KAMDAR

0.175

-0.005 (-2.8%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KAMDAR GROUP (M) BERHAD ("KGMB" or "the Company") RE: Disposal of Property by Kesar Sdn. Bhd., its wholly-owned subsidiary of the Company

KAMDAR GROUP (M) BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KAMDAR GROUP (M) BERHAD ("KGMB" or "the Company")
RE: Disposal of Property by Kesar Sdn. Bhd., its wholly-owned subsidiary of the Company

(The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 29 August 2025)

 

Further to the Company’s announcement made on 29 August 2025, the Board of Directors of the Company wishes to further clarify that the indicated market value of the Property under item 3(c) shall be RM3,700,000.00 as per the valuation report dated 16 July 2024.

 

Further, the breakdown and the timeframe for the Utilisation of Proceeds shall as below:

 

 

Proposed Utilisation (RM)

Intended Timeframe for Utilisation

Settlement of overdraft

346,000

Within 6 months

Working capital

2,958,529

Within 6 months

Administrative and general expenses

122,745

 

With 1-2 months

Estimated Real Property Gains Tax (RPGT)

222,726

Within 4-5 months

Total :

3,650,000

 

 

This announcement is dated 2 September 2025.






Announcement Info

Company Name KAMDAR GROUP (M) BERHAD
Stock Name KAMDAR
Date Announced 02 Sep 2025
Category General Announcement for PLC
Reference Number GA1-02092025-00033