| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
Bonia Corporation Berhad |
Unless otherwise stated, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcement dated 18 August 2020 (Reference Number: GA1-18082020-00085) in relation to the Acquisition.
Further to Company’s announcement dated 18 August 2020 in relation to the Acquisition, the Board wishes to provide the following additional information as follows:
1. Further information on the Lands
|
Information |
Land1 |
Land2 |
|
Description of building erected thereon |
Double-storey bungalow used for seafood restaurant |
Double storey container hotel |
|
Age of building erected thereon |
7 years |
5 years |
|
Existing / proposed use for the Lands |
Currently tenanted to PRCG |
Unoccupied |
|
Net book value based on the latest financial statement |
The information of net book value of the Lands is not made available to BCB nor CBSB as the Lands are owned by CLSB |
|
BCB had engaged Akram & Co. Sendirian Berhad (Company No. 911547-W) (“ACSB”), a registered property valuer to conduct an indicative valuation on the Lands. ACSB has adopted a comparison method in arriving at the valuation as detailed in its indicative valuation report dated 01 July 2020 and reported the total market value of both Land1 and Land2 at RM49,350,000 (ie. RM2,200 psf).
The indicative valuation report is available for inspection at the registered office of the Company at No.5-1, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, Wilayah Persekutuan, Malaysia from Monday to Friday (except public holidays) during normal office hours for a period of 3 months from the date of this announcement.
2. Directors, substantial shareholders of CLSB together with their respective shareholdings
|
Director(s) |
Lam Meng Chan @ Lum Pik Tsing, Puan Sri Datin Tan Poh Siang Tan Poh Thye Tan Poh Chai Tan Poh Long
|
|
Shareholder(s) and shareholdings |
Tan Lai Kim (Holdings) Sdn. Bhd. – 100.00% = RM10,350,000.00
|
Source: SSM Corporate Information generated from SSM e-Info Services on 17 August 2020 (SSM = Suruhanjaya Syarikat Malaysia)
3. Background information on CBSB
|
Information |
From the date of incorporation (Pre-Subscription) |
After the subscription of shares by BCB |
|
Date of incorporation
|
06 July 2020 |
N/A |
|
Principal business activities
|
Property investment and investment holding company |
Property investment and investment holding company |
|
Issued and paid-up capital
|
RM1 divided into 1 ordinary share |
RM10,000 divided into 10,000 ordinary shares |
|
Director(s) |
Chiang Sang Sem |
Chiang Sang Sem Datuk Chiang Heng Kieng Dato’ Sri Chiang Fong Seng Tan Tai Kwan Fong Kok Leong
|
|
Shareholder(s) and shareholdings |
BCB - 100% = 1 ordinary share |
BCB – 65.00% = 6,500 ordinary shares Actual Prolific Sdn. Bhd. – 25.00% = 2,500 ordinary shares Aun Chin Poh – 2.50% = 250 ordinary shares Geo Land Sdn. Bhd. – 7.50% = 750 ordinary shares
|
4. Completion of the subscription of shares by BCB in CBSB (“Subscription”) and the rationale for undertaking the Acquisition prior to the Subscription
The subscription of shares by BCB in CBSB was completed on 18 August 2020. BCB is now holding 65% equity interest equivalent to 6,500 ordinary shares or RM6,500 in the share capital of CBSB of which the subscription monies were funded by an internal generated fund.
The resultant shareholding structure of CBSB was determined prior to the Acquisition but the Subscription was only being completed thereafter due to a slight delay in administrative arrangement.
This announcement is dated 25 August 2020.
| Company Name | BONIA CORPORATION BERHAD |
| Stock Name | BONIA |
| Date Announced | 25 Aug 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25082020-00115 |
