【ZECON 7028 交流专区】亿強工程

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Type	Announcement
Subject	OTHERS
Description	ZECON BERHAD (ZECON OR COMPANY) PROPOSED ACQUISITION BY ZECON LAND SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF ZECON, OF A PROJECT FROM PR1MA CORPORATION MALAYSIA FOR A PURCHASE SUM OF RM63,560,000 (PROPOSED ACQUISITION)
As announced on 30 January 2023, the purpose of the MTA is to terminate the Sale Agreement (which includes a SPA and a DOA), JDA, HOA and the Project and to provide for a full and final settlement of all the claims arising from the Sale Agreement, JDA, HOA and the Project. Arising from the MTA, Zecon Land will purchase the Project including land cost from PR1MA and/or PDSB (collectively, “Vendors”) for a purchase sum of RM63,560,000 (“Purchase Sum”). It was agreed by the Vendors that the reimbursement of work done in relation to the project amounting to RM7,635,336.00 and Land Outstanding Sum amounting to RM2,300,102.00 in relation to the Sales Agreementbe deducted from the Purchase Sum and the balance amount payable (“Buy-back Sum”) is to be made by payment of RM2,681,232 upon the execution of the MTA and followed by 18 monthly equal instalment of RM2,830,185.00. Subsequent thereto, Zecon had sought for a variation of the payment terms and PR1MA had vide their letter dated 22 March 2024 counter proposed a revision to the payment terms in Schedule 3 of the MTA to the payment of RM2,681,232 to be made within one (1) month of the Extraordinary General Meeting (EGM) of the Company, that is to be held for purposes of approving the Proposed Acquisition, or by 30 June 2024 (whichever is earlierand followed by 18 monthly equal instalment of RM2,830,185.00 from 30 July 2024 to 30 December 2025. Zecon has on 01 April 2024 accepted the counter proposal. Kindly refer to the attachment for further details. This announcement is dated 02 April 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3435585

Attachments Zecon-MTA PR1MA.docx

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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	108,265	22,935	122,160	45,874
2	Profit/(loss) before tax	4,303	6,554	8,819	15,464
3	Profit/(loss) for the period	954	6,522	4,048	15,209
4	Profit/(loss) attributable to ordinary equity holders of the parent	-387	-251	-276	1,126
5	Basic earnings/(loss) per share (Subunit)	-0.26	-0.17	-0.19	0.76
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 ($$)	1.5700		1.5700

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Type	Announcement
Subject	OTHERS
Description	ZECON BERHAD-MEMORANDUM OF UNDERSTANDING WITH PETROSABAH SDN BHD
1.  INTRODUCTION The Board of Directors of Zecon Berhad (‘the Board”) is pleased to announce that Zecon Berhad (“ZECON” or “the Company”), had on 06 February 2025, entered into a Memorandum of Understanding (“MOU”) with Petrosabah Sdn Bhd (“PETROSABAH”). (Hereinafter, ZECON and PETROSABAH shall collectively be referred to as “the Parties” and individually known as “the Party”) 2. RATIONALE OF THE MOU The objective of this MOU is for the Parties to collaborate and explore long-term opportunities for a mutually supportive and beneficial relationships with the aim to jointly undertake the development of the large scale photovoltaic floating integrated project on Lot No. CL115355667 at Lahad Datu, Sabah (“Proposed Project”) This MOU will serve as a platform for the Parties to sign a formal joint venture agreement and/or any other relevant agreements in relation to the Proposed Project. 3.  INFORMATION OF THE MOU PARTIES 3.1 Information on ZECON ZECON, (Registration No. 198501002015 (134463-X)), a company incorporated under the laws of Malaysia and having its registered office at 8th Floor, Menara Zecon, No. 92, Lot 393, Section 5 KTLD, Jalan Satok, 93400 Kuching, Sarawak. Zecon has developed a vast expanse of resources that cover amongst others, construction, water infrastructure, property development, healthcare & hospital concession and renewable energy. 3.2 Information on PETROSABAH PETROSABAH (Company Registration No.: 201601002867 (1173793-K)), a Company incorporated under the laws of Malaysia and having its registered office at 13th Floor, Wisma Innoprise, Jalan Sulaman, P.O.Box 11623, 88817 Kota Kinabalu, Sabah. PETROSABAH is a wholly owned subsidiary of Innoprise Corporation Sdn Bhd (Company No. 198801005607 (172964-P)) (“ICSB”). ICSB is an investment and management company for the group of companies under Yayasan Sabah Group and its mission is to serve as the investment vehicle of Yayasan Sabah, working towards the better future and socioeconomic progress for the people of Sabah and is dedicated to supplementing and completing the Government of Sabah’s efforts in achieving these objectives. 4. SALIENT TERMS OF THE MOU The salient terms of the MOU are as set out below: a) The Parties hereby agree and acknowledge that the descriptions of the Proposed Project are preliminary and subject to the comprehensive and feasibility studies to be conducted by ZECON and approvals being obtained from the relevant authorities. b) The Parties agree to form a joint venture company for the purpose of the Proposed Project with the proposed shareholdings structures of 70% and 30% for ZECON and PETROSABAH respectively. The shares shall be offered to PETROSABAH as free shares. c) The Parties shall use their best endeavour to perform their duties and obligations for the best interests of the Parties and the joint venture company. d) This MOU shall take effect from the date of signing and shall remain in full force and effect for the duration of six (6) months or until suspended, discontinued or upon entry into a joint venture agreement, whichever is the earlier. Either Party may suspend or discontinue this MOU, in whole or in part, by providing advance notice in writing to the other Party of its decision to do so. 5. EFECTS OF THE MOU The Board is of the view that, the MOU will not have any material effect on the issued share capital and substantial shareholders’ shareholdings of the Company as there is no issuance of new ordinary shares in the Company.  The financial effect of the MOU cannot be determined at this juncture as there is no formal agreement being executed yet. 6. RISK FACTORS The Board is not aware of any risk factors arising from the MOU as the MOU is not legally binding until the execution of a formal agreement to formalise the potential collaboration between the Parties and the agreed terms in the MOU. 7. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDER AND/OR PERSONS CONNECTED TO THEM None of the directors, major shareholder and/or persons connected to them has any interest, either directly or indirectly in the MOU. 8. APPROVALS REQUIRED The MOU is not subject to and conditional upon approvals from the shareholders of the Company and/or any other relevant authorities. 9. DIRECTORS’ STATEMENT The Board, having considered all relevant aspects of the MOU, is of the opinion that the MOU is in the best interest of the Company. This announcement is dated 06 February, 2025.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	-77,270	19,826	64,856	83,650
2	Profit/(loss) before tax	36,120	3,703	54,346	16,268
3	Profit/(loss) for the period	22,538	-8,261	29,389	3,135
4	Profit/(loss) attributable to ordinary equity holders of the parent	44,547	9,207	55,677	2,025
5	Basic earnings/(loss) per share (Subunit)	30.13	6.35	37.83	1.40
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	1.9400		1.5100

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Type	Announcement
Subject	AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
Description	ZECON BERHAD ("ZECON" OR "THE COMPANY")- ISSUANCE OF UNMODIFIED AUDIT OPINION WITH A MATERIAL UNCERTAINTY RELATED TO GOING CONCERN IN RESPECT OF THE  AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2024
Pursuant to Paragraph 9.19(37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Zecon wishes to announce that the Company’s Independent Auditors, Messrs. Crowe Malaysia PLT had issued an unmodified audit opinion with a material uncertainty related to going concern in their Report in relation to the Audited Financial Statements for the financial period ended 31 December 2024 ("MUGC"). This announcement is dated 19 May 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3554148

Attachments MUGC 31.12.2024.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2025

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

1	Revenue	15,090	13,895	15,090	13,895
2	Profit/(loss) before tax	7,071	4,516	7,071	4,516
3	Profit/(loss) for the period	2,360	3,094	2,360	3,094
4	Profit/(loss) attributable to ordinary equity holders of the parent	928	111	928	111
5	Basic earnings/(loss) per share (Subunit)	0.63	0.08	0.63	0.08
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	1.9300		1.5700

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ZECON BERHAD

Date of change	26 Jun 2025
Name	DATU HAMZAH BIN HAJI DRAHMAN
Age	78
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Early vacation before 12 years expiry on 30 November 2025, thus vacating position to refresh independent members on the Board.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Economics (Honours)	University of Malaya.

Working experience and occupation	Datu Hamzah has over 30 years' experience in public sector in various capacities notably Permanent Secretary of various State Ministries of Sarawak. He has some experience in public listed companies as he was a director of Tradewinds Corporation Berhad, Sarawak Oil Palms Berhad and Sarawak Consolidated Industries Berhad. His last posting was as the Chairman of Public Services Commission in Sarawak ended 30 June 2012.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Datu Hamzah is holding 173,500 ordinary shares in Zecon Berhad