【NESTCON 0235 交流专区】

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	NESTCON BERHAD ('NESTCON" OR "COMPANY")(I) PROPOSED JOINT DEVELOPMENT;(II) PROPOSED DIVERSIFICATION; AND(III) PROPOSED ACQUSITION(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
On behalf of the Board of Directors of Nestcon (“Board”), M & A Securities Sdn Bhd (“M&A Securities”) wishes to announce that the Company proposes to undertake the following: (i) joint development between Nestcon PJS Sdn Bhd (a 70%-owned subsidiary of Nestcon Property Sdn Bhd (“Nestcon Property”) (formerly known as Nestcon Development Sdn Bhd), which in turn is a wholly-owned subsidiary of Nestcon) (“Nestcon PJS” or “Developer”) and Kumpulan Wilayah Sejati Sdn Bhd (“KWSSB” or “Landowner”) to undertake, in a joint manner, the development of 2 adjoining parcels of leasehold vacant development lands located in Bandar Petaling Jaya Selatan, District of Petaling, State of Selangor (“Development Lands”) (“Proposed Joint Development”); (ii) diversification of the existing business operations of Nestcon and its subsidiaries (collectively, the “Group”) to include property development (“Property Development Business”) (“Proposed Diversification”); and (iii) acquisition of 3 units of office space with accessorised car parking bays within a high-rise mixed commercial development known as ‘Nest 2 Residences’ for a total cash consideration of RM15.1 million (“Proposed Acquisition”). (collectively referred to as the "Proposals") Further details of the Proposals are set out in the attachment. This announcement is dated 3 March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3530941

Attachments Nestcon - Proposals - Announcement.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - LETTER OF AWARD FROM ALAM CASANA SDN. BHD. TO NESTCON INFRA SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Infra Sdn. Bhd. (“NISB”), a wholly-owned subsidiary of the Company, had on 24 March 2025 accepted the letter of award dated 21 March 2025 (“LOA”) from Alam Casana Sdn. Bhd. (“ACSB”) in respect of the earthworks on Lot 863/864, partial of Lot 602 and Lot 610, covering an area of 242 acres at Mukim Kerling, Hulu Selangor, Selangor Darul Ehsan (“the Works”). This prestigious project is part of the first-phase development within the 800-acre Beringin High-Tech Auto Valley ecosystem, anchored by the 200-acre Chery Smart Auto Industrial Park in Lembah Beringin. The development aims to create an integrated automotive township that attracts talent, investment, and innovation, positioning Hulu Selangor as a regional hub for world-class automotive manufacturing and cutting-edge technologies. 2. INFORMATION ON NISB NISB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of NISB is principally involved in investment holding, construction works and transportation. 3. INFORMATION ON ACSB ACSB was incorporated in Malaysia as a private company limited by shares having its registered address at Suite 9, Directbiz Avenue, No. 38B-2, Jalan Radin Anum, Bandar Baru Seri Petaling, 57000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of ACSB is principally involved in investment holding and real estate activities 4. DETAILS OF THE LOA (a) The contract sum for the Works is RM100,000,000.00 (Ringgit Malaysia: One Hundred Million Only). (b) The commencement date shall be 3 April 2025. (c) The completion date shall be 2 July 2026 or within such extended date of the conditions of contract provides. (d) The defect liability period shall be twenty-four (24) months from the date of Certificate of Practical Completion. (e) NISB shall carry the Works in accordance with the other supplementary terms and conditions set out in the LOA. 5. FINANCIAL EFFECTS The acceptance of the LOA by NISB to undertake the Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Works. 6. RISK FACTORS The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur. 7. APPROVAL REQUIRED The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities. 8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Works. 9. STATEMENT BY THE BOARD OF DIRECTORS The Board, after having considered all aspects of the LOA and the Works, is of the opinion that the LOA and the Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company. This announcement is dated 24 March 2025.

icy97

Type	Announcement
Subject	OTHERS
Description	NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - LETTER OF AWARD FROM PARAMOUNT PROPERTY (CITYVIEW) SDN. BHD. TO NESTCON BUILDERS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Builders Sdn. Bhd. (“NBSB”), a wholly-owned subsidiary of the Company, had on 26 March 2025 accepted the letter of award dated 24 March 2025 (“LOA”) from Paramount Property (Cityview) Sdn. Bhd. (“PPSB”) in respect of the construction of  one (1) block of 49-storey and one (1) block of 7-storey condominiums on Lot 263, Seksyen 89A, Jalan Ampang Hilir, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“the Contract Works”). 2. INFORMATION ON NBSB NBSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of NBSB is principally involved in construction works. 3. INFORMATION ON PPSB PPSB was incorporated in Malaysia as a private company limited by shares having its registered address at Level 12, Tower B, Pusat Perdagangan Dataran Atwater, Jalan Profesor Diraja Ungku Aziz, 46200 Petaling Jaya, Selangor. The nature of business of PPSB is principally involved in residential buildings. 4. DETAILS OF THE LOA (a) The contract sum for the Contract Works is RM228,300,000.00 (Ringgit Malaysia: Two Hundred Twenty-Eight Million and Three Hundred Thousand Only). (b) The date of commencement shall be 29 April 2025. (c) The overall completion for the Contract Works shall be thirty-seven (37) months and the completion date shall be 28 May 2028 or within such extended date of the conditions of contract provides. (d) The defect liability period shall be twenty-seven (27) months from the date of Certificate of Practical Completion of the Contract Works. (e) NBSB shall carry the Contract Works in accordance with the other supplementary terms and conditions set out in the LOA. 5. FINANCIAL EFFECTS The acceptance of the LOA by NBSB to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works. 6. RISK FACTORS The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur. 7. APPROVAL REQUIRED The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities. 8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Contract Works. 9. STATEMENT BY THE BOARD OF DIRECTORS The Board, after having considered all aspects of the LOA and the Contract Works, is of the opinion that the LOA and the Contract Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company.

icy97

Type	Announcement
Subject	OTHERS
Description	NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - LETTER OF AWARD FROM MATRIX EXCELCON SDN. BHD. TO NESTCON BORNEO SDN. BHD. (FORMERLY KNOWN AS NESTCON KSJ VENTURES SDN. BHD.), A SUBSIDIARY OF THE COMPANY
1. INTRODUCTION The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Borneo Sdn. Bhd. (Formerly known as Nestcon KSJ Ventures Sdn. Bhd.) (“NBSB”), a subsidiary of the Company, had on 13 May 2025 accepted the letter of award dated 9 May 2025 (“LOA”) from Matrix Excelcon Sdn. Bhd. (“MESB”) in respect of the site clearing and earthworks for a proposed mixed development with approximately 1,382 acres at Mukim Labu, Daerah Seremban, Negeri Sembilan Darul Khusus (“Sub-Contract Works”). 2. INFORMATION ON NBSB NBSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. NBSB is a 51% owned subsidiary of Nestcon Infra Sdn. Bhd., which in turn is a wholly-owned subsidiary of the Company. NBSB is principally engaged in construction works. 3. INFORMATION ON MESB MESB was incorporated in Malaysia as a private company limited by shares having its registered address at Wisma Matrix, No. 57, Jalan Tun Dr Ismail, 70200 Seremban, Negeri Sembilan Darul Khusus. MESB is principally engaged as general contractors. 4. DETAILS OF THE LOA (a) The sub-contract sum for the Sub-Contract Works is RM44,118,908.00 (Ringgit Malaysia: Forty-Four Million One Hundred Eighteen Thousand Nine Hundred and Eight Only). (b) The date of commencement shall be 15 May 2025. (c) The overall completion period for the Sub-Contract Works shall be thirty-two (32) months and the completion date shall be 14 January 2028. (d) The defects liability period shall be twelve (12) months from the date of Certificate of Practical Completion. (e) NBSB shall carry the Sub-Contract Works in accordance with the other supplementary terms and conditions set out in the LOA. 5. FINANCIAL EFFECTS The acceptance of the LOA by NBSB to undertake the Sub-Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Sub-Contract Works. 6. RISK FACTORS The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Sub-Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur. 7. APPROVAL REQUIRED The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities. 8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Sub-Contract Works. 9. STATEMENT BY THE BOARD OF DIRECTORS The Board, after having considered all aspects of the LOA and the Sub-Contract Works, is of the opinion that the LOA and the Sub-Contract Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company. This announcement is dated 13 May 2025.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	169,787	208,491	169,787	208,491
2	Profit/(loss) before tax	2,023	2,388	2,023	2,388
3	Profit/(loss) for the period	1,716	1,679	1,716	1,679
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,740	1,578	2,740	1,578
5	Basic earnings/(loss) per share (Subunit)	0.38	0.22	0.38	0.22
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.2100		0.2100