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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Astro Malaysia Holdings Berhad ("AMH")
Disposal of Property by MEASAT Broadcast Network Systems Sdn Bhd, a wholly-owned subsidiary of AMH, to AIMS Central Sdn Bhd ("AIMS")
ASTRO MALAYSIA HOLDINGS BERHAD
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Astro Malaysia Holdings Berhad ("AMH")
Disposal of Property by MEASAT Broadcast Network Systems Sdn Bhd, a wholly-owned subsidiary of AMH, to AIMS Central Sdn Bhd ("AIMS")
Unless otherwise stated, defined terms in this announcement shall carry the same meanings as per the announcement dated 17 July 2026 (Reference No. GA1-17072026-00038).
Further to AMH's announcement dated 17 July 2026, additional information pertaining to the Disposal is set out below:
1. AIMS's directors and substantial shareholders, together with their direct and indirect shareholdings
AIMS, a wholly-owned subsidiary of AIMS Data Centre Holding Sdn Bhd, was incorporated as a private company limited by shares under the Companies Act 2016 on 13 March 2025. The principal activity of AIMS is the provision of value-added network services, information services, system integration services, operation of data networks and network-based applications for corporations and building management.
The Directors of AIMS are Chiew Kok Hin and Leong Zhi Jian. Neither of the Directors has any direct or indirect shareholding in AIMS.
2. Liabilities, including contingent liabilities, relating to the Disposal remaining with AMH or MBNS upon completion
There are no material liabilities, including contingent liabilities, in relation to the Disposal which will remain with AMH or MBNS upon completion, save for obligations arising in the ordinary course under the SPA. In addition, there are no guarantees given by AMH to the Purchaser in relation to the Disposal.
3. Valuation of Property
The Disposal Consideration of RM92 million was arrived at willing-buyer willing-seller basis taking into account an independent valuation performed by JLL). As at 2 March 2026, JLL valued the Property at RM85 million only using the Cost Method.
The Cost Method was considered appropriate by the independent valuer as the Property comprises specialised technical building and other ancillary buildings. Under this method, the assessment of the value of a property was made by estimating the cost of reconstruction for the building after making due allowances for obsolescence and depreciation which is added to the cost of purchasing the land. The land value was determined by reference to comparable commercial land transactions in Cyberjaya, whilst the building value was assessed based on the estimated replacement cost of the existing improvements after taking into account physical deterioration, depreciation and obsolescence.
4. Breakdown and estimated timeframe for full utilisation of net proceeds
The net proceeds from the Disposal will be utilised for the Group's working capital and/or other corporate purposes, as and when required.
There is no specific timeframe for full utilisation of the sale proceeds as such proceeds are to be utilised as working capital and is on an on-going basis.
5. Approximate age, built-up or useable area of the building
Approximately 11 years from the issuance of Certificate of Completion and Compliance (CCC) bearing Certificate No. LAM/S/No.15163 dated 14 April 2015.
A summary of the Gross Floor Area ("GFA") of the Property is provided below: