WIDAD

0.015

(%)

DISPOSAL BY WIDAD BUILDERS SDN BHD ("WBSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP BERHAD ("WIDAD"), OF A 12-STOREY OFFICE BUILDING INCLUSIVE OF 6 LEVELS OF ELEVATED CAR PARKS ("PROPERTY") TO RICHFIELD BUILDER (M) SDN BHD ("RBSB) FOR A TOTAL CONSIDERATION OF RM41,500,000 ("DISPOSAL")

WIDAD GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-29042025-00001
Subject DISPOSAL BY WIDAD BUILDERS SDN BHD ("WBSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP BERHAD ("WIDAD"), OF A 12-STOREY OFFICE BUILDING INCLUSIVE OF 6 LEVELS OF ELEVATED CAR PARKS ("PROPERTY") TO RICHFIELD BUILDER (M) SDN BHD ("RBSB) FOR A TOTAL CONSIDERATION OF RM41,500,000 ("DISPOSAL")
Description 
DISPOSAL BY WIDAD BUILDERS SDN BHD ("WBSB"), A WHOLLY-OWNED SUBSIDIARY OF WIDAD GROUP BERHAD ("WIDAD"), OF A 12-STOREY OFFICE BUILDING INCLUSIVE OF 6 LEVELS OF ELEVATED CAR PARKS ("PROPERTY") TO RICHFIELD BUILDER (M) SDN BHD ("RBSB) FOR A TOTAL CONSIDERATION OF RM41,500,000 ("DISPOSAL")
Query Letter Contents

We refer to your Company’s announcement dated 28 April 2025, in respect of the aforesaid matter.


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1.

The existing use of the Property. If currently let out, the details of the rentals and the rental income or expected rental income per month or per annum.

2.

Particulars of any liabilities, including contingent liabilities, in relation to the Disposal which remain with WBSB/WIDAD, together with the details and justification for such arrangements.

3.

Particulars of any guarantees given by WBSB/WIDAD to RBSB.

4.

With regards to the Property, the following information:

(a) the amount of lettable space;

(b) the amount of lettable space available for letting and the occupancy; and

(c) the percentage of occupancy.

5.

The breakdown of the intended application of the sale proceeds between settlement of borrowings and working capital, and the timeframe for full utilisation of sale proceeds.

6.

The risks in relation to the Disposal.

7.

The effect of the Disposal on the earnings per share, net assets per share and gearing in tabular form.

8.

Direct and indirect shareholdings of the directors and substantial shareholders of RBSB in RBSB.

9.

Whether the Disposal is subject to approval of the  relevant government authorities, and if so the estimated time frame for submission of the application to such authorities.

 

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

 

Yours faithfully

Listing

Regulation

 

copy : Market Surveillance Dept., Securities Commission

,

We refer to your Company’s announcement dated 28 April 2025, in respect of the aforesaid matter.


In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1.

The existing use of the Property. If currently let out, the details of the rentals and the rental income or expected rental income per month or per annum.

2.

Particulars of any liabilities, including contingent liabilities, in relation to the Disposal which remain with WBSB/WIDAD, together with the details and justification for such arrangements.

3.

Particulars of any guarantees given by WBSB/WIDAD to RBSB.

4.

With regards to the Property, the following information:

(a) the amount of lettable space;

(b) the amount of lettable space available for letting and the occupancy; and

(c) the percentage of occupancy.

5.

The breakdown of the intended application of the sale proceeds between settlement of borrowings and working capital, and the timeframe for full utilisation of sale proceeds.

6.

The risks in relation to the Disposal.

7.

The effect of the Disposal on the earnings per share, net assets per share and gearing in tabular form.

8.

Direct and indirect shareholdings of the directors and substantial shareholders of RBSB in RBSB.

9.

Whether the Disposal is subject to approval of the  relevant government authorities, and if so the estimated time frame for submission of the application to such authorities.

 

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

 

Yours faithfully

Listing

Regulation

 

copy : Market Surveillance Dept., Securities Commission

(Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 28 April 2025 in relation to the Disposal)

 

Reference is made to the Announcement pertaining to the Disposal of Property by Widad Builders Sdn Bhd, a wholly-owned subsidiary of Widad, the Board wishes to announce the following additional information.

Please refer to the attachment for additional information.

This announcement is dated 30 April 2025.

Please refer attachment below.

Attachments

Widad Group Berhad - Additional Information.pdf
125.9 kB


Announcement Info

Company Name WIDAD GROUP BERHAD
Stock Name WIDAD
Date Announced 30 Apr 2025
Category General Announcement for PLC
Reference Number GA1-30042025-00039


View original announcement