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IPO Prospectus

HARTANAH KENYALANG BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") OF 198,400,000 ORDINARY SHARES IN HARTANAH KENYALANG BERHAD ("HARTANAH") ("SHARES") COMPRISING PUBLIC ISSUE OF 120,900,000 NEW SHARES AND OFFER FOR SALE OF 77,500,000 EXISTING SHARES (COLLECTIVELY, "IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD IN THE FOLLOWING MANNER: (I) 31,000,000 IPO SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 18,600,000 IPO SHARES MADE AVAILABLE FOR APPLICATION BY THE ELIGIBLE DIRECTORS AND EMPLOYEES OF HARTANAH AND ITS SUBSIDIARY (COLLECTIVELY, THE "GROUP"), AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF THE GROUP; (III) 71,300,000 IPO SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (IV) 77,500,000 IPO SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY, AT AN IPO PRICE OF RM0.16 PER SHARE, PAYABLE IN FULL UPON APPLICATION, SUBJECT TO THE CLAWBACK AND REALLOCATION PROVISIONS

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3549246

Attachments Hartanah Kenyalang Berhad - Prospectus (Part 1).pdf Hartanah Kenyalang Berhad - Prospectus (Part 2).pdf Detailed Procedures for Application and Acceptance.pdf

Opening of application	30 Apr 2025
Closing of application	27 May 2025
Balloting of application	29 May 2025
Allotment of IPO shares to successful applicants	06 Jun 2025
Tentative listing date	09 Jun 2025

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HARTANAH KENYALANG BERHAD - INITIAL PUBLIC OFFERING ("IPO") OF 198,400,000 ORDINARY SHARES IN HARTANAH KENYALANG BERHAD ("HARTANAH" OR "COMPANY") ("SHARES") COMPRISING PUBLIC ISSUE OF 120,900,000 NEW SHARES AND OFFER FOR SALE OF 77,500,000 EXISTING SHARES (COLLECTIVELY, "IPO SHARES") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED SHARES ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Malaysian Issuing House Sdn Bhd (“MIH”) is pleased to announce that the public issue of 31,000,000 IPO Shares made available for application by the Malaysian public have been oversubscribed by 5.33 times.

A total of 5,119 applications for 196,201,300 IPO Shares were received from the Malaysian public, resulting in an overall oversubscription rate of 5.33 times.

The notices of allotment will be mailed to all successful applicants by 6 June 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3558392

Attachments HARTANAH KENYALANG BERHAD - Press Release.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2025	31 Jan 2024	31 Jan 2025	31 Jan 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	44,773	0	44,773	0
2	Profit/(loss) before tax	2,605	0	2,605	0
3	Profit/(loss) for the period	1,885	0	1,885	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,885	0	1,885	0
5	Basic earnings/(loss) per share (Subunit)	0.38	0.00	0.38	0.00
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	0.0539		0.0501

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Initial Public Offering

HARTANAH KENYALANG BERHAD

Date of Listing	09 Jun 2025
Enlarged Issued Share Capital in the following
Units	620,000,000
Currency	Malaysian Ringgit (MYR)
Par Value (if applicable)
Enlarged Issued Share Capital	43,110,227.000
Stock Code	0359
Stock Name	HKB
ISIN code	MYQ0359OO008
Board	ACE Market
Bursa Sector	CONSTRUCTION
Bursa Sub Sector	CONSTRUCTION
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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HARTANAH KENYALANG BERHAD

Particulars of substantial Securities Holder

Name	MR SEAH BOON TIAT
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	09 Jun 2025	30,404,400	Others	Direct Interest
	Name of registered holder	Seah Boon Tiat
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale in conjunction with the Initial Public Offering
Nature of interest	Direct and Indirect Interest
Direct (units)	126,812,100
Direct (%)	20.454
Indirect/deemed interest (units)	104,811,000
Indirect/deemed interest (%)	16.905
Total no of securities after change	231,623,100
Date of notice	09 Jun 2025
Date notice received by Listed Issuer	09 Jun 2025

Name	MR SEAH BOON KEE
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	09 Jun 2025	11,456,000	Others	Direct Interest
	Name of registered holder	Seah Boon Kee
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale in conjunction with the Initial Public Offering
Nature of interest	Direct and Indirect Interest
Direct (units)	93,355,000
Direct (%)	15.057
Indirect/deemed interest (units)	157,216,500
Indirect/deemed interest (%)	25.358
Total no of securities after change	250,571,500
Date of notice	09 Jun 2025
Date notice received by Listed Issuer	09 Jun 2025

Name	MR CHEOK LIAM FOCK
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	09 Jun 2025	11,456,000	Others	Direct Interest
	Name of registered holder	Cheok Liam Fock
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale in conjunction with the Initial Public Offering
Nature of interest	Direct and Indirect Interest
Direct (units)	93,355,000
Direct (%)	15.057
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	93,355,000
Date of notice	09 Jun 2025
Date notice received by Listed Issuer	09 Jun 2025

Name	MR CHOY MUI SENG @ CHAI MUI SENG
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	09 Jun 2025	23,638,100	Others	Direct Interest
	Name of registered holder	Choy Mui Seng @ Chai Mui Seng
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale in conjunction with the Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	101,136,900
Direct (%)	16.312
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	101,136,900
Date of notice	09 Jun 2025
Date notice received by Listed Issuer	09 Jun 2025

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2025	30 Apr 2024	30 Apr 2025	30 Apr 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	30,089	0	74,862	0
2	Profit/(loss) before tax	1,986	0	4,591	0
3	Profit/(loss) for the period	1,342	0	3,227	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,342	0	3,227	0
5	Basic earnings/(loss) per share (Subunit)	0.27	0.00	0.65	0.00
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	0.0566		0.0501