MERSEC

0.285

+0.005 (+1.8%)

OTHERS Revaluation of Properties

MERCURY SECURITIES GROUP BERHAD

Type Announcement
Subject OTHERS
Description
Revaluation of Properties

1. Introduction

 

Pursuant to Rule 9.19(46) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“Board”) of Mercury Securities Group Berhad (“MSGB” or “Company”) wishes to announce that Mercury Securities Sdn Bhd, a wholly-owned subsidiary of the Company, had undertaken a revaluation exercise on its property assets held as land and buildings (collectively “Properties”) (“Revaluation”) in accordance with the Malaysian Financial Reporting Standard 13: Fair Value Measurement.

 

The valuation of the Properties was conducted by two (2) independent property valuers, namely AJC Property Surveyors Sdn Bhd and JLL Appraisal & Property Services Sdn Bhd.

 

The Board has approved the incorporation of the revaluation surplus of RM1,685,642 arising from the Revaluation in the Company’s unaudited consolidated financial statements for the fourth (4th) financial quarter ended 31 October 2025 as well as the Company’s audited consolidated financial statements for the financial year ended 31 October 2025.

 

2. Details of the Properties Revalued and Revaluation Surplus

 

The details of the Properties subject to the Revaluation are as follows:

 

Location/Address of Properties

Description of Properties

Name of Property Valuer

Date of Valuation

Market Value as at 31 October 2025

Revaluation Surplus

No.1 (Ground floor, 1st floor, 2nd floor and 3rd floor), Jalan Todak 5, Pusat Bandar Seberang Jaya, 13700 Prai, Pulau Pinang

4-storey shophouse used as office for Butterworth Branch currently

AJC Property Surveyors Sdn Bhd

17 October 2025

RM4,800,000

RM150,000

L-7-2, No. 2, Jalan Solaris, Solaris Mont’ Kiara, 50480 Kuala Lumpur

Office unit in the 7th floor of a 10-storey building used as office for Head Office and Kuala Lumpur Branch

JLL Appraisal & Property Services Sdn Bhd

29 October 2025

RM7,570,000

RM670,000

K-3A-5, No. 2, Jalan Solaris, Solaris Mont’s Kiara, 50480 Kuala Lumpur

Office unit in the 4th floor of a 10-storey building used as office for Head Office and Kuala Lumpur Branch

JLL Appraisal & Property Services Sdn Bhd

29 October 2025

RM1,290,000

RM335,886

K-3A-6, No. 2, Jalan Solaris, Solaris Mont’s Kiara, 50480 Kuala Lumpur

Office unit in the 4th floor of a 10-storey building used as office for Head Office and Kuala Lumpur Branch

JLL Appraisal & Property Services Sdn Bhd

29 October 2025

RM980,000

RM259,756

81, 81A & 81B, Jalan Merdeka, Taman Melaka Raya, 75000 Melaka

3-storey shophouse used as office for Melaka Branch

JLL Appraisal & Property Services Sdn Bhd

31 October 2025

RM1,190,000

RM270,000

 

 

 

Total

RM15,830,000

RM1,685,642

 

3. Effect on the Net Assets Per Share

 

Based on the Company’s unaudited consolidated financial statements for the financial quarter ended 31 October 2025, the revaluation surplus (net of deferred tax) of RM1,517,078 has resulted in an increase of the net assets per share of the Group by approximately 0.17 sen to 21.50 sen as at 31 October 2025.

 

4. Documents Available for Inspection

 

The valuation reports of the Properties are available for inspection at the Registered Office of the Company located at Unit 30-01, Level 30, Tower A Vertical Business Suite, Avenue 3, Bangsar South No. 8, Jalan Kerinchi, 59200 Kuala Lumpur during normal office hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement.

 

This announcement is dated 30 December 2025.






Announcement Info

Company Name MERCURY SECURITIES GROUP BERHAD
Stock Name MERSEC
Date Announced 30 Dec 2025
Category General Announcement for PLC
Reference Number GA1-30122025-00020