BEDI

0.465

+0.005 (+1.1%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS BEDI BERHAD ("BEDI" OR THE "COMPANY") (FORMERLY KNOWN AS WMG HOLDINGS BHD.) - PROPOSED DISPOSAL BY WAH MIE REALTY SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF BEDI, OF ALL THAT PARCEL OF LAND MEASURING APPROXIMATELY 49,920 SQUARE FEET HELD UNDER CL015379487 SITUATED AT MILE 5, TUARAN ROAD, IN THE DISTRICT OF KOTA KINABALU, SABAH, MALAYSIA TOGETHER WITH TWO (2) WAREHOUSES AND ONE (1) OFFICE BLOCK ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM14.30 MILLION ("PROPOSED DISPOSAL")

Amended Announcements
Please refer to the earlier announcement reference number: GA1-11052026-00059

BEDI BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
BEDI BERHAD ("BEDI" OR THE "COMPANY") (FORMERLY KNOWN AS WMG HOLDINGS BHD.) - PROPOSED DISPOSAL BY WAH MIE REALTY SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF BEDI, OF ALL THAT PARCEL OF LAND MEASURING APPROXIMATELY 49,920 SQUARE FEET HELD UNDER CL015379487 SITUATED AT MILE 5, TUARAN ROAD, IN THE DISTRICT OF KOTA KINABALU, SABAH, MALAYSIA TOGETHER WITH TWO (2) WAREHOUSES AND ONE (1) OFFICE BLOCK ERECTED THEREON FOR A TOTAL CASH CONSIDERATION OF RM14.30 MILLION ("PROPOSED DISPOSAL")

(Unless stated otherwise, abbreviations and definitions used throughout this announcement shall be the same as the announcement of the Company dated 11 May 2026).

 

Reference is made to the announcement dated 11 May 2026 in relation to the Proposed Disposal, the Board of Directors of BEDI wishes to clarify that Section 4(c) in the content of the announcement shall be read as follows:

 

4.         BASIS AND JUSTIFICATION FOR THE DISPOSAL CONSIDERATION

 

(c) Gross and Net Proceeds

 

The disposal will generate gross proceeds of RM14.3 million. After deducting estimated expenses and income tax payments, the net proceeds are expected to be approximately RM12.7 million, to be utilised as follows:

 

(i) RM3.0 million for repayment of bank borrowings within three (3) months; and

(ii) RM9.7 million to finance future expansion and strategic initiatives.

 

The corresponding corrections and the amended announcement in relation to the Proposed Disposal are outlined in the attachment below.

 

This announcement is dated 12 May 2026.

 

Remarks:

This amended announcement is made to provide clarification on the net proceeds of the Proposed Disposal for better clarity. All other details remain unchanged.


Please refer attachment below.

Attachments

260512_Amended_BEDI_WMR Disposal of Land (Mile 5 Tuaran Road).pdf
224.1 kB


Announcement Info

Company Name BEDI BERHAD
Stock Name BEDI
Date Announced 12 May 2026
Category General Announcement for PLC
Reference Number GA1-11052026-00079


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