OTHERS TAMBUN INDAH LAND BERHAD (“TAMBUN INDAH” OR “THE COMPANY”) REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

TAMBUN INDAH LAND BERHAD 
TypeAnnouncement
SubjectOTHERS
DescriptionTAMBUN INDAH LAND BERHAD (“TAMBUN INDAH” OR “THE COMPANY”)

REVALUATION OF NON-CURRENT ASSETS OF THE GROUP

INTRODUCTION

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Tambun Indah wishes to announce that the Board had approved the revaluation surplus of RM1.14 million to be incorporated into the unaudited consolidated financial statements for the financial year ended 31 December 2024.

PURPOSE OF REVALUATION

The purpose of the revaluation is to reflect the fair value of the non-current assets of the Tambun Indah Group for accounting purposes in compliance with the Malaysian Financial Reporting Standards (MFRS) 140 on Investment Properties.

DETAILS OF REVALUATION

Please refer to Annexure A for further details.

DOCUMENTS FOR INSPECTION

The valuation reports are available for inspection at the registered office of the Company at 51-21-A, Menara BHL Bank, Jalan Sultan Ahmad Shah, 10050 Penang during normal office hours from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 27 February 2025.

Please refer attachment below.

Attachments

Valuation Listing Year 2024.pdf
11.0 kB

 

 

Announcement Info

Company NameTAMBUN INDAH LAND BERHAD
Stock NameTAMBUN
Date Announced27 Feb 2025
CategoryGeneral Announcement for PLC
Reference NumberGA1-21022025-00046