【SNTORIA 5213 交流专区】建乐集团

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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	73,193	87,342	73,193	87,342
2	Profit/(loss) before tax	5,572	14,698	5,572	14,698
3	Profit/(loss) for the period	4,054	11,064	4,054	11,064
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,100	11,082	4,100	11,082
5	Basic earnings/(loss) per share (Subunit)	0.74	1.99	0.74	1.99
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 ($$)	0.9600		0.8300

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Date of change	28 Feb 2019
Name	MISS LOH POH IM
Age	53
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue her other personal interest

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Type	Announcement
Subject	OTHERS
Description	SENTORIA GROUP BERHAD ("SENTORIA" OR "THE COMPANY") - Acceptance of Letter of Award
Sentoria Group Berhad is pleased to announce that its wholly-owned subsidiary, Sentoria Bina Sdn. Bhd. (Company No. 477814-V) has on 1 March 2019 accepted a Letter of Award from Fajar Pertiwi Sdn. Bhd. (Company No. 492998-T) for a design and build contract including sales and marketing of 659 units of single-storey terrace houses known as Bukit Rangin 3F and 3G in Bukit Rangin 3, Mukim Kuala Kuantan, Daerah Kuantan, Pahang Darul Makmur, for a contract sum of RM85.48 million. The contract which will commence on 1 March 2019 and due for completion by 1 March 2021 will have no material effects on the earnings, gearing or net assets per share of Sentoria Group for the current financial year ending 30 September 2019. It will however be expected to contribute positively towards the future financial performance of Sentoria Group. There will also no effect arising from the contract on the issued share capital and substantial shareholding structure of Sentoria. None of the directors and/or major shareholders of Sentoria and/or persons connected to them has any interest, direct or indirect in the contract. The Board is of the opinion that the abovementioned contract is in the best interest of Sentoria Group. This announcement is dated 1 March 2019.

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Date of change	01 Mar 2019
Name	MR CHAN HUNG CHEE
Age	48
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Chartered Accountant Malaysian Institute of Accountants (MIA) Member 2 Professional Qualification Accounting Certified Practising Accountant (CPA) Australia Member 3 Degree Business University of Southern Queensland
Working experience and occupation	Mr. Chan started his career with Malayan United Industries Berhad in 1993 before moving to British American Tobacco (M) Berhad as Corporate Auditor in 1997. He joined MIDF Sisma Securities Sdn Bhd as Head of Audit in 2000 before he left the firm to join PM Securities Sdn Bhd in the same year where he was an Assistant General Manager of Finance, Accounts and Administration until 2008. Mr Chan then joined TT Resources Bhd in 2008 as General Manager of Finance where he served for about 4 years before his appointment as Executive Vice President, Group Finance Office in Malayan Banking Berhad between 2012 and end 2018.Mr. Chan has been an experienced finance and management professional that had accumulated more than 25 years within the capital market, finance, banking, FMCG and services industry.

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Expiry/Maturity of the securities

SENTORIA GROUP BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.5700
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	28 Mar 2019 05:00 PM
Date & Time of Suspension	29 Mar 2019 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	08 Apr 2019 04:00 PM
Date & Time of Expiry	15 Apr 2019 05:00 PM
Date & Time for Delisting	16 Apr 2019 09:00 AM

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6094017

Attachments Sentoria - Notice to Warrant Holders.pdf

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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	98,469	75,257	171,662	162,599
2	Profit/(loss) before tax	8,158	6,924	13,730	21,622
3	Profit/(loss) for the period	4,209	12,164	8,263	23,228
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,229	12,150	8,329	23,232
5	Basic earnings/(loss) per share (Subunit)	0.76	2.15	1.49	4.15
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 ($$)	0.9700		0.8300

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SENTORIA GROUP BERHAD

Particulars of substantial Securities Holder

Name	SENTORIA CAPITAL SDN. BHD.
Address	No. 56 & 58, Jalan Dagang SB 4/2, Taman Sg. Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan
Company No.	734593-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	23 Aug 2019	17,371,000	Disposed	Direct Interest
	Name of registered holder	Sentoria Capital Sdn. Bhd.
	Address of registered holder	No. 56 & 58 Jalan Dagang SB 4/2 Taman Sungai Besi Indah 43300 Seri Kembangan Selangor Darul Ehsan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal via merit deal
Nature of interest	Direct Interest
Direct (units)	295,140,428
Direct (%)	52.923
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	295,140,428
Date of notice	23 Aug 2019
Date notice received by Listed Issuer	23 Aug 2019

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SENTORIA GROUP BERHAD

Particulars of substantial Securities Holder

Name	SENTORIA CAPITAL SDN. BHD.
Address	No. 56 & 58, Jalan Dagang SB 4/2, Taman Sg. Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan
Company No.	734593-X
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	27 Aug 2019	7,608,375	Transferred	Direct Interest
	Name of registered holder	Sentoria Capital Sdn. Bhd.
	Address of registered holder	No. 56 & 58 Jalan Dagang SB 4/2 Taman Sungai Besi Indah 43300 Seri Kembangan Selangor Darul Ehsan
	Description of "Others" Type of Transaction
2	27 Aug 2019	7,608,375	Transferred	Direct Interest
	Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Sentoria Capital Sdn. Bhd.
	Address of registered holder	Level 15 Kenanga Tower 237 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction
3	27 Aug 2019	7,600,000	Disposed	Direct Interest
	Name of registered holder	Sentoria Capital Sdn. Bhd.
	Address of registered holder	No. 56 & 58 Jalan Dagang SB 4/2 Taman Sungai Besi Indah 43300 Seri Kembangan Selangor Darul Ehsan
	Description of "Others" Type of Transaction
4	27 Aug 2019	5,400,000	Disposed	Direct Interest
	Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Sentoria Capital Sdn. Bhd.
	Address of registered holder	Level 15 Kenanga Tower 237 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Transfer of account without change in beneficial ownership and disposal via merit deal
Nature of interest	Direct Interest
Direct (units)	282,140,428
Direct (%)	50.592
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	282,140,428
Date of notice	27 Aug 2019
Date notice received by Listed Issuer	27 Aug 2019

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	68,575	66,897	240,237	229,496
2	Profit/(loss) before tax	5,685	1,277	19,415	22,899
3	Profit/(loss) for the period	4,365	7,126	12,628	30,354
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,386	7,121	12,715	30,353
5	Basic earnings/(loss) per share (Subunit)	0.79	1.27	2.28	5.42
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 ($$)	0.9700		0.8300

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SENTORIA GROUP BERHAD ("SENTORIA" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT
On behalf of the Board of Directors of Sentoria, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake a proposed private placement of up to 10% of the total number of issued shares in Sentoria (excluding treasury shares, if any). Please refer to the attachment for further details. This announcement is dated 4 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6302461

Attachments Sentoria Group Berhad - Announcement (4.10.2019).pdf

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Type	Announcement
Subject	OTHERS
Description	SENTORIA GROUP BERHAD ("SGB" OR "THE COMPANY")- TERM SHEET FOR THE PROPOSED DISPOSAL OF 75% EQUITY INTEREST IN SENTORIA LANGKAWI SDN. BHD. ("SLSB"), A 75% OWNED SUBSIDIARY OF SGB FOR A TOTAL CASH CONSIDERATION OF RM1,500,000.00 ("PROPOSED DISPOSAL")
The Board of Directors of SGB wishes to announce that the Company (the “Vendor”) had on 7 October 2019 entered into non-legally binding term sheet with Widad Land Sdn. Bhd. (Company No. 1146750-M) (“WLSB" or the “Purchaser”) to dispose its entire 75% equity interest in Sentoria Langkawi Sdn. Bhd. (Company No. 1072940-A) (“SLSB”) comprising 1,500,000 ordinary shares (“Sale Shares”) for a total cash consideration of RM1,500,000.00 (“Disposal Consideration”) subject to terms to be finalised in a definitive agreements for the proposed transaction (“Term Sheet”) (“Proposed Disposal”); the Vendor and Purchaser are collectively referred to as the "Parties”. Upon completion of the Proposed Disposal, SLSB shall cease to be a subsidiary of SGB. SLSB owns leasehold lands held for future mixed development projects known as Langkawi Geopark Resort City and Langkawi Medical Village measuring 120 acres in area (the lands are currently encumbered); and Langkawi Nature Park measuring 50 acres in area.  The properties are located at Langkawi Island, Kedah. SLSB has recorded an audited Profit after Tax of RM20,219 for financial year ended 30 September 2018 with an audited Net Tangible Assets of RM1,869,006 as of 30 September 2018. The Purchaser, WLSB, is a private limited liability company, incorporated on 1 June 2015 with its registered address at WBG Penthouse, Widad Semantan (Wise), No. 3, Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur, Wilayah Persekutuan. The principal activities of WLSB including property development, construction and general investment.  The directors of WLSB are Tan Sri Dato’ Sri Muhammad Ikmal Opat Bin Abdullah and Dato’ Mohd Rizal Bin Mohd Jaafar. The shareholders of WLSB are Widad Business Group Sdn. Bhd. (Company No. 602380-P) and Tan Sri Dato’ Sri Muhammad Ikmal Opat Bin Abdullah, holding 60% and 40% equity interest respectively of total issued share capital of RM1,000,000.00 comprising 1,000,000 ordinary shares in WLSB. Upon signing of the Term Sheet, the Parties will commence and to finalise the terms of the binding definitive agreements for the Proposed Disposal within the exclusivity period of twenty two (22) working days or such other date to be mutually agreed in writing between the Parties. The Term Sheet is not intended in any way to create legal relations or to constitute a contractually binding arrangement between the Parties until a definite sales and purchase agreement (“SPA”) is executed and delivered by both Parties. The Proposed Disposal allows the SGB Group to focus its resources for property development in other areas of Malaysia. None of the major shareholders and/or Directors of SGB and/or persons connected with them have any interest, direct or indirect in the Proposed Disposal. This is a voluntary announcement under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The Proposed Disposal is not subject to the approval of the shareholders of SGB. A detailed announcement on the Proposed Disposal will be made upon finalisation of the SPA for the Proposed Disposal. The Term Sheet is available for inspection at the registered office of SGB at 56 & 58 (2nd Floor), Jalan Dagang SB 4/2, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 7 October 2019.

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Type	Announcement
Subject	OTHERS
Description	SENTORIA GROUP BERHAD ("SGB" OR "THE COMPANY")- MUTUAL TERMINATION ON TERM SHEET FOR THE PROPOSED DISPOSAL OF 75% EQUITY INTEREST IN SENTORIA LANGKAWI SDN. BHD. ("SLSB"), A 75% OWNED SUBSIDIARY OF SGB FOR A TOTAL CASH CONSIDERATION OF RM1,500,000.00
Reference is made to the announcement dated 7 October 2019 in respect of non-legally binding term sheet entered between the Company and Widad Land Sdn. Bhd. [Registration No. 201501021422 (1146750-M)] (“WLSB" or the “Purchaser”) to dispose its entire 75% equity interest in Sentoria Langkawi Sdn. Bhd. [Registration No. 201301043118 (1072940-A)] (“SLSB”) comprising 1,500,000 ordinary shares (“Sale Shares”) for a total cash consideration of RM1,500,000.00 (“Disposal Consideration”) subject to terms to be finalised in a definitive agreements for the proposed transaction (“Term Sheet”) (“Proposed Disposal”). The Board of Directors of SGB wishes to announce that the Company and WLSB (collectively, the “Parties”), after due consideration, have decided to mutually terminate the Proposed Disposal, as the Parties did not yield any conclusion after the lapse of twenty two (22) working days for a definite sales and purchase agreement between the Parties. The Term Sheet is hereby null and void with immediate effect and shall be mutually terminated without recourse to any cost and claims by both the Parties.   None of the major shareholders and/or Directors of SGB and/or persons connected with them have any interest, direct or indirect in the mutual termination. This announcement is dated 7 November 2019.

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Type	Announcement
Subject	OTHERS
Description	SENTORIA GROUP BERHAD- ACCEPTANCE OF THE LETTER OF INTENT FOR THE PROPOSED DISPOSAL OF PROPERTIES IN SENTORIA LANGKAWI SDN. BHD. TO I STRADA SDN. BHD.
The Board of Directors of Sentoria Group Berhad (“SGB” or “the Company”) wishes to announce that its 75% owned subsidiary, Sentoria Langkawi Sdn. Bhd. [Registration No. 201301043118 (1072940-A)] (“SLSB”) has on 7 November 2019 accepted a Letter of Intent (“LOI”) by I Strada Sdn. Bhd. [Registration No. 201601030123 (1201064-A)] (“STRADA”) (collectively “Parties”), in pursuant to the intention to enter into negotiation in relation to the proposed disposal of 35 acres of 90 years lease land on part of land on Lot PT 282, Lot PT 280 and Lot PT 279 (Langkawi Geopark Resort City), located at Mukim Bandar Padang Matsirat, Daerah Langkawi, Kedah Darul Aman, owned by SLSB to STRADA for the total disposal price of RM49.5 million (the “Proposed Disposal”). The details of the announcement are set out in the attached file. This announcement is dated 7 November 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3000645

Attachments SGB - Acceptance of Letter of Intent (I Strada).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	-22,732	44,438	217,505	273,934
2	Profit/(loss) before tax	-44,883	-3,711	-25,468	19,187
3	Profit/(loss) for the period	-54,653	-7,852	-42,025	22,501
4	Profit/(loss) attributable to ordinary equity holders of the parent	-54,449	-7,849	-41,734	22,503
5	Basic earnings/(loss) per share (Subunit)	-9.76	-1.41	-7.48	4.02
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 ($$)	0.8800		0.9500

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Change in Financial Year End

SENTORIA GROUP BERHAD

Old financial year end	30 Sep 2019
New financial year end	31 Mar 2020

Remarks :

The Board of Directors of Sentoria Group Berhad has approved the change of financial year end of the Company from 30 September 2019 to 31 March 2020. The change of financial year end allows the Company to finalise the adoption of the new Malaysian Financial Reporting Standards framework into its present accounting policies to ensure alignment with the good financial reporting standard practices.

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SENTORIA GROUP BERHAD

Date of change	16 Jan 2020
Name	DATIN SRI LIM MOOI LANG
Age	51
Gender	Female
Nationality	Malaysia
Designation	Independent Director
Directorate	Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Member	Malaysian Institute of Certified Public Accountants
2	Professional Qualification	Member	Malaysian Institute of Accountants
3	Degree	Accounting	University of Malaya

Working experience and occupation	June 2018 to presentGeneral Manager Head of Finance Division - Tax, Lion Group1998 to June 2018Tax Executive/Tax Manager/Senior Tax Manager/Assistant General Manager,  Lion Group1993 to 1995Accountant, Lion Group1995 to 1998Accountant, Como Holdings Limited
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	Direct interest: 2,000,000 ordinary sharesIndirect Interest: 9,600,000 ordinary sharesIndirect interest by virtue of interest in shares of spouse and child pursuant to Section 59(11)(c) of the Companies Act 2016.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Fifteen Months
		01 Oct 2019 To	01 Oct 2018 To	01 Oct 2018 To	01 Oct 2017 To
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	21,550	0	239,055	0
2	Profit/(loss) before tax	-8,550	0	-34,018	0
3	Profit/(loss) for the period	-9,296	0	-51,321	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-9,226	0	-50,960	0
5	Basic earnings/(loss) per share (Subunit)	-1.66	0.00	-9.14	0.00
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 ($$)	0.8700		0.9500

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Eighteen Months	Six Months
		01 Jan 2020 To	01 Jan 2019 To	01 Oct 2018 To	01 Oct 2018 To
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	-13,582	0	225,473	0
2	Profit/(loss) before tax	-36,551	0	-70,569	0
3	Profit/(loss) for the period	-32,926	0	-84,247	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-32,336	0	-83,296	0
5	Basic earnings/(loss) per share (Subunit)	-5.80	0.00	-14.94	0.00
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 ($$)	0.7800		0.9400

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SENTORIA GROUP BERHAD

Date of change	30 Jun 2020
Name	MR CHAN HUNG CHEE
Age	50
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue his other personal interest

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	SENTORIA GROUP BERHAD ("SGB" OR "THE COMPANY")  - ISSUANCE OF UNQUALIFIED AUDIT OPINION WITH EMPHASIS OF MATTER ON MATERIAL UNCERTAINTY RELATING TO GOING CONCERN IN RESPECT OF SGB'S AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD FROM 1 OCTOBER 2018 TO 31 MARCH 2020
Pursuant to paragraph 9.19(37) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that the Company’s Independent Auditors, Grant Thornton Malaysia PLT has included a paragraph on material uncertainty related to going concern (‘MUGC’) in the Auditors’ Report for the financial statements of the Company for the financial period from 1 October 2018 to 31 March 2020. The details of the unmodified opinion as disclosed in the Independent Auditors’ Report is reproduced below:- “Material Uncertainty Related to Going Concern We draw attention to Note 2 to the financial statements, which indicates that the Group and the Company had incurred a net loss attributable to owners of the Company of RM87,607,000 and RM222,000 respectively. As at 31 March 2020, the Group’s and the Company’s total current liabilities exceeded its total current assets by RM282,725,000 and RM14,514,000 respectively. Further, the Company and certain subsidiaries have been engaging with its existing lenders since the beginning of 2020 to restructure and reschedule its financing facilities to strengthen the financial position as disclosed in Note 22 to the financial statements. As stated in Note 2 to the financial statements, the ability of the Group and the Company to continue as going concern are highly dependent on successful implementation of restructuring measures which include operational recovery from the Covid-19 pandemic for leisure and property development division, favourable outcome of the ongoing discussions with the existing lenders and also trade payables on restructuring and rescheduling the payment for remaining outstanding debts, successful in restoring its financial position and achieving sustainable and viable operations and proper planning and monitoring of its working capital management. The above events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group’s and the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.” None of the Key Audit Matters Disclosed in the Independent Auditors’ Report relates to the MUGC paragraph above. This announcement is dated 27 August 2020.