【NE 0325 交流专区】

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IPO Prospectus

NORTHEAST GROUP BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") IN CONJUNCTION WITH THE LISTING OF NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 168,989,000 NEW ORDINARY SHARES IN OUR COMPANY ("SHARES") ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: (A) 37,000,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 29,600,000 ISSUE SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS BUSINESS ASSOCIATES WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR COMPANY AND SUBSIDIARIES; (C) 61,689,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 40,700,000 ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY OF MALAYSIA ("MITI"); AND (II) OFFER FOR SALE OF 51,800,000 EXISTING SHARES ("OFFER SHARE(S)") BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MITI, AT AN IPO PRICE OF RM0.50 PER ISSUE SHARE / OFFER SHARE, PAYABLE IN FULL UPON APPLICATION

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3486343

Attachments 1. Northeast_Prospectus (Part 1).pdf 2. Northeast_Prospectus (Part 2).pdf 3. Northeast_Detailed Procedures for Application and Acceptance.pdf

Type	Announcement
Subject	OTHERS
Description	NORTHEAST GROUP BERHAD ("NORTHEAST" OR THE "COMPANY")INITIAL PUBLIC OFFERING IN CONJUNCTION WITH THE LISTING OF NORTHEAST ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD
(Unless otherwise stated, the definitions used in this announcement shall carry the same meaning as those defined in the Prospectus issued by Northeast dated 26 September 2024). On behalf of the Board of Directors of Northeast, Affin Hwang Investment Bank Berhad wishes to announce the following in relation to the IPO: (i) level of subscription of public balloting and placement; (ii) basis of allotment / allocation; (iii) distribution for placement tranche; and (iv) disclosure of placees who become substantial shareholders of Northeast arising from the IPO. Further details on the above are enclosed in the attachment. This announcement is dated 7 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3489443

Attachments Northeast - Subscription Rate Announcement (7.10.2024).pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	21,568		68,613
2	Profit/(loss) before tax	4,308		17,190
3	Profit/(loss) for the period	3,202		12,983
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,202		12,983
5	Basic earnings/(loss) per share (Subunit)	0.43		1.75
6	Proposed/Declared dividend per share (Subunit)	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 ($$)	0.2700		44.6100

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Initial Public Offering

NORTHEAST GROUP BERHAD

Date of Listing	15 Oct 2024
Enlarged Issued Share Capital in the following
Units	740,000,000
Currency	Malaysian Ringgit (MYR)
Par Value($$) (if applicable)
Enlarged Issued Share Capital ($$)	225,161,874.000
Stock Code	0325
Stock Name	NE
ISIN code	MYQ0325OO009
Board	ACE Market
Bursa Sector	INDUSTRIAL PRODUCTS & SERVICES
Bursa Sub Sector	INDUSTRIAL MATERIALS, COMPONENTS & EQUIPMENT
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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NORTHEAST GROUP BERHAD

Date of change	30 Nov 2024
Name	MISS TAN SUAT HOON
Age	55
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue personal interests
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Finance Chartered Institute of Management Accountants UK
Working experience and occupation	More than 20 years of experience in corporate finance, advisory and debt capital market
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil

Date of change	30 Oct 2024
Name	MISS LOO WEN CHYI
Age	41
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Principal Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Finance Malaysian Institute of Accountants (MIA) 2 Degree Finance/Accountancy/Banking University Malaya
Working experience and occupation	More than 15 years of experience in general accounting, compliance and corporate finance including 13 years in a public listed company with her last position as the Corporate Finance Manager before joining Northeast Group Berhad.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct: 50,000 ordinary shares

Remarks :

Currently Ms Loo is the Finance & Administration Director of Northeast Group Berhad.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2024	30 Sep 2023	30 Sep 2024	30 Sep 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	21,530		90,143
2	Profit/(loss) before tax	1,874		19,064
3	Profit/(loss) for the period	760		13,743
4	Profit/(loss) attributable to ordinary equity holders of the parent	760		13,743
5	Basic earnings/(loss) per share (Subunit)	0.10		1.86
6	Proposed/Declared dividend per share (Subunit)	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	0.2700		44.6100

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	24,177		24,177
2	Profit/(loss) before tax	1,810		1,810
3	Profit/(loss) for the period	285		285
4	Profit/(loss) attributable to ordinary equity holders of the parent	285		285
5	Basic earnings/(loss) per share (Subunit)	0.04		0.04
6	Proposed/Declared dividend per share (Subunit)	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	0.3200		0.2700

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Type	Announcement
Subject	OTHERS
Description	NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY")(I)        PROPOSED ACQUISITIONS; AND(II)        VARIATION AND EXTENSION OF TIMEFRAME FOR THE USE OF PROCEEDS RAISED FROM THE INITIAL         PUBLIC OFFERING OF THE COMPANY ("IPO") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
The Board of Directors of Northeast (“Board”) wishes to announce the following: 1) NE Technologies Sdn Bhd (“NE Technologies” or “Purchaser”), a wholly-owned subsidiary of Northeast, had on 7 March 2025 entered into the following agreements: a) conditional sale and purchase agreement (“SPA I”) with Yeoh Hung Meng and Yeoh Mooi Eng  to acquire all that leasehold land held under PM 340, Lot 519, Mukim 13, Daerah Seberang Perai Tengah, Negeri Pulau Pinang measuring approximately 0.607 hectares (approximately 65,336.94 square feet for a cash consideration of RM5,553,640, upon the terms and conditions as stipulated in SPA I (“Proposed Acquisition I”); and b) a conditional sale and purchase agreement (“SPA II”) with Yeoh Mooi Eng and Weng Siang Sdn Bhd to acquire all that leasehold land held under PM 461, Lot 20823, Mukim 13, Daerah Seberang Perai Tengah, Negeri Pulau Pinang measuring approximately 0.538 hectares (approximately 57,952.89 sq ft) together with a warehouse erected thereon for a total cash consideration of RM10,800,000, upon the terms and conditions as stipulated in SPA II (“Proposed Acquisition II”); and (The Proposed Acquisition I and Proposed Acquisition II are collectively referred to as the “Proposed Acquisitions”). 2) Reference is made to the use of proceeds raised from the public issue under the IPO as disclosed in the Company’s Prospectus dated 26 September 2024 that was issued in conjunction with the Company’s listing on the ACE Market of Bursa Malaysia Securities Berhad on 15 October 2024. The Company had raised total gross proceeds of approximately RM84.49 million from the public issue under the IPO (“Public Issue Proceeds”). As at 28 February 2025, being the latest practicable date prior to the date of this announcement, Northeast and its subsidiaries (“Group”) have utilised approximately RM26.38 million of the Public Issue Proceeds and a balance of approximately RM58.11 million has yet to be utilised (“Unutilised Public Issue Proceeds”). The Board has deliberated and resolved to vary RM20.00 million from the Unutilised Public Issue Proceeds to be utilised to partially fund the Proposed Acquisitions and construction cost of warehouse on Property I and extend the timeframe to utilise the balance of RM20.00 million for the construction of the Revised New Factory (as defined in Section 2.2 (iv) of this announcement) (“Variation and Extension”). Further details of the Proposed Acquisitions and Variation and Extension (collectively referred to as the “Proposals”) are attached. Dated this announcement 7th day of March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3532499

Attachments NE SPAVariationExt(7Mac2025).pdf

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NORTHEAST GROUP BERHAD

Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-10032025-00001
Subject	i) Proposed Acquisitions ii) Proposed Variation
Description	NORTHEAST GROUP BERHAD ("NORTHEAST" OR "COMPANY")(I)        PROPOSED ACQUISITIONS; AND(II)        VARIATION AND EXTENSION OF TIMEFRAME FOR THE USE OF PROCEEDS RAISED FROM THE INITIAL         PUBLIC OFFERING OF THE COMPANY ("IPO") (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Query Letter Contents	(i) Proposed acquisition of a leasehold land held under PM 340, Lot 519, Mukim 13, Daerah Seberang Perai Tengah, Negeri Pulau Pinang for a cash consideration of RM5,553,640 (“Proposed Acquisition I”); (ii) Proposed acquisition of a leasehold land held under PM 461, Lot 20823, Mukim 13, Daerah Seberang Perai Tengah, Negeri Pulau Pinang together with a warehouse erected thereon for a total cash consideration of RM10,800,000 (“Proposed Acquisition II”); (collectively referred to as “Proposed Acquisitions”); and (iii) Variation and extension of timeframe for the use of proceeds raised from the initial public offering of the Company (“Proposed Variation”) We refer to your Company’s announcement dated 7 March 2025, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The salient features of the valuation report and time and place where it may be inspected. 2. Expected commencement and completion dates of the construction of the warehouse for Property I. 3. The estimated time frame for submission of the application relating to the Proposed Acquisitions to the State Authority for consent to transfer Property I and Property II to NE Technologies Sdn Bhd.
Reference is made to the Announcement dated 7 March 2025 in relation to the Proposals ("Announcement"). (Unless otherwise stated, all abbreviations used herein shall have the same meanings as those defined in the Announcement) The Board wishes to provide the following additional information as required by Bursa Securities via its letter (Ref no: IQL-10032025-00001) dated 11 March 2025. Please refere to the attachment for further details of additional information. This announcement is dated 12 March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3533864

Attachments NE AddInfor(12Mac2025).pdf