DailySpaceSouthern Score Builders Berhad
0045 · ACE Market创业板（ACE Market） · annual reports 2022 to 2025, 362 entries read2022 至 2025 年报，共读出 362 条
The company这家公司
Formerly named G Neptune Berhad, the company completed a regularisation plan in November 2022 and changed its name to Southern Score Builders Berhad, turning its core business to construction management services and turnkey contracting.该公司的前名为 G Neptune Berhad，于 2022 年 11 月完成重组计划并更名为 Southern Score Builders Berhad，将其核心业务转向建筑管理服务与总承包。
Sources (4)出处（4）
Following the completion of the regularisation plan, the Group’s core business going forward will be in the construction management services industry.
To better reflect the Company’s corporate identity moving forward, SSBB has also changed its name to Southern Score Builders Berhad from G Neptune Berhad.
The acquisition of 100% equity interest in Southern Score Sdn. Bhd. also allows the Company to diversify its business into construction management, turnkey contractors and subcontractors.
On 9 November 2022, the Company completed its Regularisation Plan which includes a private placement exercise following the listing and quotation of 543,047,900 placement shares at an issue price of RM0.20 per share on even date.
In 2025, revenue from construction contracts was RM219,595,018 out of total group revenue of RM221,073,868, with consultancy services bringing RM497,705, maintenance services RM397,726, and supply of consumables RM583,419.2025 年，施工合同营业额为 RM219,595,018，占集团总营业额 RM221,073,868 的绝大部分，咨询服务带来 RM497,705，维护服务带来 RM397,726，耗材供应带来 RM583,419。
Sources (5)出处（5）
Refer to Note 19 to the financial statements, total revenue from construction contracts was RM219,595,018 which represents 99.3% the Group’s revenue in this financial year.
- Construction 219,595,018 170,717,663 - -
- Consultancy services 497,705 - - -
- Maintenance services 397,726 - - -
- Supply of consumable 583,419 - - -
In 2025, Customer A contributed RM51,212,290 (23.2% of revenue), Customer C RM42,972,211 (19.5%), Customer E RM36,878,838 (16.7%), Customer D RM31,839,395 (14.4%), and Customer B RM25,536,856 (11.6%), together accounting for RM188,439,590 or 85.4% of total group revenue.2025 年，客户 A 贡献 RM51,212,290（占营业额 23.2%），客户 C 贡献 RM42,972,211（19.5%），客户 E 贡献 RM36,878,838（16.7%），客户 D 贡献 RM31,839,395（14.4%），客户 B 贡献 RM25,536,856（11.6%），五大客户合共占 RM188,439,590 或集团总营业额的 85.4%。
Sources (6)出处（6）
Customer A 51,212,290 23.2 54,975,111 32.2
Customer B 25,536,856 11.6 62,974,817 36.9
Customer C 42,972,211 19.5 - -
Customer D 31,839,395 14.4 42,783,596 25.1
Customer E 36,878,838 16.7 - -
188,439,590 85.4 160,733,524 94.2
The company is a subsidiary of Super Advantage Property Sdn. Bhd., which held 1,015,783,700 shares or 44.6972% as at end 2025. CEO Gan Yee Hin held 321,893,500 shares directly (14.1642%) and held an interest in Super Advantage Property Sdn. Bhd. Shares pledged as collateral include 227,200,000 shares (9.9974%) for Super Advantage Property Sdn. Bhd., and 202,493,467 shares (8.9103%) and 95,481,533 shares (4.2014%) for Gan Yee Hin.该公司是 Super Advantage Property Sdn. Bhd. 的子公司，后者在 2025 年底持有 1,015,783,700 股或 44.6972% 股份。执行长 Gan Yee Hin 直接持有 321,893,500 股（14.1642%），并在 Super Advantage Property Sdn. Bhd. 拥有权益。质押股份包括 Super Advantage Property Sdn. Bhd. 的 227,200,000 股（9.9974%），以及 Gan Yee Hin 的 202,493,467 股（8.9103%）与 95,481,533 股（4.2014%）。
Sources (6)出处（6）
The Company is a subsidiary of Super Advantage Property Sdn. Bhd., a private limited liability company incorporated and domiciled in Malaysia.
2. AL RAJHI BANKING & INVESTMENT CORPORATION (MALAYSIA) BHD. 227,200,000 9.9974 PLEDGED SECURITIES ACCOUNT FOR SUPER ADVANTAGE PROPERTY SDN. BHD.
3. AFFIN HWANG NOMINEES (TEMPATAN) SDN. BHD. 202,493,467 8.9103 PLEDGED SECURITIES ACCOUNT FOR GAN YEE HIN
4. ALLIANCEGROUP NOMINEES (TEMPATAN) SDN. BHD. 95,481,533 4.2014 PLEDGED SECURITIES ACCOUNT FOR GAN YEE HIN (7014312)
1. Gan Yee Hin 321,893,500 14.1642 1,015,783,700* 44.6972
3. Super Advantage Property Sdn. Bhd. 1,015,783,700 44.6972 - -
Managing Director Tan Sri Datuk Seri Gan Yu Chai is the father of CEO Gan Yee Hin and husband of Puan Sri Lee. In 2025, Executive Director Chai Tham Poh stepped down from the Board to pursue personal commitments.董事总经理 Tan Sri Datuk Seri Gan Yu Chai 是执行长 Gan Yee Hin 的父亲，也是 Puan Sri Lee 的配偶。2025 年，执行董事 Chai Tham Poh 卸任董事职务以寻求个人事务发展。
Sources (4)出处（4）
Tan Sri Datuk Seri Gan is the father of Gan Yee Hin, the Chief Executive Officer & Executive Director and the major shareholder of SSBB via his direct interest in Super Advantage Property Sdn. Bhd., a major shareholder of SSBB.
Mr. Gan is the son of Tan Sri Datuk Seri Gan, the Managing Director and the major shareholder of SSBB.
Puan Sri Lee is the wife of Tan Sri Datuk Seri Gan Yu Chai, the Managing Director, and the mother of Mr. Gan Yee Hin, the Chief Executive Officer & Executive Director of SSBB.
At the same time, we extend our heartfelt appreciation to Mr. Chai Tham Poh, who stepped down from the Board to pursue his personal commitments.
Revenue by activity, 20252025 年按业务划分之营业额
Sources (4)出处（4）
- Construction 219,595,018 170,717,663 - -
- Consultancy services 497,705 - - -
- Maintenance services 397,726 - - -
- Supply of consumable 583,419 - - -
Major events大事记
Sources (2)出处（2）
To better reflect the Company’s corporate identity moving forward, SSBB has also changed its name to Southern Score Builders Berhad from G Neptune Berhad.
On 9 November 2022, the Company completed its Regularisation Plan which includes a private placement exercise following the listing and quotation of 543,047,900 placement shares at an issue price of RM0.20 per share on even date.
Sources (1)出处（1）
Note that SSBB also undertook the site clearance, piling, pile cap, stump and sub-structure ("sub-structure") works for PV 22 Residences in an earlier contract awarded in February 2023 valued at RM135.3 million.
Sources (3)出处（3）
We are delighted to share that in February 2024, we secured our single largest contract to-date, valued at RM618.2 million, for the main building works of the PV 22 Residences located in Setapak, Kuala Lumpur.
On that note, we are pleased to share we have been awarded a turnkey contract in July 2024 for the proposed development of residential apartments in Mukim Setapak from Smart Advance Resources Sdn Bhd.
RM315.0 million New contract secured in July 2024
Sources (3)出处（3）
As part of our growth strategy and value creation to our shareholders, SSBB has obtained its shareholders' approval at an EGM held on 30 August 2024 to acquire a 51%-stake in SJEE for a cash consideration of RM22.95 million from Ir. Ngo Hea Bing ("Vendor").
The Group completed the acquisition of a 51%-equity interest in SJEE Engineering Sdn. Bhd. on 17 January 2025, following the initial announcement on 13 May 2024.
The Group has, on 28 March 2025, submitted the application to the Securities Commission (“SC”) to transfer its listing from the ACE Market to the Main Market of Bursa Securities (“Proposed Transfer”).
Revenue and profit before taxation营业额与税前盈利
Total assets, borrowings and cash总资产、借款与现金结余
20222022 年
The company had ceased operations and remained dormant under GN3 status. During the financial year, it recorded a gain of RM2.280 million from the dissolution of subsidiary Geranium Limited, offset by professional fees incurred for its regularisation plan. Non-audit fees paid to auditors were RM5,000.该公司已停止运营，在 GN3 状态下保持休置。财年内，公司因注销子公司 Geranium Limited 录得 RM2.280 million 的收益，但被重组计划的专业费用抵销。向审计师支付的非审计费用为 RM5,000。
Sources (4)出处（4）
The Group has ceased all its business operations since it was classified as an affected listed issuer pursuant to GN3 of the Listing Requirements on 30 November 2017.
For the year ended 30 June 2022, the Group did recognise a gain of RM2.280 million arising from the dissolution of wholly-owned subsidiary Geranium Limited but this was offset by professional fees incurred for the Regularisation Plan.
As at the date of this report, the Company is dormant.
Non-audit fee paid by the Company and on the Group basis to the external auditors or affiliates of auditors’ firm for the financial year ended 30 June 2022 was RM5,000.
20242024 年
Following completion of the regularisation plan in November 2022, private placement proceeds of RM108.61 million were raised through the issuance of 543,047,900 placement shares at RM0.20 per share. An interim dividend of 1.0 sen per ordinary share amounting to RM22.7 million was paid on 30 April 2024. Net cash from operating activities stood at RM1.4 million, and total borrowings reached RM14.3 million.随着重组计划于 2022 年 11 月完成，公司按每股 RM0.20 发行 543,047,900 股私下配售股，募集 RM108.61 million 资金。2024 年 4 月 30 日派发了每股 1.0 仙、合计 RM22.7 million 的中期股息。营运活动所得现金净额为 RM1.4 million，借款达 RM14.3 million。
Sources (4)出处（4）
During the financial year under review, the Board declared an interim dividend of 1.0 sen per ordinary share on 3 April 2024, amounting to RM22.7 million for the financial year ended 30 June 2024.
This dividend, representing a 72.3% payout ratio based on its FYE 2024 net profit of RM31.5 million, was subsequently paid on 30 April 2024.
On 9 November 2022, the Company completed its Regularisation Plan which includes a private placement exercise following the listing and quotation of 543,047,900 placement shares at an issue price of RM0.20 per share on even date.
As at 30 June 2025, the total proceeds generated from the private placement exercise of RM108.61 million (“Private Placement Proceeds”) have been utilised as follows:
20252025 年
Net cash from operating activities rose to RM16.9 million. An interim dividend of 1.0 sen per ordinary share amounting to RM22.7 million was declared in February 2025. On 17 January 2025, the group completed the acquisition of a 51% equity interest in SJEE Engineering Sdn. Bhd. for a cash consideration of RM22.95 million, contributing to net cash outflows for investing activities of RM15.7 million.营运活动所得现金净额升至 RM16.9 million。2025 年 2 月宣派每股 1.0 仙、合计 RM22.7 million 的中期股息。2025 年 1 月 17 日，集团以 RM22.95 million 现金对价完成收购 SJEE Engineering Sdn. Bhd. 51% 股权，导致投资活动现金净流出 RM15.7 million。
Sources (5)出处（5）
As part of our growth strategy and value creation to our shareholders, SSBB has obtained its shareholders' approval at an EGM held on 30 August 2024 to acquire a 51%-stake in SJEE for a cash consideration of RM22.95 million from Ir. Ngo Hea Bing ("Vendor").
During the year, the Group declared an interim dividend of 1.0 sen per ordinary share on 3 February 2025, amounting to RM22.7 million for the financial year under review.
The Group completed the acquisition of a 51%-equity interest in SJEE Engineering Sdn. Bhd. on 17 January 2025, following the initial announcement on 13 May 2024.
Investing activities recorded a net cash outflow of RM15.7 million compared to a marginal inflow in the previous year, mainly attributable to the purchase consideration for the 51% acquisition of SJEE completed in January 2025.
On 13 May 2024, the Company had entered into a shares sale and purchase agreement with Mr. Ngo Hea Bing for the proposed acquisition by the Company of 1,275,000 ordinary shares in SJEE, representing 51% equity interest in SJEE, for a total cash consideration of RM22,950,000.
Across the years多年合看
Private placement proceeds of RM108.61 million raised in November 2022 were reallocated with shareholder approval in May 2024. By end 2025, RM98.36 million had been utilized, including RM21.80 million for fund injection into TCS SS Precast Construction Sdn. Bhd., RM21.80 million for acquiring SJEE Engineering Sdn. Bhd., RM25.66 million for purchase of building materials, RM34.09 million for contractor repayments, RM3.00 million for construction assets, and RM9.41 million for working capital.2022 年 11 月募集的 RM108.61 million 私下配售资金于 2024 年 5 月获得股东批准调整用途。截至 2025 年底，已使用 RM98.36 million，包括注入 TCS SS Precast Construction Sdn. Bhd. 资金 RM21.80 million、收购 SJEE Engineering Sdn. Bhd. RM21.80 million、购买建材 RM25.66 million、偿还承包商 RM34.09 million、购置建筑资产 RM3.00 million 以及营运资金 RM9.41 million。
Sources (10)出处（10）
On 9 November 2022, the Company completed its Regularisation Plan which includes a private placement exercise following the listing and quotation of 543,047,900 placement shares at an issue price of RM0.20 per share on even date.
(1) On 7 May 2024, the Company had obtained its shareholders’ approval at the Extraordinary General Meeting to vary and extend the timeframe for the utilisation of the Private Placement Proceeds (“Proceeds Variation”), details of which are set out in Section 2 of the circular to shareholders of the Company in relation to the Proceeds Variation dated 22 April 2024.
As at 30 June 2025, the total proceeds generated from the private placement exercise of RM108.61 million (“Private Placement Proceeds”) have been utilised as follows:
Injection of funds to TCS SS Precast Construction Sdn. Bhd. 21,800 (21,800) - - - Within 18 months -
Purchase of building materials 25,000 5,000 30,000 (25,656) 4,344 Within 18 months Within 18 months
Repayment of contractors 25,000 15,000 40,000 (34,094) 5,906 Within 18 months Within 18 months
Acquiring/rent of construction assets 18,000 (15,000) 3,000 (3,000) - Within 18 months Within 12 months
Working capital 9,410 - 9,410 (9,410) - Within 24 months Within 12 months
Business and/or assets to be acquired - 21,800 21,800 (21,800) - - Within 24 months
Total 108,610 - 108,610 (98,360) 10,250
Still to be spent尚未支出的承诺
As at 30 June 2025, unutilised private placement proceeds stood at RM10.25 million, comprising RM4.34 million for purchase of building materials and RM5.91 million for repayment of contractors.截至 2025 年 6 月 30 日，未使用的私下配售资金为 RM10.25 million，包括用于购买建材的 RM4.34 million 以及偿还承包商的 RM5.91 million。
Sources (3)出处（3）
Purchase of building materials 25,000 5,000 30,000 (25,656) 4,344 Within 18 months Within 18 months
Repayment of contractors 25,000 15,000 40,000 (34,094) 5,906 Within 18 months Within 18 months
Total 108,610 - 108,610 (98,360) 10,250
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | – | – | 97,933,052 | 170,717,663 | 221,073,868 |
| Profit before taxation税前盈利 | (1,991,855) | 1,069,291 | 32,585,977 | 41,475,746 | 58,013,946 |
| Net cash from operating activities营运活动所得现金净额 | – | – | (10,344,871) | 1,400,346 | 16,907,594 |
| Total assets总资产 | – | – | 197,493,565 | 238,249,710 | 308,231,400 |
| Borrowings借款 | – | – | 4,995,142 | 14,346,730 | 12,155,040 |
| Cash and bank balances现金与银行结余 | – | – | 699,953 | 22,298,625 | 22,379,708 |
| Dividend paid已付股息 | – | – | – | 22,725,896 | 22,725,896 |
| Total equity总权益 | – | – | 148,983,510 | 157,709,400 | – |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Planned acquisition of 100% equity interest in Southern Score Sdn. Bhd. for RM252,000,000 and private placement of 543,047,900 shares to raise at least RM108.6 million under regularisation plan (2022)计划根据重组计划以 RM252,000,000 收购 Southern Score Sdn. Bhd. 100% 股权，并私下配售 543,047,900 股筹集至少 RM108.6 million（2022） | Completed regularisation plan on 9 November 2022, issuing 543,047,900 placement shares at RM0.20 per share raising RM108.61 million.重组计划于 2022 年 11 月 9 日完成，按每股 RM0.20 发行 543,047,900 股配售股，筹集 RM108.61 million。Sources (4)出处（4）2. Acquisition of 100% stake in Southern Score Sdn. Bhd. for RM252,000,000/- via an issuance of 1,680,000,000 new SSBB shares at RM0.15 per share (iv) Proposed private placement to raise at least RM108,600,000 through the issuance of 543,047,900 shares to investors to be identified later; and On 9 November 2022, the Company completed its Regularisation Plan which includes a private placement exercise following the listing and quotation of 543,047,900 placement shares at an issue price of RM0.20 per share on even date. As at 30 June 2025, the total proceeds generated from the private placement exercise of RM108.61 million (“Private Placement Proceeds”) have been utilised as follows: | Completed已完成 |
| Proposed acquisition of a 51% stake in SJEE Engineering Sdn. Bhd. for RM22.95 million expected to be completed by end-2024 (2024)建议以 RM22.95 million 收购 SJEE Engineering Sdn. Bhd. 51% 股权，预计于 2024 年底完成（2024） | Completed the acquisition of 51% equity interest in SJEE Engineering Sdn. Bhd. on 17 January 2025.于 2025 年 1 月 17 日完成收购 SJEE Engineering Sdn. Bhd. 51% 股权。Sources (3)出处（3）As part of our growth strategy and value creation to our shareholders, SSBB has obtained its shareholders' approval at an EGM held on 30 August 2024 to acquire a 51%-stake in SJEE for a cash consideration of RM22.95 million from Ir. Ngo Hea Bing ("Vendor"). The Proposed Acquisition is expected to be completed by end-2024. The Group completed the acquisition of a 51%-equity interest in SJEE Engineering Sdn. Bhd. on 17 January 2025, following the initial announcement on 13 May 2024. | Completed later than said延迟完成 |
| Planned to submit special resolution to facilitate proposed transfer of listing from ACE Market to Main Market (2024)计划提呈特别决议案，以推动由创业板转至主板上市的建议（2024） | Submitted transfer application on 28 March 2025; Securities Commission informed on 26 September 2025 that the application was not approved.于 2025 年 3 月 28 日提交转板申请；证监会于 2025 年 9 月 26 日通知该申请未获批准。Sources (3)出处（3）The Special Resolution, if passed by a majority of not less than seventy-five per centum (75%) of the members who are entitled to vote and do vote in person or by proxy at the 21st AGM, will facilitate the proposed transfer of the listing of and quotation for the entire issued share capital of the Company from the ACE Market to the Main Market of Bursa Securities as announced by the Company on 29 October 2024, as well as to enhance the clarity and relevance of the Constitution of the Company. The Group has, on 28 March 2025, submitted the application to the Securities Commission (“SC”) to transfer its listing from the ACE Market to the Main Market of Bursa Securities (“Proposed Transfer”). On 26 September 2025, the SC informed the Group that the application was not approved. | Not approved未获批准 |
| Vendor of Southern Score Sdn. Bhd. provided profit guarantee of cumulative PAT of RM80,000,000 across 2022, 2023 and 2024 (2022)Southern Score Sdn. Bhd. 卖方承诺 2022、2023 及 2024 年累计税后盈利达到 RM80,000,000（2022） | Group profit before tax was RM32,585,977 in 2023 and RM41,475,746 in FYE 2024, with net profit of RM31.5 million reported for FYE 2024.集团税前盈利在 2023 年为 RM32,585,977，2024 财年为 RM41,475,746，2024 财年录得净盈利 RM31.5 million。Sources (3)出处（3）the Vendor covenants with and undertakes to the Company that Southern Score and its associate company (“Southern Score Group”) shall achieve a minimum profit after tax (“PAT”) of RM10,000,000, RM20,000,000 and the remaining shortfall of the Profit Guarantee (as defined herein) guaranteed for the financial years ending 31 December 2022, 31 December 2023 and 31 December 2024 (“Profit Guarantee Period”), respectively, on a cumulative basis of RM80,000,000 (“Profit Guarantee”); This dividend, representing a 72.3% payout ratio based on its FYE 2024 net profit of RM31.5 million, was subsequently paid on 30 April 2024. | Profit guarantee tracked盈利担保跟进中 |
What the reports leave open年报留下待看的事
- Utilisation of remaining RM10.25 million in private placement proceeds allocated for building materials (RM4.34 million) and contractor repayments (RM5.91 million).剩余 RM10.25 million 私下配售资金的使用进展，包括用于建材的 RM4.34 million 及偿还承包商的 RM5.91 million。
Sources (3)出处（3）
Purchase of building materials 25,000 5,000 30,000 (25,656) 4,344 Within 18 months Within 18 months
Repayment of contractors 25,000 15,000 40,000 (34,094) 5,906 Within 18 months Within 18 months
Total 108,610 - 108,610 (98,360) 10,250
- Delivery on ongoing construction order book of RM1.2 billion as at 30 June 2025, including main building works for PV 22 Residences (RM598.6 million) and Platinum Melati Residences (RM255.5 million).截至 2025 年 6 月 30 日为 RM1.2 billion 的在建施工订单交付情况，包括 PV 22 Residences 主建筑工程（RM598.6 million）与 Platinum Melati Residences（RM255.5 million）。
Sources (3)出处（3）
Collectively, these works represented an outstanding order book of RM1.2 billion as at 30 June 2025.
1 PV 22 Residences: Main Building Work 598.6 563.8 Aug 2028
3 Platinum Melati Residences: Main Building Work 255.5 250.6 Mar 2029
- Performance of M&E subsidiary SJEE Engineering Sdn. Bhd. with RM90.5 million order book as at 30 June 2025, subject to a RM15.00 million cumulative profit guarantee over 3 financial years.截至 2025 年 6 月 30 日订单为 RM90.5 million 的机电子公司 SJEE Engineering Sdn. Bhd. 之表现，其附带 3 个财年内不少于 RM15.00 million 的累计盈利担保。
Sources (3)出处（3）
The Proposed Acquisition was priced at 9 times Price/Earnings (“PE”) multiples based on profit guarantee provided by SJEE whereby SJEE shall achieve a cumulative profit after tax of not less than RM15.00 million over 3 financial years (“Profit Guarantee”).
During the year under review, the Group established a new division focused on mechanical and electrical (“M&E”) services, following the acquisition of SJEE Engineering Sdn. Bhd. (“SJEE”) in January 2025.
For the M&E division, the outstanding order book stood at RM90.5 million as at 30 June 2025.
- Recovery of trade receivables from companies in which certain directors or connected persons have interests, which stood at RM99,801,869 and RM28,899,231 respectively at 30 June 2025.截至 2025 年 6 月 30 日应收某些董事或关联人士拥有权益之公司的贸易应收款项回收情况，分别为 RM99,801,869 与 RM28,899,231。
Sources (2)出处（2）
Included in trade receivables is an amount of RM99,801,869 (2024: RM18,565,544) due from companies in which certain Directors have interests.
Included in trade receivables is an amount of RM28,899,231 (2024: RM11,826,544) due from companies in which persons connected to a Director have interests.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-13.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-13。