Acquisition of property by Bripanel Industries Sdn Bhd ("Acquisition")
| DOMINANT ENTERPRISE BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-04122025-00001 |
| Subject | Acquisition of property by Bripanel Industries Sdn Bhd ("Acquisition") |
| Description | DOMINANT ENTERPRISE BERHAD ("DOMINAN" or "the Company")
- Acquisition of Property by Bripanel Industries Sdn. Bhd., a Wholly-Owned Subsidiary of the Company |
| Query Letter Contents | We refer to DOMINAN’s announcement dated 3 December 2025 in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) the manner in which the purchase consideration of RM23,500,000 will be satisfied;
2) basis of arriving/determining the purchase consideration, including brief information on the internal review and “demand and price of other properties in the surrounding areas”;
3) justifications for the purchase consideration;
4) the prospects of the land and buildings (“the Property”) to be acquired;
5) to specify and elaborate on “normal operational risks associated with the Acquisition”;
6) to state whether the Acquisition is subject to the approval of government authorities;
7) the estimated time frame to complete the Acquisition;
8) the approximate area of the land;
9) the number of storeys and built-up area of the factory building;
10) the approximate age of the factory building;
11) the existing and proposed use of the Property;
12) the terms of the tenure of the land; if leasehold, the expiry date of the lease;
13) whether any valuation was carried out on the Property; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value;
14) the net book value of the Property based on the latest audited financial statements; and
15) whether the 5 legal charges on the Property will be discharged prior to the completion of the Acquisition.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully
Listing Group Regulation
c.c. : Market Surveillance Dept., Securities Commission Malaysia (via email) |
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Furtherance to our announcement dated 3 December 2025 in respect of the Acquisition of Property by Bripanel Industries Sdn. Bhd., a Wholly-Owned Subsidiary of the Company, the Board of Directors of DOMINAN is pleased to furnish the additonal information raised by Bursa Malaysia Securities Berhad as per the attachment.
This announcement is dated 5 December 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | DOMINANT ENTERPRISE BERHAD |
| Stock Name | DOMINAN |
| Date Announced | 05 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04122025-00027 |