DailySpaceMatang Berhad
0189 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 442 entries read2023 至 2025 年报，共读出 442 条
The company这家公司
Matang Berhad is predominantly involved in the management of plantation estates, cultivation of oil palm and durian, and sale of fresh fruit bunch and durian, which is its only reportable segment. All operations of the group are carried out in Malaysia.Matang Berhad 主要从事种植园管理、油棕和榴莲种植，以及鲜果串和榴莲的销售，这是其唯一的可报告部门。集团的所有业务均在马来西亚开展。
Sources (2)出处（2）
The Group is predominantly involved in management of plantation estate, cultivation of oil palm and durian and sale of fresh fruit bunch and durian which is the only reportable segment.
All the Group’s operations are carried out in Malaysia.
In FY2025, revenue comprised sale of palm products of RM20,498,560 and sale of durians of RM1,079,901. In FY2024, sale of palm products was RM16,437,918 and sale of durians was RM440,954, whereas in FY2023 the sole contributor of operating revenue was sales of fresh fruit bunch from Matang Estate.2025 财年，营业额包括棕榈产品销售 RM20,498,560 和榴莲销售 RM1,079,901。2024 财年，棕榈产品销售为 RM16,437,918，榴莲销售为 RM440,954；而在 2023 财年，营业额的唯一来源为 Matang 园丘的鲜果串销售。
Sources (5)出处（5）
The Group’s sole contributor of operating revenue for FY2023 remained from the sales of FFB from Matang Estate.
Sale of palm products 16,437,918 14,327,110 - -
Sale of durians 440,954 - - -
- Sale of palm products 20,498,560 16,437,918 - -
- Sale of durians 1,079,901 440,954 - -
The group also owns an industrial property in Kawasan Perindustrian Larkin, Johor Bahru, comprising three blocks of buildings on 3.20 acres of leasehold land expiring on 24 September 2031, which generated gross rental income of RM0.99 million in FY2025. It also owns 5,000 square meters of vacant freehold land in Tangkak leased to a food truck operator up to 31 March 2030.集团还在新山 Kawasan Perindustrian Larkin 拥有一处工业物业，包含位于 3.20 英亩租赁土地上的三座建筑，租约于 2031 年 9 月 24 日到期，该物业在 2025 财年产生租金毛收入 RM0.99 million。此外还拥有东甲一块 5,000 平方米的永久地契空地，出租给快餐车经营者直至 2030 年 3 月 31 日。
Sources (4)出处（4）
also owns an industrial property comprising three (3) blocks of building with total net lettable areas of about 149,000 square feet located on a 3.20 acres leasehold land in Kawasan Perindustrian Larkin, Johor Bharu, Johor (“Larkin Investment Property”).
MAPS owns a piece of vacant freehold development land of 5,000 square meters in Tangkak, District of Tangkak, Johor, that is currently on a 3 + 3 years lease to a Food Truck Operator up to 31 March 2030.
Larkin Investment Property, owned by MHB, consists of three industry buildings on leasehold land spanning approximately 3.2 acres with a 60-year lease term expiring on 24 September 2031.
The gross rental income from Larkin Investment Property was RM0.99 million, accounting for approximately 4.0% of the Group’s total revenue and other income for FY2025.
Malaysian Chinese Association holds a deemed interest of 26.32% (628,762,528 shares) in the company through Huaren Holdings Sdn Bhd (605,944,428 shares, 25.36%) and Rohua Sdn Bhd (19,768,000 shares, 0.83%). Ang Kian You holds 208,560,300 shares (8.73%). Pledged securities accounts include Alliancegroup Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Kuan Peng Ching @ Kuan Peng Soon with 87,023,300 shares (3.64%) and Maybank Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Lim Han Weng with 70,000,000 shares (2.93%). None of the directors has any family relationship with any other director or major shareholder of the company.马来西亚华人公会通过 Huaren Holdings Sdn Bhd（605,944,428 股，25.36%）和 Rohua Sdn Bhd（19,768,000 股，0.83%）视同持有公司 26.32% 股份（628,762,528 股）。Ang Kian You 持有 208,560,300 股（8.73%）。抵押证券账户包括为 Kuan Peng Ching @ Kuan Peng Soon 开立的 Alliancegroup Nominees (Tempatan) Sdn Bhd 抵押证券账户（87,023,300 股，3.64%）以及为 Lim Han Weng 开立的 Maybank Nominees (Tempatan) Sdn Bhd 抵押证券账户（70,000,000 股，2.93%）。各位董事之间以及与公司主要股东之间均无亲属关系。
Sources (8)出处（8）
(i) None of the Directors has any family relationship with any other director and/or major shareholder of the Company.
Huaren Holdings Sdn Bhd 605,944,428 25.36 - -
Ang Kian You 208,560,300 8.73 - -
Malaysian Chinese Association - - 628,762,528 26.32^
^ Deemed interest by virtue of its shareholdings in Huaren Holdings Sdn Bhd and Rohua Sdn Bhd pursuant to Section 8 of the Companies Act 2016
3 Alliancegroup Nominees (Tempatan) Sdn Bhd 87,023,300 3.64 Pledged Securities Account for Kuan Peng Ching @ Kuan Peng Soon (7000855)
4 Maybank Nominees (Tempatan) Sdn Bhd 70,000,000 2.93 Pledged Securities Account for Lim Han Weng
9 Rohua Sdn Bhd 19,768,000 0.83
Datuk Ir. Low Ah Keong resigned as Executive Director on 31 March 2024, and Tan Tuan Peng was appointed as an Executive Director on 1 December 2023. Datuk Teoh Sew Hock retired from the board on 19 November 2024, and Tai Chee How was appointed as a Non-Independent Non-Executive Director on 16 July 2025.Datuk Ir. Low Ah Keong 于 2024 年 3 月 31 日辞任执行董事，Tan Tuan Peng 于 2023 年 12 月 1 日获任执行董事。Datuk Teoh Sew Hock 于 2024 年 11 月 19 日自董事会退任，Tai Chee How 于 2025 年 7 月 16 日获任非独立非执行董事。
Sources (6)出处（6）
Tan Tuan Peng (“Mr. Tan”), male, aged 51, a Malaysian, was appointed to our Board on 1 December 2023 as a an Executive Director.
The Board would like to express its greatest thanks to Datuk Ir. Low Ah Keong, the former Executive Director, resigned on 31 March 2024 for his past services and contributions to the Company and the Group.
Tai Chee How (“Mr. Tai”), male, aged 43, a Malaysian, was appointed to our Board as a Non-Independent Non-Executive Director on 16 July 2025.
c. Datuk Teoh Sew Hock as member who had retired on 19 November 2024; and
Tai Chee How* (Appointed on 16 July 2025)
Datuk Teoh Sew Hock (Resigned on 19 November 2024)
Revenue by product, 20252025 年各产品营业额
Sources (2)出处（2）
- Sale of palm products 20,498,560 16,437,918 - -
- Sale of durians 1,079,901 440,954 - -
Major events大事记
Sources (3)出处（3）
The Private Placement 2022 has been completed on 6 July 2022 with 217,200,020 Placement Shares 2022 listed on ACE Market of Bursa Malaysia Securities Berhad.
(1) From the date of receipt of the funds on 6 July 2022.
Following the private placement completed in July 2022, which raised gross proceeds of RM21.09 million, the Group had previously earmarked the funds primarily for potential acquisitions of oil palm and/or durian plantation assets and the development of new plantation landbanks.
Sources (1)出处（1）
the Group has completed the development of its first durian plantation (“First Durian Plantation” or “DP1.0”) of 46.60 ha in February 2021 followed with the completion of development of second durian plantation of 54.34 ha in October 2022.
Sources (1)出处（1）
The Company has also entered into a Share Sale Agreement on 2 May 2023 with ten (10) sellers to acquire a total of 2,500,000 shares in Greencode Farm Sdn Bhd (“GFSB”) for a total purchase consideration of RM30.57 million (“SSA”).
Sources (1)出处（1）
However, due to non-fulfilment by Star Media of the condition precedent under the SPA to obtain its shareholders approval for the proposed disposal of the Property, the Company had on 17 July 2023 agreed to Star Media on its request to mutually terminate the SPA with effect from 17 July 2023.
Sources (3)出处（3）
The acquisition of GFSB has been completed on 25 July 2023 and further to that, the company name of GFSB has been changed to Matang Agriculture and Plantation (Yong Peng) Sdn Bhd (“MAPYP”) with effect from 8 September 2023.
With effect from 25 July 2023, with the completion of the acquisition of MAPYP, an additional hectarage of approximately 37.64 ha of mature oil palm plantation at prime age was added to Matang Group.
Further, with the completion of acquisition of MAPYP on 25 July 2023, an additional 17.092 ha durian plantation was added to the Group making the Group’s total hectarage of durian plantation of 118.03 ha.
Sources (2)出处（2）
The acquisition of GFSB has been completed on 25 July 2023 and further to that, the company name of GFSB has been changed to Matang Agriculture and Plantation (Yong Peng) Sdn Bhd (“MAPYP”) with effect from 8 September 2023.
The acquisition of GFSB was completed on 25 July 2023, and further to that, the company name of GFSB was changed to Matang Agriculture and Plantation (Yong Peng) Sdn. Bhd. on 8 September 2023.
Sources (1)出处（1）
With the arrival of the last batch of foreign workers from the 120 approved quotas in February 2024, the Group has the optimal level of workers to run the plantation.
Sources (1)出处（1）
A key milestone was the approval at the Extraordinary General Meeting (“EGM”) on 19 November 2024 to re-designate the remaining RM14.02 million proceeds from the 2022 private placement.
Sources (1)出处（1）
The first year of the programme was completed in June 2025, and the second year is currently in progress.
Revenue and profit营业额与盈利
Assets, equity and liabilities资产、权益与负债
20232023 年
In FY2023, the company completed a private placement on 6 July 2022 issuing 217,200,020 new ordinary shares and raising cash proceeds of RM21,090,122. Net cash from investing activities was RM16,464,639, supported by RM16,639,154 of withdrawals of deposits over three months and interest received of RM2,809,820, while purchase of property, plant and equipment took RM3,003,005 and a deposit of RM3,056,620 was placed for acquiring Greencode Farm Sdn Bhd. Dividends paid amounted to RM5,256,240.2023 财年，公司于 2022 年 7 月 6 日完成私下配售，发行 217,200,020 股新普通股，募集现金净额 RM21,090,122。投资活动所得现金净额为 RM16,464,639，主要来自提取超过三个月的定期存款 RM16,639,154 和已收利息 RM2,809,820；购置物业、厂房及设备支出 RM3,003,005，并为收购 Greencode Farm Sdn Bhd 支付了 RM3,056,620 的定金。已付股息总计 RM5,256,240。
Sources (10)出处（10）
The Private Placement 2022 has been completed on 6 July 2022 with 217,200,020 Placement Shares 2022 listed on ACE Market of Bursa Malaysia Securities Berhad.
Final and single tier dividend of 0.22 sen per share, paid on 9 January 2023 5,256,240
During the financial year, the issued and paid-up ordinary share capital of the Company was increased from 2,172,000,256 to 2,389,200,276 by way of issuance of 217,200,020 new ordinary shares of RM0.0971 each for cash.
Withdrawals of deposits with licensed banks more than three (3) months 16,639,154 4,984,768 15,045,987 4,748,388
Interest received 2,809,820 1,573,549 1,969,409 968,318
Purchase of property, plant and equipment 4 (3,003,005) (2,406,737) (271,611) (20,530)
Net cash from investing activities 16,464,639 4,187,213 24,545,299 11,689,269
Dividend paid 23 (5,256,240) (4,344,000) (5,256,240) (4,344,000)
Proceeds from issuance of ordinary shares 13 21,090,122 - 21,090,122 -
(i) Included in deposits is an amount of RM3,056,620 (2022: Nil) representing deposit paid in relation to the acquisition of Greencode Farm Sdn. Bhd. as disclosed in Note 27(b) to the financial statements.
20242024 年
In FY2024, the acquisition of Greencode Farm Sdn Bhd (renamed Matang Agriculture and Plantation (Yong Peng) Sdn Bhd) was completed on 25 July 2023 for RM30.57 million, with RM27.6 million in cash paid out in July 2023. Purchase of property, plant and equipment took RM33,999,262, and net cash used in investing activities was RM34,408,724. Dividends paid were RM3,822,529, and cash and bank balances stood at RM2,134,402 at year end.2024 财年，收购 Greencode Farm Sdn Bhd（后更名为 Matang Agriculture and Plantation (Yong Peng) Sdn Bhd）于 2023 年 7 月 25 日以 RM30.57 million 完成，2023 年 7 月支付了 RM27.6 million 现金。购置物业、厂房及设备支出 RM33,999,262，投资活动所用现金净额为 RM34,408,724。已付股息为 RM3,822,529，年末现金及银行结余为 RM2,134,402。
Sources (8)出处（8）
The Company entered into a Share Sale Agreement on 2 May 2023 with ten (10) sellers to acquire a total of 2,500,000 shares in GFSB for a total purchase consideration of RM30.57 million.
The acquisition of GFSB was completed on 25 July 2023, and further to that, the company name of GFSB was changed to Matang Agriculture and Plantation (Yong Peng) Sdn. Bhd. on 8 September 2023.
The other income decreased from RM4.10 million in FY2023 to RM3.80 million in the current FY under review mainly due to the reduced fund size following the cash acquisition of MAPYP, with RM27.6 million paid out in July 2023.
Final and single tier dividend of 0.16 sen per share, paid on 8 January 2024 3,822,529
Purchase of property, plant and equipment 4 (33,999,262) (3,003,005) (218,443) (271,611)
Net cash (used in)/from investing activities (34,408,724) 16,464,639 (22,345,783) 24,545,299
Dividend paid (3,822,529) (5,256,240) (3,822,529) (5,256,240)
Cash and bank balances 2,134,402 29,222,001 738,318 28,437,137
20252025 年
In FY2025, placement of deposits with licensed banks for more than three months took RM27,815,353, and purchase of property, plant and equipment took RM3,186,790. Net cash used in investing activities was RM28,548,003, and net cash used in financing activities was RM4,035,478, which included dividends paid of RM3,822,478. The company had no borrowings or debt securities outstanding during the year.2025 财年，存入超过三个月的持牌银行定期存款占用 RM27,815,353，购置物业、厂房及设备支出 RM3,186,790。投资活动所用现金净额为 RM28,548,003，融资活动所用现金净额为 RM4,035,478，其中包括已付股息 RM3,822,478。公司年内无未偿还借款或债务证券。
Sources (7)出处（7）
This was primarily due to the placement of RM27.82 million in deposits with maturities greater than three months, reflecting a treasury decision to secure returns, and RM3.19 million of capital expenditure for estate upkeep and development.
No borrowings or debt securities were outstanding during the year.
licensed banks more than three (3) months (27,815,353) (2,760,040) (25,453,699) 255,625
Purchase of property, plant and equipment 4 (3,186,790) (33,999,262) (20,086) (218,443)
Net cash used in investing activities (28,548,003) (34,103,141) (22,257,565) (22,282,734)
Dividends paid 23 (3,822,478) (3,822,529) (3,822,478) (3,822,529)
Net cash used in financing activities (4,035,478) (3,975,111) (4,002,478) (3,966,111)
Across the three years三年合看
At end FY2025 the group was debt-free, holding its liquid funds in deposits with licensed banks (RM48,169,929 at end FY2025) and short term funds (RM25,543,549 at end FY2025). Total assets expanded from RM233.6 million at end FY2022 to RM254.9 million at end FY2025. Single-tier dividends paid were 0.22 sen per share for FY2022, 0.16 sen per share for FY2023, and 0.16 sen per share for FY2024, with a dividend of 0.22 sen per share proposed for FY2025.截至 2025 财年末集团无负债，流动资金主要以持牌银行定期存款（2025 财年末为 RM48,169,929）和短期基金（2025 财年末为 RM25,543,549）形式持有。总资产从 2022 财年末的 RM233.6 million 增加至 2025 财年末的 RM254.9 million。所派发单层股息分别为 2022 财年的每股 0.22 仙、2023 财年的每股 0.16 仙及 2024 财年的每股 0.16 仙，并建议就 2025 财年派发每股 0.22 仙股息。
Sources (10)出处（10）
Final and single tier dividend of 0.22 sen per share, paid on 9 January 2023 5,256,240
The Company paid a final single tier dividend of 0.16 sen per share in respect of FY2023, the total sum of which amounted to RM3.82 million that was paid on 8 January 2024.
Final and single tier dividend of 0.16 sen per share, paid on 8 January 2024 3,822,529
Freehold estate land 107,787,217 17,356,672 125,143,889
Bearer plants 45,748,154 15,332,387 61,080,541
Matang remains debt-free and ended the period with a net cash position of RM40.27 million, supported by total cash, bank balances, and short-term funds of RM76.72 million, with RM36.44 million placed in deposits exceeding three months.
Final and single tier dividend of 0.16 sen per share, paid on 8 January 2025 3,822,478
At the forthcoming Annual General Meeting, a first and final single tier dividend of 0.22 sen per ordinary share in respect of the current financial year will be proposed for shareholders’ approval.
Deposits with licensed banks 48,169,929 45,728,216 31,414,355 33,408,068
Short term funds 25,543,549 24,570,656 5,043,149 4,847,687
Still to be spent尚未支出的承诺
At 30 June 2025, unutilised working capital proceeds from the 2021 private placement stood at RM8.02 million. Following approval at an EGM on 19 November 2024, the remaining RM14.02 million from the 2022 private placement was reallocated to working capital (RM10.00 million for plantation development and operations and RM4.02 million for downstream durian activities) and remained entirely unutilised at 30 June 2025. Contracted capital commitments fell from RM1,946,300 in FY2023 to RM706,877 in FY2024 and RM174,139 in FY2025.截至 2025 年 6 月 30 日，2021 年私下配售未动用的营运资金余额为 RM8.02 million。在 2024 年 11 月 19 日的股东特别大会上获批后，2022 年私下配售剩余的 RM14.02 million 被重新分配至营运资金（RM10.00 million 用于种植园发展和运营，RM4.02 million 用于榴莲下游业务），截至 2025 年 6 月 30 日仍完全未动用。已签约的资本承诺从 2023 财年的 RM1,946,300 降至 2024 财年的 RM706,877，再降至 2025 财年的 RM174,139。
Sources (10)出处（10）
- contracted 1,946,300 3,433,576
- contracted 706,877 1,946,300
A key milestone was the approval at the Extraordinary General Meeting (“EGM”) on 19 November 2024 to re-designate the remaining RM14.02 million proceeds from the 2022 private placement.
Originally earmarked for acquisitions, these funds are now allocated to working capital, RM10.00 million for plantation development and operations, and RM4.02 million for downstream durian initiatives.
For the financial year ended 30 June 2025 (“FY2025”), The Group utilised RM2.65 million as working capital for durian plantation, with the balance unutilised working capital as of 30 June 2025 stood at RM8.02 million.
1 Development and operational expenditures including but not limited to purchase of equipment and raw materials, land clearing, earthworks and planting costs, and the upkeep and maintenance costs of the oil palm and durian plantation(s) 10,000
2 Downstream durian activities, including the development and initial setting up of the half-processing and/ or full-processing durian downstream product and the subsequent operational expenditures 4,020
As of 30 June 2025, the balance of unutilised working capital stood at RM14.02 million.
- contracted 174,139 706,877
(1) Issuance of 362,000,000 Shares pursuant to the Private Placements in 2021 (“PP 2021”)
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 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 17,625,245 | 14,327,110 | 16,878,872 | 21,578,461 |
| Profit before tax税前盈利 | 8,614,908 | 3,356,075 | 4,945,331 | 9,228,486 |
| Profit for the financial year本年度盈利 | 5,689,321 | 2,626,846 | 3,209,565 | 5,963,613 |
| Purchase of property, plant and equipment购置物业、厂房及设备 | (2,406,737) | (3,003,005) | (33,999,262) | (3,186,790) |
| Dividend paid已付股息 | (4,344,000) | (5,256,240) | (3,822,529) | (3,822,478) |
| Total assets总资产 | 233,591,174 | 251,859,158 | 251,793,120 | 254,891,619 |
| Total equity总权益 | 228,338,574 | 246,802,467 | 246,195,833 | 248,319,033 |
| Total liabilities总负债 | 5,252,600 | 5,056,691 | 5,597,287 | 6,572,586 |
| Cash and bank balances现金及银行结余 | 1,858,896 | 29,222,001 | 2,134,402 | 3,001,583 |
| Short term funds短期基金 | 22,742,584 | 23,628,906 | 24,570,656 | 25,543,549 |
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 |
|---|---|---|
| Acquisition of two industrial property units from Star Media for RM33,000,000 via issuance of 357,000,000 shares (2023)通过发行 357,000,000 股以 RM33,000,000 向 Star Media 收购两座工业产业（2023） | The agreement was mutually terminated on 17 July 2023 as Star Media failed to obtain shareholders approval; corporate exercise expenses were written off.因 Star Media 未能获得股东批准，该协议于 2023 年 7 月 17 日双方同意终止；相关企业重组费用已作核销。Sources (4)出处（4）the other expenses rose by RM0.53 million due to the one-time write-off of corporate exercise expenses incurred for the proposed acquisition of two units of industrial property in Bukit Jelutong, Shah Alam to be developed by SMG Land Sdn Bhd for a total purchase consideration of RM33,000,000 to be satisfied via the allotment and issuance of 357,000,000 new ordinary shares in Matang to SMG Production & Distribution Sdn Bhd, a wholly-owned subsidiary of the Vendor at an issue price of RM0.0809 each However, due to non-fulfilment by Star Media of the condition precedent under the SPA to obtain its shareholders approval for the proposed disposal of the Property, the Company had on 17 July 2023 agreed to Star Media on its request to mutually terminate the SPA with effect from 17 July 2023. However, due to non-fulfilment by Star Media of the condition precedent under the SPA to obtain its shareholders' approval for the proposed disposal of the Property, the Company had on 17 July 2023 agreed to Star Media on its request to mutually terminate the SPA with effect from 17 July 2023. | Terminated已终止 |
| Scheduled 4-year replanting programme for 312.29 ha of oil palm, commencing with 77.2 ha in July 2024 (2024)计划对 312.29 公顷油棕开展四年翻种工程，第一期 77.2 公顷于 2024 年 7 月启动（2024） | The first year of the programme was completed in June 2025, and the second year is in progress.翻种计划第一年工程于 2025 年 6 月完成，第二年工程正在进行中。Sources (3)出处（3）At the same time, 77.2 ha, being the first phase of the scheduled 4-year replanting works for 312.29 ha of oil palm plantation in our Segamat Estate located in the District of Tangkak and Segamat, Johor, commenced in July 2024. The first phase, involving 77.2 hectares at Segamat Estate, commenced in FY2025, with further blocks scheduled for replanting in the financial year ending 30 June 2026 (“FY2026”). The first year of the programme was completed in June 2025, and the second year is currently in progress. | First year done; second year in progress第一年已完成；第二年进行中 |
| First and final single tier dividend of 0.16 sen per share recommended for FY2024 (2024)建议就 2024 财年派发每股 0.16 仙的首次及终期单层股息（2024） | Dividend was paid on 8 January 2025, totalling RM3,822,478.股息于 2025 年 1 月 8 日派发，总计 RM3,822,478。Sources (4)出处（4）The Board recommends the first and final dividend of 0.16 sen per ordinary share of Matang in respect of FY2024, which is subject to the approval of the shareholders of Matang in the upcoming Annual General Meeting (“AGM”) of the Company. NOTICE IS HEREBY GIVEN THAT subject to the approval of shareholders at the Tenth Annual General Meeting of the Company, the first and final single-tier dividend of 0.16 sen per ordinary share in respect of the financial year ended 30 June 2024 will be paid to shareholders on 8 January 2025. Final and single tier dividend of 0.16 sen per share, paid on 8 January 2025 3,822,478 Dividends paid 23 (3,822,478) (3,822,529) (3,822,478) (3,822,529) | Paid已派发 |
| Unutilised proceeds of PP 2022 to be used for future acquisitions within 30 months, to 5 January 2025 (2024)2022 年配售未动用资金将在 30 个月内用于未来收购，截至 2025 年 1 月 5 日（2024） | Shareholders approved varying the proceeds on 19 November 2024, reallocating the RM14.02 million to working capital instead of acquisitions.股东于 2024 年 11 月 19 日批准变更用途，将 RM14.02 million 重新分配至营运资金而非收购。Sources (3)出处（3）The Board had earlier on 28 February 2024 resolved that the period of utilisation of proceeds from PP 2022 for future acquisitions be extended within 30 months from the date of receipt of the funds, i.e. to 5 January 2025. A key milestone was the approval at the Extraordinary General Meeting (“EGM”) on 19 November 2024 to re-designate the remaining RM14.02 million proceeds from the 2022 private placement. Originally earmarked for acquisitions, these funds are now allocated to working capital, RM10.00 million for plantation development and operations, and RM4.02 million for downstream durian initiatives. | Varied to working capital已变更为营运资金 |
What the reports leave open年报留下待看的事
- The lease for the Larkin Investment Property expires on 24 September 2031; previous extension applications have been rejected on multiple occasions, and the land faces surrender to the Johor State Authority if not renewed, ending rental income of RM0.99 million.Larkin 投资产业租约将于 2031 年 9 月 24 日到期；以往多次延期申请均被驳回，若未能续期，土地将归还柔佛州政府，导致损失 RM0.99 million 的租金收入。
Sources (4)出处（4）
Larkin Investment Property, owned by MHB, consists of three industry buildings on leasehold land spanning approximately 3.2 acres with a 60-year lease term expiring on 24 September 2031.
Previous applications for the lease extensions have been rejected on multiple occasions.
The gross rental income from Larkin Investment Property was RM0.99 million, accounting for approximately 4.0% of the Group’s total revenue and other income for FY2025.
If the Johor Bharu Land Administrator does not change their decision by the lease term’s expiry on 24 September 2031, the land will be surrendered to the Johor State Authority if there is no renewal option.
- Utilisation of the RM14.02 million in reallocated private placement proceeds (RM10.00 million for plantation development and RM4.02 million for downstream durian activities), which remained entirely unutilised at 30 June 2025.重新分配的 RM14.02 million 私下配售资金的动用情况（RM10.00 million 用于种植园发展，RM4.02 million 用于榴莲下游业务），截至 2025 年 6 月 30 日该款项仍完全未动用。
Sources (4)出处（4）
Originally earmarked for acquisitions, these funds are now allocated to working capital, RM10.00 million for plantation development and operations, and RM4.02 million for downstream durian initiatives.
1 Development and operational expenditures including but not limited to purchase of equipment and raw materials, land clearing, earthworks and planting costs, and the upkeep and maintenance costs of the oil palm and durian plantation(s) 10,000
2 Downstream durian activities, including the development and initial setting up of the half-processing and/ or full-processing durian downstream product and the subsequent operational expenditures 4,020
As of 30 June 2025, the balance of unutilised working capital stood at RM14.02 million.
- Execution of the second year of the four-year oil palm replanting programme covering 312.29 ha in Segamat Estate, following completion of the first 77.2 ha in June 2025.昔加末园丘 312.29 公顷油棕四年翻种计划第二年的执行情况，第一期 77.2 公顷已于 2025 年 6 月完成。
Sources (3)出处（3）
At the same time, 77.2 ha, being the first phase of the scheduled 4-year replanting works for 312.29 ha of oil palm plantation in our Segamat Estate located in the District of Tangkak and Segamat, Johor, commenced in July 2024.
The first phase, involving 77.2 hectares at Segamat Estate, commenced in FY2025, with further blocks scheduled for replanting in the financial year ending 30 June 2026 (“FY2026”).
The first year of the programme was completed in June 2025, and the second year is currently in progress.
- Progress of the young durian plantations in Segamat Estate (103.94 ha under DP1.0 and DP2.0) towards flowering and downstream durian paste processing.昔加末园丘幼龄榴莲园（DP1.0 与 DP2.0 共 103.94 公顷）走向开花以及榴莲泥下游加工的进展。
Sources (4)出处（4）
Meanwhile, the DP1.0 and DP2.0, which are mainly planted with Musang King and Black Thorn, are expected to flower in the next few years.
Meanwhile, the Group is expanding into durian downstream projects on durian paste processing.
Notably, the Group is actively exploring downstream opportunities, particularly in durian paste processing, to unlock greater value from future harvests.
As at 30 June 2025, a total of 103.94 ha out of the planted areas of 1,076.33 ha in the Segamat Estate have been planted with durian trees between 4 years old under the Group’s First Durian Plantation (“DP1.0”) and 3 years old under the Second Durian Plantation (“DP2.0”).
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-17.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 2026-10-17。