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OTHERS MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" OR "THE GROUP")
REVALUATION OF PROPERTY, PLANT AND EQUIPMENT
MELEWAR INDUSTRIAL GROUP BERHAD
Type
Announcement
Subject
OTHERS
Description
MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" OR "THE GROUP")
REVALUATION OF PROPERTY, PLANT AND EQUIPMENT
1) INTRODUCTION
Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MIG ("the Board") wishes to announce that MIG had undertaken a revaluation exercise on the land, buildings, plant, machinery and electrical installation held by the Group. The Board had at its meeting held on 27 August 2026 approved the valuation reports and the incorporation of the revaluation surplus arising from the revaluation in the fourth quarter unaudited financial results of MIG for the financial year ended 30 June 2026.
2) PURPOSE
The revaluation was carried out in accordance with the Group's accounting policy to determine the fair value of the Group's property, plant and equipment comprising the land, building, plant, machinery and electrical installation periodically, with sufficient regularity.
3) REVALUATION SURPLUS
The details of the revaluation surplus are set out below:
Location of the Property, Plant and Equipment
Type of Property, Plant and Equipment
Valuer / Valuation date
Market Value (RM)
Gross Revaluation Surplus/(Deficit) (RM)
Lot 53, Persiaran
Selangor, 40200
Shah Alam,
Selangor
Industrial land
and factory cum
office building
(Leasehold)
PA International Property
Consultants (KL) Sdn Bhd
30 June 2026
34,000,000
664,342
Plant, machinery
& electrical
installation
PA International Property
Consultants (KL) Sdn Bhd
30 June 2026
5,920,000
96,805
Location of the Property, Plant and Equipment
Type of Property, Plant and Equipment
Valuer/Valuation date
Market Value (RM)
Gross Revaluation
Surplus/(Deficit) (RM)
No. 49, Jalan Utas 15/7, 40200 Shah Alam, Selangor
Industrial land and factory building (Leasehold)
PA International Property Consultants (KL) Sdn Bhd 30 June 2026
50,200,000
1,556,691
Plant, machinery & electrical installation
PA International Property Consultants (KL) Sdn Bhd 30 June 2026
10,838,000
110,745
Lot 10, Persiaran Selangor,
40200 Shah Alam Selangor
Industrial land and factory building (Leasehold)
PA International Property Consultants (KL) Sdn Bhd 5 June 2026
30,500,000
(1,934,015)
Plant, machinery & electrical installation
PA International Property Consultants (KL) Sdn Bhd 5 June 2026
13,949,000
19,131
Lot 717, Jalan Sungai Rasau, Seksyen 16,
40200 Shah Alam, Selangor
Industrial land and factory cum office building (Freehold)
PA International Property Consultants (KL) Sdn Bhd 30 June 2026
123,300,000
1,959,111
Plant, machinery & electrical installation
PA International Property Consultants (KL) Sdn Bhd 30 June 2026
132,213,000
24,128
No. 1 Jalan BCU 3, Kawasan Perindustrian Batu Caves Utara, 68000 Batu Caves
Plant, machinery & electrical installation
PA International Property Consultants (KL) Sdn Bhd 30 June 2026
Based on the fourth quarter unaudited financial results of MIG for the financial year ended 30 June 2026, the net assets per share of MIG increased from RM1.17 to RM1.18 upon incorporation of the revaluation surplus, net of deferred tax, of RM2,354,834.
5) DOCUMENTS AVAILABLE FOR INSPECTION
The valuation reports of the property, plant and equipment are available for inspection at the Registered Office of MIG at Suite 11.05, 11th Floor, No.566, Jalan Ipoh, 51200 Kuala Lumpur during normal business hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement.