WARISAN

0.665

(%)

Disposal of a piece of industrial property held under HSD 156434, PT 1A, Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor bearing postal address of Lot 1A, Jalan Kemajuan, Seksyen 13, 46200 Petaling Jaya, Selangor to Leisure Event Sdn. Bhd., a wholly-owned subsidiary of Avaland Holdings Berhad, which in turn is a wholly-owned subsidiary of Avaland Berhad, for a total cash consideration of RM49 million ("Disposal")

WARISAN TC HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-18072025-00002
Subject Disposal of a piece of industrial property held under HSD 156434, PT 1A, Bandar Petaling Jaya, Daerah Petaling, Negeri Selangor bearing postal address of Lot 1A, Jalan Kemajuan, Seksyen 13, 46200 Petaling Jaya, Selangor to Leisure Event Sdn. Bhd., a wholly-owned subsidiary of Avaland Holdings Berhad, which in turn is a wholly-owned subsidiary of Avaland Berhad, for a total cash consideration of RM49 million ("Disposal")
Description
WARISAN TC HOLDINGS BERHAD
DISPOSAL OF A PIECE OF INDUSTRIAL PROPERTY HELD UNDER HSD 156434, PT 1A, BANDAR PETALING JAYA, DAERAH PETALING, NEGERI SELANGOR BEARING POSTAL ADDRESS OF LOT 1A, JALAN KEMAJUAN, SEKSYEN 13, 46200 PETALING JAYA, SELANGOR TO LEISURE EVENT SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF AVALAND HOLDINGS BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AVALAND BERHAD, FOR A TOTAL CASH CONSIDERATION OF RM49 MILLION
Query Letter Contents

We refer to your Company’s announcement dated 16 July 2025 in respect of the aforesaid matter.

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

  1. breakdown of the intended utilisation of RM38.2m allocated for working capital purposes and to provide explanatory note for each item.
  2. breakdown of the intended utilisation of RM9m allocated for capital expenditure and to provide explanatory note for each item.

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

 

Yours faithfully

 

Listing 

Regulation

c.c. : Market Surveillance Dept., Securities Commission Malaysia (via email)

Reference is made to the announcements of the Company dated 1 July 2025 and 16 July 2025 as well as the letter from Bursa Malaysia Securities Berhad dated 18 July 2025 pertaining to the Disposal (“Earlier Announcements”).

 

Unless otherwise expressly defined in this announcement, terms and expressions used in this announcement shall have the same meanings as ascribed to them in the Earlier Announcements.

 

Please refer to the attachment for further details of the announcement.

 

This announcement is dated 21 July 2025.



Please refer attachment below.



Announcement Info

Company Name WARISAN TC HOLDINGS BERHAD
Stock Name WARISAN
Date Announced 21 Jul 2025
Category General Announcement for PLC
Reference Number GA1-21072025-00044