1. INTRODUCTION
Pursuant to paragraph 9.19(46) of Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of Public Packages Holdings Berhad (198701003743 (162413-K)) (“PPHB” and “the Company”) wishes to announce that the PPHB Group has carried out a revaluation on its properties as detailed in paragraph 3 (“the Revaluation”).
2. PURPOSE OF REVALUATION
The said revaluation exercise was undertaken to reflect the fair value of the Group’s investment properties in the financial statements of the Group for the financial year ended 31 December 2025. Such revaluation exercise is in compliance with MFRS140 Investment property.
3. DETAILS OF THE REVALUATION
Details breakdowns of the Revaluation are as follows:
PPHB’s Investment Properties
| Location |
Revaluation on 31 December 2024 |
Revaluation on 31 December 2025 |
Fair Value Gain |
| Unit 1-15-3 Persiaran Gurney, Penang |
1,300,000 |
1,300,000 |
- |
| No.A-17-02, Verticas Residensi, Jalan Ceylon, Kuala Lumpur |
1,650,000 |
1,650,000 |
- |
| 84 Lebuhraya Kapal Penang |
520,000 |
560,000 |
40,000 |
No.368-2-4, Bellisa Row,
Jalan Burma, 10350 Penang |
650,000 |
650,000 |
- |
No.1-4-3, Taman Desa Relau,
Lebuh Relau 2, 11900 Penang |
270,000 |
280,000 |
10,000 |
No.5-2-4, Edgecumbe Court,
Jalan Edgecumbe, 10250 Penang |
430,000 |
430,000 |
- |
| No.92A, Jalan Pisang Berangan, Farlim Square, 11500 Ayer Itam, Penang |
2,300,000 |
2,600,000 |
300,000 |
| Lot 741 Section 23 |
12,000,000 |
13,400,000 |
1,400,000 |
| Lot 743 Section 23 |
5,700,000 |
6,400,000 |
700,000 |
| |
|
Total |
2,450,000 |
PPHB’s Joint Venture
| Location |
Revaluation on 31 December 2024 |
Revaluation on 31 December 2025 |
Fair Value Gain |
| No.3974, Jalan Cenderawasih, Nibong Tebal |
55,500,000 |
66,000,000 |
10,500,000 |
| |
|
Total |
10,500,000 |
4. EFFECT ON NET ASSETS (“NA”) PER SHARE
Such fair value changes on investment properties and increase in revaluation reserve will be accounted for and recognised in financial statements for the financial year ended 31 December 2025.
The recognition of fair value changes on investment properties and increase in revaluation reserve has resulted in an increase in Net Assets (“NA”) per share of the Group of approximately RM0.001 for the financial year ended 31 December 2025.
5. DOCUMENTS AVAILABLE FOR INSEPCTIONS
Copies of Revaluation Report dated 31 December 2025 prepared by Nawawi Tie Leung Property Sdn.Bhd. can be inspected at registered office of PPHB at Wisma Public Packages, Plot 67 Lintang Kampong Jawa, Bayan Lepas Industrial Estate, 11900 Bayan Lepas, Penang, from 9.00a.m. to 5.00 p.m. during normal business hours for a period of 3 months the date of this announcement.
This announcement is dated 06 January 2026.
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