Acquisition of 2 pieces of leasehold vacant lands together with building by Ornapaper Industry (M) Sdn Bhd, a wholly-owned subsidiary of the Company ("Proposed Acquisition")
| ORNAPAPER BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-06102025-00001 |
| Subject | Acquisition of 2 pieces of leasehold vacant lands together with building by Ornapaper Industry (M) Sdn Bhd, a wholly-owned subsidiary of the Company ("Proposed Acquisition") |
| Description | Reply to Bursa Malaysia Securities Berhad's query dated 6 October 2025. |
| Query Letter Contents | We refer to ORNA’s announcement dated 2 October 2025 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) manner in which the purchase consideration of RM7,200,000 will be satisfied;
2) the net book value for the Property based on latest audited financial statements;
3) with reference to the 4-storey worker hostel building which is currently being developed by the Vendor, to incorporate the following information:
a) number of units and built-up area of each unit;
b) commencement date and expected completion date of the development;
c) existing stage of the development and percentage of completion; and
d) whether relevant approvals for the development of the worker hostel building have been obtained and dates obtained;
4) details of Clause 4, Clause 20 and Clause 24 of the SPA;
5) the effect of the Proposed Acquisition on the earnings per share, net assets per share and gearing for the financial year ending 31 December 2026; and
6) 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) |
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Reference is made to the Company's announcement on 2 October 2025 (“Earlier Announcement”) pertaining to the above matter and Bursa Malaysia Securities Berhad's Query Letter dated 6 October 2025 (Reference ID. IQL-06102025-00001).
Please refer to the attachment for the Company's response to the query by Bursa Malaysia Securities Berhad.
This announcement is dated 7 October 2025.
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Please refer attachment below.
Announcement Info
| Company Name | ORNAPAPER BERHAD |
| Stock Name | ORNA |
| Date Announced | 07 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06102025-00048 |