Valuation Of Non-current Assets

BackFeb 27, 2024

 

Type Announcement
Subject OTHERS
Description APM AUTOMOTIVE HOLDINGS BERHAD ("APMAH" OR THE "COMPANY")
- VALUATION OF NON-CURRENT ASSETS

Pursuant to Paragraph 9.19(46) and Part H of Appendix 9A of the Main Market Listing Requirements, the Board of Directors of APMAH ("Board") wishes to announce that the Company has carried out a revaluation exercise on the Company's and its subsidiaries' ("the Group") Investment Properties ("IP"), Property, Plant and Equipment ("PPE") and Right-Of-Use assets ("ROU") which consist of buildings, leasehold land and freehold land situated in Malaysia, Vietnam, Indonesia, Thailand, Myanmar, Australia, United States of America and Netherlands ("Properties").


The Board had on 27 February 2024 approved the incorporation of the revaluation surplus, net of deferred tax, of RM89.24 million in the consolidated financial statements of APMAH for the financial year ended 31 December 2023.


Please refer to the attached file for the full text of the announcement.


This announcement is dated 27 February 2024.

 

Please refer attachment below.

 


Announcement Info

Company Name APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name APM
Date Announced 27 Feb 2024
Category General Announcement for PLC
Reference Number GA1-23022024-00008

Attachments

  1. Ann_-_Revaluation_of_Non-Current_Assets_20240227.pdf (Size: 779,599 bytes)