SDS

0.630

(%)

Reply to Bursa Malaysia Securities Berhad's query on 18 August 2025 in relation to the Proposed acquisition of factories and assets by SDS Top Baker Sdn Bhd, an indirect wholly-owned subsidiary of SDS Group Berhad ("SDS" or "the Company"), for a total purchase consideration of RM28 million ("Proposed Acquisitions")

SDS GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18082025-00001
Subject Reply to Bursa Malaysia Securities Berhad's query on 18 August 2025 in relation to the Proposed acquisition of factories and assets by SDS Top Baker Sdn Bhd, an indirect wholly-owned subsidiary of SDS Group Berhad ("SDS" or "the Company"), for a total purchase consideration of RM28 million ("Proposed Acquisitions")
Description
Proposed acquisition of factories and assets by SDS Top Baker Sdn Bhd, an indirect wholly-owned subsidiary of SDS Group Berhad ("SDS" or "the Company"), for a total purchase consideration of RM28 million ("Proposed Acquisitions")
Query Letter Contents

We refer to your Company’s announcement dated 15 August 2025 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1. Name of the directors and ultimate major shareholder(s) of Mamee-Double Decker (M) Sdn Bhd, and their respective shareholdings in Mamee-Double Decker (M) Sdn Bhd.

 

2. With regard to the Factories, to provide the following:-

  • the existing and proposed use;
  • the approximate age of the factory buildings;
  • whether the lands and factories are contiguous to each other;
  • the net book value based on the latest audited financial statements; and
  • whether any valuation was carried out on the lands and factories; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

3. With regard to the Assets, to provide the following:-

  • the net book value based on the latest audited financial statements; and
  • whether any valuation was carried out on the Assets; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

4. To state the basis of arriving at the consideration of RM26 million for the Factories.

 

5. To state the basis of arriving at the consideration of RM2 million for the Assets.

 

6. To state the justifications for the consideration of RM26 million for the Factories.

 

7. To state the justifications for the consideration of RM2 million for the Assets.

 

8. To elaborate on the effect of the Proposed Acquisitions on the Company’s earnings per share, net assets per share, and gearing for the financial year ending 31 March 2027.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

Listing 

Regulation

c.c. : Market Surveillance Dept., Securities Commission Malaysia (via email)

Reference is made to the Announcement dated 15 August 2025 in respect of the aforesaid matter ("Announcement").

 

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcement).

 

The Board wishes to announce the additional information as requested by Bursa Malaysia Securities Berhad via its letter (Reference No. IQL-18082025-00001) dated 18 August 2025.

 

Please refer to the attachment for further details.

 

This announcement is dated 19 August 2025.



Please refer attachment below.

Attachments

SDS-Reply to Bursa Query.pdf
119.8 kB



Announcement Info

Company Name SDS GROUP BERHAD
Stock Name SDS
Date Announced 19 Aug 2025
Category General Announcement for PLC
Reference Number GA1-19082025-00025