Knusford Bhd is engaged in investment holding and property investment. The group has four reportable segments namely trading and services, property development, investment property, and construction.




Trading and services include reconditioning, sales and rental of light and heavy machinery, trading and building materials, provision of transportation services and project management services. Property development includes the development of residential and commercial properties.

Investment property consists of leasing of property. Construction includes civil works contracting and landscape construction/maintenance. The revenues of the group are derived from its operations in Malaysia.

# Notice Of Person Ceasing (29C) - DYMM Sultan Ibrahim Ibni Almarhum Sultan Iskandar

**BackOct 19, 2015**

## Particulars of Substantial Securities Holder

**No.**	**Field**	**Details**
---	---	---
1	**Name**	DYMM SULTAN IBRAHIM IBNI ALMARHUM SULTAN ISKANDAR
2	**Address**	Istana Pasir Pelangi, Pasir Pelangi, Johor Bahru, 80500 Johor, Malaysia.
3	**NRIC/Passport No/Company No.**	-
4	**Nationality/Country of incorporation**	Malaysia
5	**Descriptions (Class & nominal value)**	Ordinary Shares of RM1.00 each
6	**Date of cessation**	13 Oct 2015
7	**Name & address of registered holder**	Aman Setegap Sdn Bhd, Ground Floor, Wisma Ekovest, No. 118, Jalan Gombak, 53000 Kuala Lumpur
8	**Currency**	Malaysian Ringgit (MYR)
9	**No of securities disposed**	30,000,000
10	**Price Transacted ($$)**
11	**Circumstances by reason of which Securities Holder has interest**	Private Arrangement
12	**Nature of interest**	Indirect
13	**Date of notice**	19 Oct 2015

### Remarks:
Disposal of shares in Aman Setegap Sdn Bhd, which in turn holds 30,000,000 ordinary shares in Knusford Berhad.

### Announcement Info:

**No.**	**Field**	**Details**
---	---	---
14	**Company Name**	KNUSFORD BERHAD
15	**Stock Name**	KNUSFOR
16	**Date Announced**	19 Oct 2015
17	**Category**	Notice of Person Ceasing Substantial Shareholders Pursuant to Form 29C
18	**Reference Number**	CS3-15102015-00001

Company Name EKOVEST CONSTRUCTION SDN. BHD.
Company Registration No. 0251734T / 199201020230
Nature of Business CIVIL ENGINEERING AND BUILDING WORKS
Date of Registration 1992-10-29
State WILAYAH PERSEKUTUAN




DYAM Tunku Ismail Ibni Sultan Ibrahim, a 39-year-old Malaysian male, was appointed as Chairman and Non-Independent Non-Executive Director of Knusford Berhad on 21 August 2013. DYAM Tunku Ismail completed his studies at Hale School in Australia. After completing his studies, he was enrolled in the Indian Military Academy. He was appointed as Tunku Mahkota Johor in 2010.



# Company Information - D-HILL SDN. BHD. (MALAYSIA)

**No.**	**Field**	**Details**
---	---	---
1	**Company Name**	D-HILL SDN. BHD.
2	**Company Registration No.**	0353024U / 199501023820
3	**Nature of Business**	PROPERTY DEVELOPMENT
4	**Date of Registration**	1995-07-27
5	**State**	WILAYAH PERSEKUTUAN

https://theedgemalaysia.com/article/tunku-i...usford-chairman




This post has been edited by plouffle0789: Jun 16 2024, 09:37 PM

Introduction of Knusford Berhad’s Business Knusford Berhad (“KB” or “the Company” or “the Group”) is a Malaysian-based Company with diversified businesses in trading of building materials, construction-related works, property development and investment holding.

Change of financial year end On 27 August 2021, the Company announced the change of financial year end from 31 December to 31 March. Following the change in financial year-end, FYE 2023 represents a full year from 1 April 2022 to 31 March 2023 (“FYE 2023”).



Our results for FYE 2023 cannot, therefore, be comparable with that for FPE 2022, which represented 15 months’ results from January 2021 to March 2022 (“FPE 2022”). In presenting our results, we will still provide the relevant data for FPE 2022 for reference only. Overview of Financial Performance For FYE 2023, the Group reported a lower revenue of RM159.57 million as compared to RM305.01 million attained in the previous FPE 2022.


By applying a proportional adjustment to annualise the 12-month results, there is a 35% or approximately RM84.44 million decrease in revenue, which was mainly due to lesser contribution from the construction division.



Despite the lower revenue, the Group recorded a profit before tax of RM2.37 million for FYE 2023 as compared to a loss before tax of RM3.13 million in FPE 2022.



The Group revenue was mainly contributed by the trading division. The construction division is the second larger contributor of revenue for FYE 2023.



The Group profit before tax was mainly contributed by the property development division as a result of a disposal of land transaction. The operation loss incurred by trading and construction was mitigated by a significant gain on disposal of an undeveloped freehold vacant commercial land in Semenyih, Daerah Ulu Langat, Negeri Selangor Darul Ehsan for a total cash consideration of RM14.63 million.


The disposal was completed on 13 February 2023 and the gain before tax of approximately RM10.75 million was recognised in FYE 2023.

A settlement agreement in relation to the set-off of amount owing by Iskandar Waterfront City Berhad Group (“IWCB”) against the Purchase Consideration for the Acquisition of a parcel of freehold vacant land held in Mukim of Pulai, District of Johor Bahru, Johor of RM53.24 million, the Group has recognised an additional interest income of RM2.11 million received at the completion of the said Settlement Agreement with IWCB.





Looking ahead, the Group is mindful that the local economy remains highly uncertain, and inflationary pressures are expected to rise.



The disruption to global supply chains and the escalating building materials prices will continue to pose challenges. In ensuring the Group is well positioned to navigate through this challenging period, the Group will continue to strategise, adapt, and will take timely appropriate measures in order to minimise operating risks and optimise our resources for the core business to remain resilient and stable.



Trading Division The trading division registered a revenue of RM72.49 million in FYE 2023 (FPE 2022: RM43.36 million), mainly from the sales of building materials to an infrastructure project in Johor Bahru.


The Division recorded a loss before tax of RM1.60 million for FYE 2023 (FPE 2022: loss before tax of RM0.18 million) mainly attributed to higher product mix with lower profit margin and an additional net impairment loss on trade receivables amounted to RM2.41 million during the FYE 2023 as compared to RM1.24 million in FPE 2022.


It is hopeful that the newly secured Rapid Transit System (RTS) Link project by our related party, Ekovest Construction Sdn Bhd will help to boost the demand for building materials in the near term.

**GENERAL MEETINGS: Notice of Meeting**

----------------------------------------

**Knusford Berhad**

**Type of Meeting**	Extraordinary
-----------------------	--------------------------------
**Indicator**	Notice of Meeting
**Description**	Notice of Extraordinary General Meeting of Knusford Berhad to be conducted fully on a virtual basis through live streaming and online remote voting using the Remote Participation and Voting Facilities via online meeting platform at https://web.vote2u.my
**Date of Meeting**	28 Jun 2024
**Time**	11:00 AM
**Venue(s)**	Online meeting platform at https://web.vote2u.my, Malaysia
**Date of General Meeting Record of Depositors**	21 Jun 2024

**Resolutions**
-----------------------	--------------------------------
**1. Ordinary Resolution**	PROPOSED DISPOSAL BY KNUSFORD OF A FREEHOLD LAND TOGETHER WITH THE BUILDINGS ERECTED THEREON HELD UNDER HSD 51799, PT 43447, MUKIM AND DISTRICT OF KLANG, SELANGOR WITH A PROVISIONAL LAND AREA OF 25,625.48 SQUARE METRES BEARING POSTAL ADDRESS OF NO. 8, JALAN KECAPI 33/2, TAMAN PERINDUSTRIAN ELITE, SEKSYEN 33, 40350 SHAH ALAM, SELANGOR DARUL EHSAN TO EMERALD PLAN SDN BHD FOR A CASH CONSIDERATION OF RM28.0 MILLION
**Shareholder’s Action**	For Voting

**Attachments**
-----------------------	--------------------------------
Knusford Bhd - Notice of EGM.pdf	72.2 kB

**Announcement Info**
-----------------------	--------------------------------
**Company Name**	Knusford Berhad
**Stock Name**	KNUSFOR
**Date Announced**	06 Jun 2024
**Category**	General Meeting
**Reference Number**	GMA-04062024-00005
**Corporate Action ID**	MY240604MEET0005

This post has been edited by plouffle0789: Jun 17 2024, 12:31 AM

Setiawangsa-Pantai Expressway to fully open from 11.59pm Friday night, no toll charge until Dec 2

03 Nov 2023

KUALA LUMPUR (Nov 3): The 20.7km Setiawangsa-Pantai Expressway (SPE) will be officially open in its entirety to motorists at 11.59pm on Friday .

This comes as the previously unopened 16.3km stretch of Sections 1 to 3 — from Kerinchi to Setiawangsa — of the highway to be open.

A 4.4km Section 4 — stretching from Setiawangsa and Taman Melawati — has been open since December 2021.



According to Works Minister Datuk Seri Alexander Nanta Linggi, who officiated the highway’s official launch, toll charges at the three toll plazas — namely Chan Sow Lin, Ampang and Setiawangsa — situated on the stretch, will be exempted until Dec 2.

After the one-month period, cars will be charged the highway’s toll rate of RM3.50.

With the highway fully opened, Alexander said it is expected to be used by 100,000 vehicles daily.

"The SPE connects with several other highways, such as the SPRINT, AKLEH, DUKE and MRR2, and will increase efficiency of the network and reduce congestion in Kuala Lumpur," he added.





The concessionaire of the SPE is Lebuhraya DUKE Fasa 3 Sdn Bhd (DUKE 3) — a wholly-owned unit of Ekovest Bhd.

Shares in Ekovest ended half a sen or 1.05% higher at 48 sen, giving the group a market capitalisation of RM1.41 billion.


Company Name: LEBUHRAYA DUKE FASA 3 SDN. BHD.

Company Registration No.: 1128142W / 201501002810

Nature of Business: To design, construct, operate, manage, and maintain the Setiawangsa-Pantai Expressway.
Date of Registration: 2015-01-20
State: Wilayah Persekutuan



Read also:
MARC Ratings affirms AA-IS rating on DUKE 3’s RM3.64b sukuk wakalah


/------/--------/

**Point**	**Details**
-----------	-------------
**1. Current Situation**
**Ekovest Fan**	You've been following Ekovest since September 2023.
**Proposal Details**	Tan Sri Lim Kang Hoo (TSLKH) proposed a major reorganization involving Ekovest, including significant acquisitions and share issuance.
**2. Proposal Overview**
**Acquisition of Credence**	Ekovest to acquire 70% of Credence for RM1.14 billion, issuing new shares at 60 sen, resulting in 1.9 billion new shares.
**Danga City Mall and Land Parcels**	Ekovest to acquire these for RM310 million, issuing 516 million new shares.
**TSLKH’s Increased Stake**	Post-deal, TSLKH could own 51% of Ekovest, acquiring 2.416 billion new shares.
**3. Market Reaction**
**Price Movements**	Share price volatility has been observed. It initially rose sharply post-announcement but later retraced and then fluctuated with significant movements around key events and reports.
**Candlestick Patterns**	Formation of a cup and handle, indicating a potential bullish trend.
**4. Strategic Implications**
**TSLKH’s Share Disposal**	His selling shares each time they hit 60 sen could affect market sentiment and technical patterns.
**Cup and Handle Formation**	Continued share disposal at critical levels might disrupt this bullish formation, potentially leading to a double bottom before any further rise.
**5. Future Outlook and Considerations**
**Due Diligence and Approvals**	The proposal involves a legally binding agreement, with a timeline for due diligence, regulatory approvals, and shareholder voting.
**Minority Shareholder Sentiment**	If the share price is high (e.g., RM1.16) during the EGM, minority shareholders might support the proposal despite the perceived discount. However, dissatisfaction over the discount could pose a risk of rejection.
**Ekovest’s Valuation**	The company's significant assets, including toll highways and land banks in the Iskandar region, suggest a strong underlying value.
**6. Analyst Views**
**Bullish Targets**	Analysts from Rakuten and UOB have set target prices above RM1, indicating a positive outlook.
**OTB’s Valuation**	He suggests the highways alone justify a higher share price than current levels, emphasizing the undervaluation.
**7. Community Sentiment**
**Mixed Reactions**	Investors show varied opinions, from bullish sentiments based on technical patterns to concerns over share disposals by TSLKH.
**Market Sentiment**	Current sentiment may involve profit-taking and consolidation phases, with expectations of higher prices once the selling pressure subsides.
**8. Conclusion**
**Monitoring Key Levels**	Watch critical price levels, especially around 60 sen, to gauge market reactions and TSLKH’s actions.
**Long-Term Potential**	Ekovest’s strong asset base and strategic initiatives position it well for future growth, contingent on successful execution of the proposed reorganization and favorable market conditions.
**Final Thought**	Continue to track both the macro developments around the reorganization and micro price movements to make informed decisions. Happy trading!

/------/--------/

This post has been edited by plouffle0789: Jun 17 2024, 01:42 AM

Company	Type of Meeting	Indicator	Description	Date of Meeting	Time	Venue	Record of Depositors Date
-------------------	----------------	------------------	-------------------------------------------------	----------------	----------	---------------------------------------------------------------------------------------------------	--------------------------
Knusford Berhad	General	Notice of Meeting	Notice of the Twenty-Ninth Annual General Meeting of Knusford Berhad	10 Sep 2025	10:30 AM	Hall B, Oriental Star, 2nd Floor, M-S-01, EkoCheras Mall, No. 693, Batu 5, Jalan Cheras, 56000 Kuala Lumpur, Malaysia	26 Aug 2025

This post has been edited by plouffle0789: Aug 20 2025, 04:15 AM