On behalf of the Board of Directors of KHPT, KAF Investment Bank Berhad wishes to announce that the Company proposes to undertake the following;
- proposed acquisition by KHPT of 5,000,000 ordinary shares in Ngai Cheong Metal Industries Sdn Bhd ("NCMI"), representing 100% equity interest in NCMI, for a total cash consideration of RM19.50 million ("Proposed Acquisition");
- proposed lease by NCMI of a building located at PT 57121, Jalan Meranti Perdana 2, Taman Perindustrian Meranti Perdana, 47100 Puchong, Selangor from Ngai Cheong Realty Sdn Bhd ("Proposed Lease");
- proposed diversification of the existing business operations of KHPT and its subsidiary to include the metal stamping services to non-automotive sectors ("Proposed Diversification"); and
- proposed variation of proceeds raised from the initial public offering of the Company pursuant to Rule 8.24 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Proposed Variation").
Collectively referred to as the "Proposals".
Further details of the Proposals are set out in the attachment enclosed.
This announcement is dated 27 April 2026.