News

We refer to the announcement on 11 March 2026 in relation to the proposed disposal of property by Knusford Holdings Sdn Bhd, a wholly owned subsidiary of Knusford Berhad.

Knusford Berhad (“the Company”) is pleased to furnish herewith the additional information as required by Bursa Malaysia Securities Berhad via its email dated 12 March 2026.

1.   The details of the existing rental and the rental income per month or per annum.

      The Subject Property is currently occupied by a related party for equipment storage purposes at a monthly rental of RM23,500.

2.   Particulars of:

(i)   any liabilities, including contingent liabilities, in relation to the Proposed Disposal which remain with the Company, together with the details and justification

      of such arrangements; and
      No liabilities, including contingent liabilities, in relation to the Proposed Disposal will remain with the Company after the Completion.

      The Proposed Disposal provides an opportunity for Knusford Holdings Sdn Bhd to unlock the value of its investment in the Property and monetise a non-core asset.

      This Property has been held for more than 25 years, and the purchaser has made an offer which is in line with the market value as appraised by

       the independent valuer.

(ii)   any guarantees given by the Company to the Purchaser.

       None.

3.    Method of valuation for the valuation as stated in Section 6 of the announcement.

       The Property has been valued by a licenced Valuer, Raine & Horne International Zaki + Partners Sdn. Bhd., pursuant to its valuation certificate

       dated 12 February 2026 using a Comparison approach.

This announcement is dated 12 March 2026.