We refer to your Company's announcement dated 30 September 2026, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1)     To fully disclose the conditions precedent set out in the SSA and the agreed timeline for fulfilment of the conditions precedent.

2)     For the financial information of the Target Companies, please address the following:

(a)    To also provide the details of the net profits/(loss), net assets/(liabilities) and revenue for the financial period ended 30 June 2026.

(b)    For BKVI, it is noted that the relatively high revenue of approximately RM72.73 million for the financial year ended 31 December 2025 ("FYE 2025") did not translate into a profitable position for the company. As such, please provide the reasons/factors which could be attributed to the net loss of approximately RM3.79 million recorded by the company for the FYE 2025.

(c)    For BKCV, please provide the circumstances/factors which caused the deterioration in the company's financial performance during the financial period ended 31 August 2026 ("FPE 2026") as compared to FYE 2025 whereby it recorded a net loss of approximately RM2.01 million and an increased net liabilities of approximately RM2.44 million for the FPE 2026.

(d)    For BKGM and BFMSB, please clarify the circumstances/factors which resulted into the respective net profits (for BKGM) and net loss (for BFMSB) recorded for both the FYE 2025 and FPE 2026 given that there was no revenue recorded by both the companies during the said financial year/period.E 2025 and FPE 2026 given that there was no revenue recorded by both the companies during the said financial year/period.

3)     Based on the details disclosed under Sections 2.1 and 4, please address the following:

(a)    To disclose the rationale for determining the Disposal Consideration based on the unaudited financial information as at 30 June 2026 instead of the audited financial information as at 31 December 2025.

(b)    It is noted that the Company had, on 14 August 2025, announced the proposed disposal of the Target Companies for a total disposal consideration of RM74 million based on the unaudited net assets value as at 31 May 2025 of the Target Companies of RM71.6 million, of which a gain before tax of approximately RM2.4 million was expected from the then proposed disposal. In this respect, please clarify why a different approach is adopted in determining the Proposed Disposal whereby the total Disposal Consideration was derived based on the adjusted unaudited net asset value of the Target Companies as at 30 June 2026 of RM2 million and the agreed values of RM60 million for the Properties.  In addition, to provide a detailed illustration on how to derive at the disposal consideration for each of the Target Companies in the following manner:

(c)    To explain/justify the basis in deriving at the agreed value of RM60 million for the Properties, please provide the following information for each of the Properties:

(i)     Description of the Property (e.g. land and/or building together with the relevant description of the building and/or any erected structures);

(ii)    Name of the Target Company which owns the Property;

(iii)   Date and cost of investment for the Property;

(iv)   Net book value of the Property as at 31 December 2025, 30 June 2026 and 31 August 2026;

(v)    Tenure of the Property (e.g. freehold or leasehold, if the latter, please state the tenure together with the expiry date of the lease tenure);

Existing use of the Property; and

(vi)   Last date of market valuation carried out on the Property. If there was a recent market valuation carried out after the FYE 2025, please state the date of the valuation, the name of the market valuer involved together with the appraised market value and the valuation methodology(ies) adopted. Otherwise, please clarify why a market valuation on the Property was not carried out prior to entering into the SPA and explain how the Company could ensure that the Proposed Disposals are undertaken in the best interest of the Company and its shareholders.

4)     Based on the details set out in Section 5, please tabulate a summary on the costs invested in the Target Companies as follows:

5)     For the intended repayment of inter-company balances, please provide more details in the following manner:

6)     To provide a detailed illustration to show how the expected loss before tax of approximately RM7.6 million stated in Section 8 was computed.

7)     For the disclosure set out in Section 9.2, please state the revenue contribution from the Target Companies to CHGP for FYE 2025 and FPE 2026 to provide a clearer perspective on the loss of income arising from the Proposed Disposals.

8)     For the disclosure set out in Section 3, Appendix I, please address the following:

(a)    Pursuant to item (b)(i), to disclose the outstanding Banking Facilities relating which shall be fully settled, repaid and discharged by the Company (if any) together with an explanation why the required repayment is not reflected under the intended utilisation of proceeds set out under Section 7 (if applicable). If there is no outstanding Banking Facilities to be settled, please provide a negative statement accordingly.

(b)    Pursuant to item (c), to disclose the cash and cash equivalent held by the Target Companies as at 30 June 2026, 31 August 2026 and as at the date of the announcement. In the event of a deficit in the cash and cash equivalents held in the bank accounts of the Target Companies as at the completion date of the Proposed Disposals, please clarify the impact of such deficit position to the Company and the Disposal Consideration, of which the relevant details on the adjustment to the Disposal Consideration (if any) shall also be provided. Otherwise, please provide a negative statement accordingly.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing

Group Regulation
 

Cc : Market Surveillance Department, Securities Commission Malaysia