Disposal of 1 Unit of Factory bearing postal address of Lot. 2579, Lorong Perusahaan 10, Prai Industrial Estate, 13600 Prai, in Daerah Seberang Perai Tengah, Negeri Pulau Pinang, by YLI Holdings Berhad ("YLI" or "the Company")'s wholly owned subsidiary, Yew Lean Foundry & Co Sdn Bhd to Hong Kuan Metals Recycle Sdn Bhd for RM18,000,000 ("Proposed Disposal")
| YLI HOLDINGS BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-18092025-00004 |
| Subject | Disposal of 1 Unit of Factory bearing postal address of Lot. 2579, Lorong Perusahaan 10, Prai Industrial Estate, 13600 Prai, in Daerah Seberang Perai Tengah, Negeri Pulau Pinang, by YLI Holdings Berhad ("YLI" or "the Company")'s wholly owned subsidiary, Yew Lean Foundry & Co Sdn Bhd to Hong Kuan Metals Recycle Sdn Bhd for RM18,000,000 ("Proposed Disposal") |
| Description | YLI Holdings Berhad ("YLI" or "the Company") -
Further announcement pertaining to Disposal of One (1) Unit of Factory bearing postal address of Lot. 2579, Lorong Perusahaan 10, Prai Industrial Estate, 13600 Prai, in Daerah Seberang Perai Tengah, Negeri Pulau Pinang, by YLI's wholly-owned subsidiary, Yew Lean Foundry & Co. Sdn. Bhd. to Hong Kuan Metals Recycle Sdn. Bhd. for RM18,000,000.00 |
| Query Letter Contents | We refer to your Company’s announcement dated 17 September 2025 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. the original cost and date of investment for the land and building.
2. basis of arriving at the disposal consideration of RM18 million (other than on a willing buyer willing seller basis).
3. justifications for the disposal consideration of RM18 million, including justifications for the premium of RM4 million above the market value.
4. to breakdown the intended utilisation of RM18 million allocated for working capital and to provide detailed explanatory note for each item.
5. the effect of the Proposed Disposal on the earnings per share for FYE 31 March 2026.
6. the proforma effect of the Proposed Disposal on the gearing of YLI for FYE 31 March 2025.
7. as the Property is currently used for storage and office purposes, to state the effect of the Proposed Disposal on YLI’s operations.
8. the approximate age and built-up area of the building.
9. with regard to the land, to state the expiry date of the lease.
10. the net book value for the land and building based on the latest audited financial statements.
11. the time and place where the Valuation Report may be inspected.
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 Company's announcements dated 17 September 2025 (Reference No. GA1-11092025-00048)
The Board of Directors wishes to announce the following additional information as required by Bursa Malaysia Securites Berhad via its Query Letter (Reference No. IQL-18092025-00004) dated 18 September 2025.
Please refer to the attachment for the additional information.
This announcement is dated 19 September 2025.
Please refer attachment below. |
|
Please refer attachment below.
Announcement Info
| Company Name | YLI HOLDINGS BERHAD |
| Stock Name | YLI |
| Date Announced | 19 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19092025-00031 |