cash position is expected to be increased after sold the subsidiaries.

After shares enlargement

1. Share price might correct to RM0.14.
2. P/E for first year would be 25.93x and second year would be 20.59x.

KUALA LUMPUR: Ancom Logistics Bhd (ALB) has proposed to acquire the entire share capital of Green Lagoon Technology Sdn Bhd for RM120mil, in exchange for one billion new shares in ALB at an issue price of 12 sen per share.

ANCOMLB - Trading Halt and Resumption of Trading

OTHERSHEADS OF AGREEMENT ENTERED INTO BETWEEN ANCOM LOGISTICS BERHAD AND ANCOM NYLEX BERHAD WITH GREENHEART SDN BHD, CHOONG WEE KEONG AND HOW YOON FOR

Quarterly rpt on consolidated results for the financial period ended 29/02/2024

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Quarterly rpt on consolidated results for the financial period ended 30/11/2023

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/08/2023

Change in Boardroom - DATO' ABDUL LATIF BIN ABDULLAH

Change in Nomination and Remuneration Committee - DATO' MOHAMMAD MEDAN BIN ABDULLAH

Change in Nomination and Remuneration Committee - DATO' ABDUL LATIF BIN ABDULLAH

Annual Report & CG Report - 2023

Circular to Shareholders in Relation to the Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions ("RRPTs") of a Revenue or Trading Nature ("Proposed Renewal of Shareholders' Mandate for RRPTs")

General Meetings: Notice of Meeting

OTHERSProposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Quarterly rpt on consolidated results for the financial period ended 31/05/2023

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Intention to Deal During Closed Period

Changes in Director's Interest (Section 219 of CA 2016) - DATO' SIEW KA WEI

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATO' SIEW KA WEI

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : Dealings Outside Closed Period

Change in Nomination and Remuneration Committee - MR LIM HOCK CHYE

Change in Boardroom - MR LIM HOCK CHYE

Change in Boardroom - DATIN JOANNE MARIE LOPEZ