Knusford Berhad

$EKOVEST / 8877 (EKOVEST BERHAD) $KNUSFOR / 5035 (KNUSFORD BERHAD)
Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

New Deadline: Ekovest and Knusford have agreed to extend the discussion period for the merger by six months, until January 27, 2025. This additional time will allow both parties to evaluate and deliberate the terms of the definitive agreement.

Operational Synergies: The merger aims to consolidate Lim’s construction and construction-related businesses under one entity. This could lead to improved operational efficiencies, cost savings, and a stronger market presence.

Ekovest’s Disposal: Disposing of ECSB for RM450 million can strengthen Ekovest’s balance sheet, reduce debt, and improve cash flow.

Knusford’s Financing: Issuing new shares rather than using cash preserves Knusford’s financial flexibility and liquidity.

General Meetings: Outcome of Meeting

PROPOSED DISPOSAL BY KNUSFORD BERHAD ("KNUSFORD") OF A FREEHOLD LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER HSD 51799, PT 43447, MUKIM AND DISTRICT OF KLANG, SELANGOR WITH A PROVISIONAL LAND AREA OF 25,625.48 SQUARE METRES BEARING POSTAL ADDRESS OF NO. 8, JALAN KECAPI 33/2, TAMAN PERINDUSTRIAN ELITE, SEKSYEN 33, 40350 SHAH ALAM, SELANGOR DARUL EHSAN TO EMERALD PLAN SDN BHD FOR A CASH CONSIDERATION OF RM28.0 MILLION ("PROPOSED DISPOSAL")

General Meetings: Notice of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

OTHERSKNUSFORD BERHAD ("KNUSFORD" OR "THE COMPANY")

EXECUTION OF HEADS OF MERGER AGREEMENT BETWEEN KNUSFORD AND EKOVEST BERHAD ("EKOVEST")

Knusford Bhd is disposing of a freehold piece of land measuring 275,832 sq ft in Klang, Selangor to Emerald Plan Sdn Bhd for RM28mil.

KUALA LUMPUR: Knusford Bhd has agreed to dispose of a provisional 25,625.48 sqm of freehold land and buildings in Klang, Selangor, to Emerald Plan Sdn Bhd for RM28mil cash.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSKNUSFORD BERHAD ("KNUSFORD" OR THE "COMPANY")

PROPOSED DISPOSAL BY KNUSFORD OF A FREEHOLD LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER HSD 51799, PT 43447, MUKIM AND DISTRICT OF KLANG, SELANGOR WITH A PROVISIONAL LAND AREA OF 25,625.48 SQUARE METRES BEARING POSTAL ADDRESS OF NO. 8, JALAN KECAPI 33/2, TAMAN PERINDUSTRIAN ELITE, SEKSYEN 33, 40350 SHAH ALAM, SELANGOR DARUL EHSAN TO EMERALD PLAN SDN BHD FOR A CASH CONSIDERATION OF RM28.0 MILLION

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

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

Changes in Director's Interest (Section 219 of CA 2016) - MADAM LIM SEW HUA

KUALA LUMPUR: Ekovest Bhd has proposed to dispose of its entire stake in wholly-owned construction arm, Ekovest Construction Sdn Bhd (ECSB), to Knusford Bhd for RM450mil.

OTHERSKNUSFORD BERHAD ("KNUSFORD" OR "THE COMPANY")

EXECUTION OF HEADS OF MERGER AGREEMENT BETWEEN KNUSFORD AND EKOVEST BERHAD ("EKOVEST")

KUALA LUMPUR: Tan Sri Lim Kang Hoo, who is the major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH), and Iskandar Waterfront City Bhd (IWC) has formally submitted a proposal that outlines his plan to reorganise, streamline, and merge these companies.

© New Straits Times Press (M) Bhd

Tan Sri Lim Kang Hoo, the major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), has proposed to undertake a reorganisation, rationalisation and merger proposal involving the companies.

KUALA LUMPUR: Tan Sri Lim Kang Hoo has proposed to reorganise and merge Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity).

© New Straits Times Press (M) Bhd

KUALA LUMPUR: Tan Sri Lim Kang Hoo, in his personal capacity as a major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), has served a letter of proposals to convey his intention to undertake a reorganisation, rationalisation and merger proposal involving these companies, for the consideration of their respective boards of directors.

OTHERSPress Release: Tan Sri Lim Kang Hoo Proposes to Streamline, Merge and Reorganize His group of companies

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 30/06/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSDISPOSAL OF LAND BY D-HILL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KNUSFORD BERHAD

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONSPROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

Quarterly rpt on consolidated results for the financial period ended 31/03/2023

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONSPROPOSED DISPOSAL OF LAND BY D-HILL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF KNUSFORD BERHAD

Quarterly rpt on consolidated results for the financial period ended 31/12/2022