【WMG 6378 交流专区】（前名 TEKALA）

icy97

WMG HOLDINGS BERHAD

Type	Announcement
Subject	OTHERS
Description	Alternative Dispute Resolution Proceedings
The Board of Directors of WMG Holdings Bhd ("the Company") wishes to announce that its wholly-owned subsidiary, Wah Mie Realty Sdn Bhd ("the Developer") has agreed with its Contractor's proposal to appoint an adjudicator on 6 August 2024, subject to the adjudicator's acceptance (Adjudicator's appointment) pursuant to Construction Industry Payment and Adjudication Act 2012 (CIPAA 2012) in respect of the Contractor's claim of RM579,885.84. Prior to the Adjudicator's appointment, the Contractor through its solicitors has issued a letter of demand for the Developer to return RM3,200,117.06, contending that the Developer is not entitled to impose any liquidated damages as follows:           Total (RM) Return of encashed Performance Bond Sum       2,648,543.15 Return of deducted Liquidated Ascertained Damages from progress payment          551,573.91 Amount claimed by the Contractor        3,200,117.06 In response, the Developer through its solicitors has demanded from the Contractor the outstanding liquidated damages of RM5,136,880.07 as follows:             Total (RM) 579 days delay @ RM14,400.00 per day         8,337,600.00 Less sum recovered from Performance Bond        (2,648,543.15) Less sum recovered from partial deductions of progress payments           (552,176.78) Amount claimed by the Developer         5,136,880.07 The amount of RM5,136,880.07 has not been taken up as receivable in the accounts of the Developer due to the contention by the Contractor that there was no failure to complete the housing project (agreed works) on time and the said amount is being disputed by the Contractor.  The agreed works were completed by the Contractor on 8 September 2022, not by the completion date on 5 February 2021 in accordance with the last extension of time granted by the Architect for the housing project. Further announcement will be made by the Company on any material development including upon conclusion and final resolution of the above matter. This announcement is dated 6 August 2024.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	82,280	25,453	106,749	48,276
2	Profit/(loss) before tax	31,658	47	31,558	-2,059
3	Profit/(loss) for the period	22,832	-570	22,497	-2,744
4	Profit/(loss) attributable to ordinary equity holders of the parent	22,832	-570	22,497	-2,744
5	Basic earnings/(loss) per share (Subunit)	2.32	-0.38	1.97	-0.94
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.4300		0.3800

icy97

WMG HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Conversion of Preference Shares
Details of corporate proposal	Conversion of Irredeemable Convertible Preference Shares into new WMG Shares
No. of shares issued under this corporate proposal	422,563,584
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.5000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	867,149,053
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 434,682,123.000
Listing Date	26 Sep 2024

icy97

WMG HOLDINGS BERHAD

Particulars of substantial Securities Holder

Name	SYARIKAT KRETAM (FAR EAST) HOLDINGS SDN BHD
Address	Wsima WMG, Lot 1 & 2, Jalan Indah Jaya, Taman Indah Jaya, Jalan LIntas Selatan Sandakan 90000 Sabah Malaysia.
Company No.	197801007194 (44391-X)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	24 Sep 2024	422,563,584	Acquired	Direct Interest
	Name of registered holder	Syarikat Kretam (Far East) Holdings Sdn Bhd
	Address of registered holder	Wisma WMG, Lot 1 & 2, Jalan Indah Jaya, Taman Indah Jaya, Jalan Lintas Selatan, 90000 Sandakan, Sabah
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Arising from Irredeemable Convertible Preference Shares conversion to Ordinary Shares
Nature of interest	Direct Interest
Direct (units)	662,563,604
Direct (%)	76.41
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	662,563,604
Date of notice	26 Sep 2024
Date notice received by Listed Issuer	26 Sep 2024