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楼主: icy97

【IBRACO 5084 交流专区】伊布拉可

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 楼主| 发表于 10-10-2017 04:59 AM | 显示全部楼层
伊布拉可
拨6000万投资教育


2017年10月10日

分析:达证券
目标价:94仙最

新进展

伊布拉可(IBRACO,5084,主板产业股)成立伊布拉可HELP教育私人有限公司,以配合HELP教育服务私人有限公司的联营计划,共同发展教育业务。

HELP教育私人有限公司志在提供小学、中学和大学先修水平教育,或涵盖本地和外国教育机构的相关课程。

行家建议

我们预计,该集团将在两年内,为教育新业务的发展,投入5500万令吉至6000万令吉的资金。

目前,该集团正忙碌于其古晋大型旗舰项目“Northbank”的推出,并与HELP教育服务合作,在该项目内设立教育中心,预计2019财年开始营运。

这将多元化集团收入来源,及增强其Northbank推出的项目价值。

西马方面,该集团会在适当的时机,寻找雪州八打灵再也的新发展订单和土地。

截至今年6月,该集团净负债达1亿3700万令吉,净负债比率达0.4倍,预计收购土地和教育业务的资本开销,会将该比率推高至约0.6倍。

但是,相信该集团强劲的资本,将继续支撑其未来发展和扩展计划,惟不排除通过发售新股,以加强资产负债表。



【e南洋】
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 楼主| 发表于 28-11-2017 02:14 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2017
30 Sep 2016
30 Sep 2017
30 Sep 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
28,158
32,431
69,559
132,122
2Profit/(loss) before tax
5,044
7,485
12,873
36,413
3Profit/(loss) for the period
3,756
4,448
10,779
26,057
4Profit/(loss) attributable to ordinary equity holders of the parent
3,206
4,361
9,558
23,808
5Basic earnings/(loss) per share (Subunit)
0.65
0.88
1.93
4.80
6Proposed/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 ($$)
0.6672
0.6480

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 楼主| 发表于 28-11-2017 02:26 AM | 显示全部楼层
本帖最后由 icy97 于 28-11-2017 05:14 AM 编辑

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
IBRACO BERHAD ("IBRACO" OR "COMPANY")PROPOSED SALE OF A PROPOSED 8-STOREY STRATA TITLED CORPORATE OFFICE BY IBRACO TO HIAP GHEE SENG SDN. BHD. ("HGS"), A MAJOR   SHAREHOLDER OF IBRACO FOR A CASH CONSIDERATION OF RM25,500,000.00 ("PROPOSED SALE")
The amendment was made on the Description of the announcement on 23rd November 2017 whereby the consideration of the Proposed Sale should be read as RM25,500,000.00 instead of RM25,000,000.00.

Please refer to announcement details in the attachment.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5614177
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 楼主| 发表于 29-11-2017 01:00 AM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
IBRACO BERHAD ("IBRACO" OR "COMPANY")
Please refer to announcement details in the attachment.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5615293

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 楼主| 发表于 29-12-2017 02:26 AM | 显示全部楼层
IBRACO BERHAD

EX-date
18 Jan 2018
Entitlement date
22 Jan 2018
Entitlement time
05:00 PM
Entitlement subject
First Interim Dividend
Entitlement description
Declaration of a Single Tier First Interim Dividend
Period of interest payment
to
Financial Year End
31 Dec 2017
Share transfer book & register of members will be
22 Jan 2018   to   22 Jan 2018 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SECURITIES SERVICES (HOLDINGS) SDN. BHD.Level 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490Kuala LumpurTel:0320849000Fax:0320949940
Payment date
31 Jan 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
22 Jan 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
22 Jan 2018
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Currency
Currency
Malaysian Ringgit (MYR)
Entitlement in Currency
0.02

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 楼主| 发表于 3-3-2018 04:45 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF A JOINT VENTURE COMPANY
INCORPORATION OF A JOINT VENTURE COMPANY
INTRODUCTION
The Board of Directors of Ibraco Berhad wishes to announce that its associate company, IBRACO HELP Education Sdn Bhd (“IHE”) has on 27 February 2018 incorporate a joint venture company, HELP IBRACO CMS Sdn Bhd (“HICMS”) with an initial paid-up capital of RM100,000.00 represented by 100,000 ordinary shares.
HICMS is incorporated for the purpose of joint venture with CMS Education Sdn Bhd (“CMSE”) with shareholding structure as below:-
  • IHE     – 70%
  • CMSE – 30%
The intended principal activity of HICMS is to provide education at primary, secondary and pre-university levels alone or in conjunction with either local or foreign institutions.  

BACKGROUND INFORMATION ON IHE
IHE was incorporated on 4 October 2017 in Malaysia as a joint venture company between IBRACO BERHAD (“IB”) and HELP Education Services Sdn Bhd (“HELPES”), with the following shareholding structure:-
HELPES         – 51%
IB                    – 49%
The principal activity of IHE is to provide education at primary, secondary and pre-university levels alone or in conjunction with either local or foreign institutions.  

EFFECTS OF THE INCORPORATION OF HICMS
The incorporation of HICMS will not have any material effect on the share capital, shareholding structure, net assets and earnings of the Company.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors and/or major shareholders of the Company or persons connected to the directors and/or major shareholders of the Company have any interest, direct or indirect in the said incorporation.

STATEMENT BY DIRECTORS
The Directors of the Company, after having considered all aspects of the aforesaid incorporation, are of the opinion that the aforesaid incorporation are in the best interest of the Company.

This announcement is dated 27 February 2018.

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 楼主| 发表于 7-3-2018 01:43 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2017
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2017
31 Dec 2016
31 Dec 2017
31 Dec 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
57,040
26,648
126,599
158,770
2Profit/(loss) before tax
6,098
3,965
18,971
40,378
3Profit/(loss) for the period
4,153
2,968
14,932
29,025
4Profit/(loss) attributable to ordinary equity holders of the parent
4,480
3,266
14,038
27,074
5Basic earnings/(loss) per share (Subunit)
0.90
0.66
2.83
5.45
6Proposed/Declared dividend per share (Subunit)
2.00
3.50
2.00
3.50


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 ($$)
0.6563
0.6480

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 楼主| 发表于 11-3-2018 02:50 AM | 显示全部楼层
本帖最后由 icy97 于 13-3-2018 08:03 AM 编辑
icy97 发表于 3-3-2018 04:45 AM
The intended principal activity of HICMS is to provide education at primary, secondary and pre-university levels alone or in conjunction with either local or foreign institutions.  
BACKGROUND INFORM ...


IBRACO砂日光聯營古晉建校

2018年3月09日
(吉隆坡9日訊)IBRACO(IBRACO,5084,主要板房產)聯號公司Ibraco Help教育私人有限公司,昨日(8日)與砂日光(CMSB,2852,主要板工業)旗下獨資子公司砂日光教育私人有限公司進入聯營和股東協議。

IBRACO向馬證交所報備文告指出,根據有關協議,雙方除了將與IBRACO進入建設和租賃合約,也將與HELP教育服務私人有限公司進入管理協議。

先組聯營公司

根據協議內容,HELP教育服務私人有限公司將負責學前教育、小學、中學和大學預備班,及一棟4層樓高備有運動設施的教學大樓的設立、維護和營運。

另外,Ibraco Help教育私人有限公司需要組一家聯營公司,與IBRACO進入建設和租賃合約,由后者負責興建新教學大樓內的私人學校,同時雙方將進入租賃協議。

同時,上述新聯營公司將負責新教學大樓內私人學校的營運和管理工作。

Ibraco Help教育私人有限公司也已同意讓砂日光教育私人有限公司參與上述聯營公司,同時砂日光教育私人有限公司考慮在新校舍建竣后,將位于古晉kasuma的Tunku Putra學校遷至新校址。

Ibraco Help教育私人有限公司是在2017年10月4日成立,是IBRACO和HELP教育服務私人有限公司的聯營公司,各別持股49%和51%。

Ibraco Help教育私人有限公司主要是自己或與海內外其他機構提供小學、中學、大學預備班教育課程。【中国报财经】

Type
Announcement
Subject
OTHERS
Description
JOINT VENTURE BETWEEN IBRACO HELP EDUCATION SDN. BHD. ("IHE") AND CMS EDUCATION SDN. BHD. ("CMSE")
Please refer to the attachment for further details on the announcement.

This announcement is dated 9 March 2018.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5718933

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 楼主| 发表于 24-3-2018 03:47 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF NEW SUBSIDIARY
The Board of Directors of Ibraco Berhad (“IBRACO”) wishes to announce that IBRACO has on 21 March 2018 incorporate a subsidiary, NEWURBAN SDN BHD (“NSB”) with an initial paid-up capital of RM100.00 represented by 100 ordinary shares.

The intended principal activity of NSB is property development and construction.   

EFFECTS OF THE INCORPORATION OF NSB
The incorporation of NSB will not have any material effect on the share capital, shareholding structure, net assets and earnings of IBRACO.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors and/or major shareholders of IBRACO or persons connected to the directors and/or major shareholders of IBRACO have any interest, direct or indirect in the said incorporation.

STATEMENT BY DIRECTORS
The Directors of IBRACO, after having considered all aspects of the aforesaid incorporation, are of the opinion that the aforesaid incorporation are in the best interest of IBRACO.

This announcement is dated 21 March 2018.

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 楼主| 发表于 7-4-2018 05:37 AM | 显示全部楼层
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 楼主| 发表于 2-5-2018 04:44 AM | 显示全部楼层
IBRACO BERHAD

EX-date
13 Jul 2018
Entitlement date
17 Jul 2018
Entitlement time
04:00 PM
Entitlement subject
Final Dividend
Entitlement description
Proposed declaration of a Final Single Tier Dividend of 0.75 sen per ordinary share for the financial year ended 31 December 2017
Period of interest payment
06 Aug 2018   to   06 Aug 2018
Financial Year End
31 Dec 2017
Share transfer book & register of members will be
17 Jul 2018   to   17 Jul 2018 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SECURITIES SERVICES (HOLDINGS) SDN. BHD.Level 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490Kuala LumpurTel:0320849000Fax:0320949940
Payment date
06 Aug 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
17 Jul 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
17 Jul 2018
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Currency
Currency
Malaysian Ringgit (MYR)
Entitlement in Currency
0.0075

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 楼主| 发表于 28-5-2018 06:01 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2018
31 Mar 2017
31 Mar 2018
31 Mar 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
32,493
19,063
32,493
19,063
2Profit/(loss) before tax
3,237
3,454
3,237
3,454
3Profit/(loss) for the period
2,461
3,690
2,461
3,690
4Profit/(loss) attributable to ordinary equity holders of the parent
2,325
3,336
2,325
3,336
5Basic earnings/(loss) per share (Subunit)
0.47
0.67
0.47
0.67
6Proposed/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 ($$)
0.6457
0.6563

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 楼主| 发表于 25-8-2018 05:18 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2018
30 Jun 2017
30 Jun 2018
30 Jun 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
49,344
22,338
81,837
41,401
2Profit/(loss) before tax
8,089
4,375
11,326
7,829
3Profit/(loss) for the period
5,741
3,333
8,202
7,023
4Profit/(loss) attributable to ordinary equity holders of the parent
5,087
3,016
7,412
6,352
5Basic earnings/(loss) per share (Subunit)
1.02
0.61
1.49
1.28
6Proposed/Declared dividend per share (Subunit)
0.75
0.00
0.75
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 ($$)
0.6560
0.6563

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 楼主| 发表于 5-12-2018 02:12 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2018
30 Sep 2017
30 Sep 2018
30 Sep 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
73,475
28,158
155,312
69,559
2Profit/(loss) before tax
12,175
5,044
23,501
12,873
3Profit/(loss) for the period
8,951
3,756
17,153
10,779
4Profit/(loss) attributable to ordinary equity holders of the parent
8,622
3,206
16,034
9,558
5Basic earnings/(loss) per share (Subunit)
1.74
0.65
3.23
1.93
6Proposed/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 ($$)
0.6658
0.6563

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 楼主| 发表于 26-2-2019 01:48 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2018
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Dec 2018
31 Dec 2017
31 Dec 2018
31 Dec 2017
$$'000
$$'000
$$'000
$$'000
1Revenue
83,948
57,040
239,260
126,599
2Profit/(loss) before tax
18,313
6,098
41,814
18,971
3Profit/(loss) for the period
13,212
4,153
30,365
14,932
4Profit/(loss) attributable to ordinary equity holders of the parent
14,104
4,480
30,138
14,038
5Basic earnings/(loss) per share (Subunit)
2.84
0.90
6.07
2.83
6Proposed/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 ($$)
0.6950
0.6563

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 楼主| 发表于 10-4-2019 07:17 AM | 显示全部楼层
IBRACO BERHAD

EX-date
24 Apr 2019
Entitlement date
26 Apr 2019
Entitlement time
04:00 PM
Entitlement subject
Interim Dividend
Entitlement description
Declaration of an interim single tier dividend of 1.50 sen per ordinary share for the financial year ended 31 December 2018
Period of interest payment
to
Financial Year End
31 Dec 2018
Share transfer book & register of members will be
26 Apr 2019   to   26 Apr 2019 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
SECURITIES SERVICES (HOLDINGS) SDN. BHD.LEVEL 7, MENARA MILENIUM,JALAN DAMANLELA,OUSA BANDAR DAMANSARA,DAMANSARA HEIGHTS,50490 KUALA LUMPUR.TEL :03-20849000
Payment date
10 May 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
26 Apr 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Currency
Currency
Malaysian Ringgit (MYR)
Entitlement in Currency
0.015

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 楼主| 发表于 21-4-2019 07:18 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF JOINT VENTURE COMPANY
INTRODUCTION
The Board of Directors of Ibraco Berhad (“IB”) wishes to announce that it has on 11 April 2019 incorporated a joint venture company, NorthBank Specialist Hospital Sdn. Bhd. (“NSH”) with an initial paid-up capital of RM2.00 represented by 2 ordinary shares.
NSH is incorporated for the purpose of joint venture with BNDM Incorporated Holdings Sdn. Bhd. (“BNDM”) with shareholding structure as below:-
  • IB          – 50%
  • BNDM  – 50%
The intended principal activity of NSH is to operate a private hospital to provide health care services.

EFFECTS OF THE INCORPORATION OF NSH
The incorporation of NSH will not have any material effect on the share capital, shareholding structure, net assets and earnings of the Company.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors and/or major shareholders of the Company or persons connected to the directors and/or major shareholders of the Company have any interest, direct or indirect in the said incorporation.

STATEMENT BY DIRECTORS
The Directors of the Company, after having considered all aspects of the aforesaid incorporation, are of the opinion that the aforesaid incorporation are in the best interest of the Company.

This announcement is dated 12 April 2019.



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 楼主| 发表于 22-6-2019 07:28 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF JOINT VENTURE COMPANY
INCORPORATION OF A JOINT VENTURE COMPANY
INTRODUCTION
The Board of Directors of Ibraco Berhad (“the Company”) wishes to announce that its wholly owned subsidiary, Ibraco Construction Sdn. Bhd. (“ICSB”) has on 15 May, 2019 incorporated a joint venture company, Ibraco Construction Polybuilding Construction JV Sdn. Bhd. (“ICPC”) with an initial paid-up capital of RM1,350,000.00 represented by 1,350,000 ordinary shares.
ICPC is incorporated for the purpose of joint venture with Polybuilding Construction Co. (“PBCC”) with shareholding structure as below:-
  • ICSB     – 70%
  • PBCC  (sole proprietor) – 30%
The intended principal activity of ICPC is construction of utility projects.  

EFFECTS OF THE INCORPORATION OF ICPC
The incorporation of ICPC will not have any material effect on the share capital, shareholding structure, net assets and earnings of the Company.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors and/or major shareholders of the Company or persons connected to the directors and/or major shareholders of the Company have any interest, direct or indirect in the said incorporation.

STATEMENT BY DIRECTORS
The Directors of the Company, after having considered all aspects of the aforesaid incorporation, are of the opinion that the aforesaid incorporation are in the best interest of the Company.

This announcement is dated 15 May 2019.



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 楼主| 发表于 28-6-2019 03:02 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2019
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2019
31 Mar 2018
31 Mar 2019
31 Mar 2018
$$'000
$$'000
$$'000
$$'000
1Revenue
59,398
32,493
59,398
32,493
2Profit/(loss) before tax
5,532
3,237
5,532
3,237
3Profit/(loss) for the period
3,664
2,461
3,664
2,461
4Profit/(loss) attributable to ordinary equity holders of the parent
3,294
2,325
3,294
2,325
5Basic earnings/(loss) per share (Subunit)
0.66
0.47
0.66
0.47
6Proposed/Declared dividend per share (Subunit)
1.50
0.00
1.50
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 ($$)
0.7017
0.6950

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 楼主| 发表于 5-7-2019 08:57 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
AWARD OF CONTRACT
The Board of Directors of Ibraco Berhad (“Ibraco” or “the Company”) is pleased to announce that its subsidiary company, Ibraco Construction Polybuilding Construction JV Sdn Bhd, had on 29 May 2019, received and accepted the Letter of Acceptance from the Jabatan Bekalan Air Luar Bandar Sarawak, Kuching Sarawak for the Design, Construction, Completion, Testing and Commissioning of Proposed Package NR4 (Northern Region) for Sarawak Water Supply Grid Programme – Stressed Areas (“Project’).

The contract amount for the said Project is RM44,888,000.00 (Ringgit Malaysia Forty Four Million Eight Hundred and Eighty Eight Thousand only). The contact period is 22 months commencing from 12.6.2019 and scheduled to complete on 11.4.2021.

The risks associated with the Project are normal operational risks which shall be mitigated through internal controls and good governance in operating procedures.

The Project, which will be funded via internally generated funds and external borrowing, is expected to contribute positively to the earnings and net assets of Ibraco for the duration of the Project and will not have any effect on the share capital and substantial shareholders’ shareholdings of Ibraco’s Group.

The Project is in the ordinary course of business and is not subject to the approval of the shareholders of the Company.  

None of the directors and/or major shareholders of Ibraco or persons connected to them have any interest, direct or indirect, in the above Project.

This announcement is dated 30 May 2019



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