Valuation Of Non-current Assets

BackFeb 21, 2020
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 and Right-Of-Use (“ROU”) which consist of buildings, leasehold land and freehold land situated in Malaysia, Vietnam, Indonesia and Myanmar (“Properties”).
The Board had on 21 February 2020 approved the incorporation of the revaluation surplus, net of deferred tax, of RM32.663 million in the consolidated financial statements of APMAH for the financial year ended 31 December 2019.

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

This announcement is dated 21 February 2020.

 

 



Please refer attachment below.

 


Announcement Info

Company Name APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name APM
Date Announced 21 Feb 2020
Category General Announcement for PLC
Reference Number GA1-18022020-00043

Attachments

  1. Valuation_of_Non-Current_Assets(1).pdf (Size: 69,502 bytes)