We refer to your Company's announcement dated 3 August 2026, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1)     It is disclosed that the total proceeds of approximately RM6 million to be raised from the Proposed Private Placement of 10% are expected to be used to part finance the implementation of the following projects:-

In view that the total proceeds to be raised, which are earmarked for the development of aforesaid projects are quite minimal as compared to the overall value of the GDC and having taken into account the 2 private placement exercises that were implemented in 2024 and 2025, please provide further disclosure and justification on whether other forms of fund raising exercise such as pro-rata rights issue, etc would be a more meaningful and better option to raise more proceeds.  The Rights Issue (with the support of the existing substantial shareholders of the Company) will enable the Company to raise substantial funds for the implementation of its outstanding projects, without having to dilute the shareholdings of its existing shareholders.

2)     It is noted that Trident Treasure Sdn Bhd, a 40%-owned associate company of the Company, had completed the disposal of the Puncak Jalil land on 28 July 2026 and that the Group expects to receive approximately RM45 million in cash from its 40% shareholding. The proceeds are intended to be utilised to pare down the Group's existing borrowings and liabilities.

Please provide the following:

a)     The estimated timeframe for the utilisation of RM45 million proceeds from the disposal, including a breakdown of the intended utilisation and corresponding amounts; and

b)     Given that the Company's Proposed Private Placement aims to raise funds for, among others, project implementation and working capital purposes, please clarify whether the Board had considered utilising all or part of the expected proceeds from the Puncak Jalil land disposal for such purposes.

3)     Given the Group's reliance on multiple equity fund-raising exercises since 2024, please explain what is the Board's broader capital management strategy, and how the Proposed Private Placement fits within the strategy, including the measures being undertaken to ensure that future project implementation and working capital requirements can be supported by sustainable operating cash flows and internally generated funds.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,
Listing 

Group Regulation
 

Cc : Market Surveillance Department, Securities Commission Malaysia