【GESHEN 7197 交流专区】巨盛机构

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巨盛机构 GESHEN – 成长周期

GESHEN创办于1995年，在2004年上市于大马主要板，主要涉及精密注塑 (Precision Injection Moulding) 业务。目前，GESHEN已是本地塑料注塑领域的领先制造商之一。集团把自己打造成“一站式”服务中心，所提供的服务从设计阶段到最后组装，一一为客户提供制造需求的解决方案。

此外，GESHEN为汽车领域的客户提供零件已有超过11年的经验。集团也有足够的专业知识，满足消费电子零件和制造医疗产品的制造要求。

GESHEN在过去5年透过内部成长以及收购业务，迅速把业绩推上一个又一个的高峰。其营业额从FY12的RM90m增长至FY16的RM186m，相等于20%的复合年增长率 (CAGR)。集团更是在近两年连续创下盈利新高。

2015年对于GESHEN而言是个转折点。集团脱售连年亏损的Global Seed和Ultraspa (M)。脱售完毕后，集团无需再为非核心业务投入任何资金，同时也无需再纳入其亏损。

同时，GESHEN也以RM33.8m完成收购Polyplas的75%股权，同时在未来三年拥有剩余25%股权的收购优先权。这家公司主要为塑料注射提供全套加工技术，具有制造传统塑料部件以及精密薄壁塑料部件的能力，适用于各行业的客户，包括视听、医疗、汽车、数据存储、消费电子产品等等。随着Polyplas作出贡献，集团在FY15取得显著的增长。

在去年6月，GESHEN行使其优先权，以RM18.3m收购Polyplas剩余的25%股权，使后者成为旗下100%独资子公司。整个收购一共耗资RM52.09m。这项收购对于集团而言来得正是时候，因为Polyplas不仅把集团业务扩展至大马北部地区，而且还带来一支非常有能力和奉献精神的团队。

与此同时，GESHEN也在FY16以RM13m收购Demand Options的70%股权，同时在未来三年拥有剩余30%股权的收购优先权。Demand Options主要业务包括金属冲压 (Metal Stamping)、工具和模具制造、激光技术、组装、喷漆和二次加工。通过这项收购，集团把业务拓展至金属冲压领域，同时也把客户群扩大至Demand Options的客户群。集团的整体能力也获得提升，可为客户提供更多的制造解决方案，从而成为一个更全面的组件制造企业。

通过新技术及新客户所带来的协同效应，Demand Options在FY16最后两个季度为GESHEN带来显著贡献，主要归功于销售量的增长以及生产效率的提升。除了收购带来的贡献，GESHEN标青的表现也归功于更高来自新旧客户的销售量。

在FY17Q2，集团再次交出新高营收，其收入历史性首度突破RM60m大关。GESHEN在近年投入不少资金在业务扩展上，并成功取得更多客户订单。若非这个季度的业绩包含一笔RM1.5m的ESOS开销，其核心盈利将会是RM5.5m。

至于业务扩展上，GESHEN在去年7月斥资RM9.5m向Tiong Nam Logistic收购位于柔佛一幅涵括2层仓库及3层办公楼等产业的地皮，以作为业务扩展的一部分。由于旗下厂房已没多余空间增添机器及生产线，GESHEN决定收购上述地皮及产业，借此提升产能，以满足市场高需求。此外，这新产业仅座落在GESHEN现有厂房的后面，对于厂房搬迁计划非常方便，预计可省下许多不必要的开支。

GESHEN也在去年以RM5.9m租下位于越南的一幅涵括单层厂房及其他附属建筑物的地皮。为了迎合越南精密注塑领域的增长趋势，GESHEN计划进一步扩大其越南厂房的产能，以获得更多新旧客户的订单。然而，集团现有的越南厂房已没有进一步的扩展空间，与柔佛旧厂房的情况一样。因此， GESHEN在租下新地皮后可扩大厂房的容量，以确保集团拥有足够的制造和仓储设施用于当前和未来的运营。目前，新厂房的建设仍在进行中，预计可在2018年初完成

整体而言，GESHEN是一家处于成长阶段的企业。其近年的扩展计划进行得非常快，似乎有些超之过急，一度让市场对于其现金流和负债比例感到担忧。随着持续进行的扩展计划顺利，GESHEN预计可进一步实现规模经济，并提高旗下厂房的产能以及生产效率。

假设GESHEN可在全年交出RM20m盈利。以76.91m股数计算，其每股盈利将会是26仙。再以10-12倍PE推算，其每股潜在价值处于RM2.60-3.12之间。


RH Research

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	61,168	54,050	169,401	130,410
2	Profit/(loss) before tax	3,848	8,749	14,653	14,856
3	Profit/(loss) for the period	2,698	6,077	10,206	9,688
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,598	5,554	9,794	8,456
5	Basic earnings/(loss) per share (Subunit)	3.38	7.22	12.09	10.99
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 ($$)	1.2500		1.1100

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	GE-SHEN CORPORATION BERHAD ("GE-SHEN")- PROPOSED ACQUISITION OF A PIECE OF LAND HELD UNDER H.S.(D) 6136, NO. PT: LOT 3929, MUKIM TERBAU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR DARUL TAKZIM MEASURING APPROXIMATELY 0.383 HECTARE TOGETHER WITH ONE (1) UNIT OF DETACHED FACTORY ERECTED THEREON MEASURING APPROXIMATELY 25,755 SQUARE FEET ("PROPERTY"), BY GE-SHEN PLASTIC (M) SDN. BHD. (372089-V) ("THE COMPANY"), FOR THE CONSIDERATION OF RM6,300,000.00 ("PROPOSED ACQUISITION")
Please refer to the attachment for details of the announcement. This announcement is dated 8 February 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5688065

Attachments Ge-Shen - Proposed Acquisition of Land.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	GE-SHEN CORPORATION BERHAD ("GE-SHEN")- PROPOSED ACQUISITION OF A PIECE OF LAND HELD UNDER H.S.(D) 6136, NO. PT: LOT 3929, MUKIM TERBAU, DISTRICT OF JOHOR BAHRU, STATE OF JOHOR DARUL TAKZIM MEASURING APPROXIMATELY 0.383 HECTARE TOGETHER WITH ONE (1) UNIT OF DETACHED FACTORY ERECTED THEREON MEASURING APPROXIMATELY 25,755 SQUARE FEET ("PROPERTY"), BY GE-SHEN PLASTIC (M) SDN. BHD. (372089-V) ("THE COMPANY"), FOR THE CONSIDERATION OF RM6,300,000.00 ("PROPOSED ACQUISITION")
Reference is made to Ge-Shen’s announcements on 8th February 2018 pertaining to the above matter. Unless otherwise stated, all capitalised terms used herein shall have the same meanings referred to in the aforesaid announcement. The Board of Directors of Ge-Shen wishes to furnish the following additional information of the abovementioned matter:- Basis/justification of arriving at the current market value of the Property The Company did not carry out any formal valuation on the Property. Notwithstanding the foregoing, the Board has compared the Purchase Price of the Property (calculated on per square foot basis) with the following: - the Purchase Price of the factory erected on H.S.(D) 420021, PTD 137632, Mukim of Tebrau, District of Johor Bahru, State of Johor Darul Takzim measuring approximately 4,857.6 square metres bearing postal address at Lot 3916/3917, Jalan Riang 21, Taman Gembira 81200 Johor Bahru, Johor Darul Takzim which was acquired by the Company on 19 July 2016 ; and the Purchase Price of the current list of factory for sale in the adjacent area. Premising on the above, the Purchase Price represents a discount of approximately 16% of Item (a) and discount of approximately 45% of Item (b). Breakdown of the source of funds The Deposit was funded by the Company’s internally generated funds whilst the Company intends to fund the Balance Purchase Price by internally generated funds and/or bank borrowings. However, the Company is unable to confirm the breakdown of the source of funding for the satisfaction of Balance Purchase Price at this juncture as the said sum will only be paid during the third quarter of year 2020. This announcement is dated 12 February 2018.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	58,988	55,100	228,389	185,510
2	Profit/(loss) before tax	1,425	7,763	16,078	22,619
3	Profit/(loss) for the period	641	7,279	10,847	16,967
4	Profit/(loss) attributable to ordinary equity holders of the parent	761	6,775	10,557	15,232
5	Basic earnings/(loss) per share (Subunit)	0.99	8.81	12.44	18.52
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 ($$)	1.2600		1.1100

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	GE-SHEN CORPORATION BERHAD- PROPOSED RENTING WITH OPTION TO PURCHASE OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HSD 169007 PTD 91805, MUKIM PLENTONG, DAERAH JOHOR BAHRU MEASURING APPROXIMATELY 4,909.1147 SQUARE METRES TOGETHER WITH THE BUILDING ERECTED THEREON BEARING A POSTAL ADDRESS OF NO. 12, JALAN MAHIR 5, TAMAN PERINDUSTRIAN CEMERLANG, 81800 ULU TIRAM, JOHOR DARUL TAKZIM, BY DEMAND OPTIONS SDN. BHD. (446459-W), FOR A PERIOD OF FIFTEEN (15) MONTHS, AT A MONTHLY RENTAL OF RM23,000/-
Please refer to the attachment for details of the announcement. This announcement is dated 2 May 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5782061

Attachments GSCB - Proposed renting with option to purchase.pdf

icy97

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-03052018-00003
Subject	PROPOSED RENTING WITH OPTION TO PURCHASE OF THE FREEHOLD LAND IN TAMAN PERINDUSTRIAN CEMERLANG, ULU TIRAM, JOHOR BY DEMAND OPTIONS SDN. BHD., FOR 15 MONTHS, AT A MONTHLY RENTAL OF RM23,000 AND A PURCHASE CONSIDERATION OF RM7,300,000.
Description	GE-SHEN CORPORATION BERHAD- PROPOSED RENTING WITH OPTION TO PURCHASE OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER HSD 169007 PTD 91805, MUKIM PLENTONG, DAERAH JOHOR BAHRU MEASURING APPROXIMATELY 4,909.1147 SQUARE METRES TOGETHER WITH THE BUILDING ERECTED THEREON BEARING A POSTAL ADDRESS OF NO. 12, JALAN MAHIR 5, TAMAN PERINDUSTRIAN CEMERLANG, 81800 ULU TIRAM, JOHOR DARUL TAKZIM, BY DEMAND OPTIONS SDN. BHD. (446459-W), FOR A PERIOD OF FIFTEEN (15) MONTHS, AT A MONTHLY RENTAL OF RM23,000/-
Query Letter Contents	We refer to your Company’s announcement dated 2 May 2018, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1)      Background information on Taiwan Chief Precision Technology Sdn. Bhd. (“Vendor”), including the principal activities, directors, substantial shareholders and their respective shareholdings. 2)      Basis and justification in arriving at the monthly rental of RM23,000. 3)      Rationale for initially renting the Demised Premises for 15 months instead of outright acquisition given that the Purchase Price and salient terms of the purchase has been agreed with the Vendor. 4)      Rationale for paying the 10% Deposit now instead of upon signing the sale and purchase agreement. 5)      Details of the market value of factories for sale in the adjacent area and further clarification on how to derive at the Purchase Price after taking into consideration the aforesaid market value.
Reference is made to Ge-Shen Corporation Berhad ("Ge-Shen")'s announcement on 2 May 2018 and Bursa Malaysia Securities Berhad's letter dated 3 May 2018 pertaining to the above matter. The Board of Directors of Ge-Shen wishes to furnish the attached additional information of the abovementioned matter. This announcement is dated 4 May 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5784493

Attachments Ge-Shen - Reply to Query - Proposed renting with an option to purchase.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	56,173	47,872	56,173	47,872
2	Profit/(loss) before tax	2,150	4,825	2,150	4,825
3	Profit/(loss) for the period	951	3,340	951	3,340
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,250	3,164	1,250	3,164
5	Basic earnings/(loss) per share (Subunit)	1.63	4.11	1.63	4.11
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 ($$)	1.2700		1.2600

icy97

Date of change	15 May 2018
Name	MR TEO CHIN SWEE
Age	57
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Executive
Type of change	Resignation
Reason	Health reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications
Working experience and occupation
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	1,270,282 ordinary shares in the Company.

icy97

Date of change	31 May 2018
Name	MR YIN SIEW PENG
Age	53
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	Personal reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Family relationship with any director and/or major shareholder of the listed issuer	Nil
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	1,900,000 ordinary shares in the Company.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	52,209	60,361	108,382	108,233
2	Profit/(loss) before tax	3,496	5,980	5,646	10,805
3	Profit/(loss) for the period	2,749	4,168	3,700	7,508
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,501	4,032	3,751	7,196
5	Basic earnings/(loss) per share (Subunit)	3.25	4.68	4.88	8.71
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 ($$)	1.3200		1.2600

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	50,788	61,168	159,171	169,401
2	Profit/(loss) before tax	1,733	3,848	7,379	14,653
3	Profit/(loss) for the period	920	2,698	4,620	10,206
4	Profit/(loss) attributable to ordinary equity holders of the parent	775	2,598	4,526	9,794
5	Basic earnings/(loss) per share (Subunit)	1.01	3.38	5.88	12.09
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 ($$)	1.3300		1.2600

icy97

Date of change	08 Nov 2018
Name	MR LOUIS LAU PUONG KIET
Age	32
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Commerce	University of Western Australia

Working experience and occupation	Joined CIMB Investment Bank Berhad in 2008 as a Management Trainee and was attached in CIMB Private Equity and Venture Capital from 2009 until 2012. He was with CMS Opus Private Equity from 2012 to 2015. He joined Ge-Shen Group in April 2015 as Head of Group Strategy and Monitoring team and currently sits on various subsidiary Board.
Directorships in public companies and listed issuers (if any)	NIL
Family relationship with any director and/or major shareholder of the listed issuer	NIL
Any conflict of interests that he/she has with the listed issuer	NIL
Details of any interest in the securities of the listed issuer or its subsidiaries	Ordinary Shares- 2,003,000 (Direct Interest)- 1,636,000 (Deemed interested by virtue of his interest in Townhouse Infinity Holdings Sdn. Bhd. pursuant to Section 8 of the Companies Act 2016) (Indirect Interest) Employees Share Option Scheme (ESOS)- 40,000

icy97

Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

GE-SHEN CORPORATION BERHAD

Particulars of Substantial Securities Holder

Name	MR LOUIS LAU PUONG KIET
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	No. 2,Jalan Matu,

Date interest acquired & no of securities acquired
Date interest acquired	10 Dec 2018
No of securities	20,000
Circumstances by reason of which Securities Holder has interest	Acquisition of shares by Maybank Nominees (Tempatan) Sdn. Bhd.
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	2,123,000
Direct (%)	2.76
Indirect/deemed interest (units)	1,736,000
Indirect/deemed interest (%)	2.257
Date of notice	12 Dec 2018
Date notice received by Listed Issuer	12 Dec 2018

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	43,176	58,988	202,346	228,389
2	Profit/(loss) before tax	154	1,424	7,533	16,077
3	Profit/(loss) for the period	-105	640	4,515	10,846
4	Profit/(loss) attributable to ordinary equity holders of the parent	-25	762	4,501	10,556
5	Basic earnings/(loss) per share (Subunit)	-0.68	0.35	4.56	12.44
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 ($$)	1.3200		1.2600

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DEMAND OPTIONS SDN. BHD.'S PROPOSED ACQUISITION OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER H.S.(D) 169007, PTD 91805, MUKIM PLENTONG, DAERAH JOHOR BAHRU MEASURING APPROXIMATELY 4,909.1147 SQUARE METRES TOGETHER WITH A FACTORY ERECTED THEREON BEARING A POSTAL ADDRESS OF NO. 12, JALAN MAHIR 5, TAMAN PERINDUSTRIAN CEMERLANG, 81800 ULU TIRAM, JOHOR DARUL TAKZIM FOR THE CONSIDERATION OF RM7,300,000.00
Please refer to the attachment for details of the announcement. This announcement is dated 1 April 2019. Please refer attachment below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6113277

Attachments GSCB - Proposed Acquisition.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	34,266	56,173	34,266	56,173
2	Profit/(loss) before tax	-3,964	2,150	-3,964	2,150
3	Profit/(loss) for the period	-3,955	951	-3,955	951
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,619	1,250	-3,619	1,250
5	Basic earnings/(loss) per share (Subunit)	-4.70	1.63	-4.70	1.63
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 ($$)	1.2800		1.3200

icy97

icy97 发表于 12-4-2019 05:47 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6113277

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DEMAND OPTIONS SDN. BHD.'S PROPOSED ACQUISITION OF ALL THAT PIECE OF FREEHOLD LAND HELD UNDER H.S.(D) 169007, PTD 91805, MUKIM PLENTONG, DAERAH JOHOR BAHRU MEASURING APPROXIMATELY 4,909.1147 SQUARE METRES TOGETHER WITH A FACTORY ERECTED THEREON BEARING A POSTAL ADDRESS OF NO. 12, JALAN MAHIR 5, TAMAN PERINDUSTRIAN CEMERLANG, 81800 ULU TIRAM, JOHOR DARUL TAKZIM FOR THE CONSIDERATION OF RM7,300,000.00 ('PROPOSED ACQUISITION')
Further to the announcement made on 1 April 2019, the Board of Directors of Ge-Shen Corporation Berhad wishes to announce that the Sale and Purchase Agreement dated 31 March 2019 has been completed on 27 June 2019 (early completion) in accordance with its terms and conditions. In view thereof, the Proposed Acquisition has been deemed completed on 27 June 2019. This announcement is dated 1 July 2019.