【WARISAN 5016 交流专区】华利山陈唱

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	114,222	105,703	446,360	445,943
2	Profit/(loss) before tax	-296	3,050	-945	3,938
3	Profit/(loss) for the period	-1,304	1,329	-5,783	795
4	Profit/(loss) attributable to ordinary equity holders of the parent	-887	1,548	-5,179	1,185
5	Basic earnings/(loss) per share (Subunit)	-1.36	2.38	-7.95	1.82
6	Proposed/Declared dividend per share (Subunit)	2.00	4.50	4.00	7.00
		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 ($$)	4.9100		5.0600

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WARISAN TC HOLDINGS BERHAD

EX-date	31 May 2017
Entitlement date	02 Jun 2017
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 2.0 sen
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	23 Jun 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	02 Jun 2017
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	0.02
Par Value	Malaysian Ringgit (MYR) 0.000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	112,550	104,990	112,550	104,900
2	Profit/(loss) before tax	342	-809	342	-809
3	Profit/(loss) for the period	275	-1,226	275	-1,226
4	Profit/(loss) attributable to ordinary equity holders of the parent	332	-1,151	332	-1,151
5	Basic earnings/(loss) per share (Subunit)	0.51	-1.77	0.51	-1.77
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 ($$)	4.9200		4.9100

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Date of change	29 May 2017
Name	MR MICHAEL WONG CHUNG HAU
Age	51
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue other career opportunities
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	1. Graduated from the University of Melbourne, Australia with a Bachelor of Commerce (Honours)2. Member of the Malaysian Institute of Accountants3. Member of CPA Australia4. Member of ICAEW Corporate Finance Faculty
Working experience and occupation	Mr Michael Wong joined Warisan TC Holdings Berhad ("WTCH") Group as Senior General Manager (Corporate Planning) in February 2014 and was sebsequently appointed as Chief Financial Officer of WTCH on 15 May 2015. He has 28 years of working experience in accounting, corporate finance, auditing, taxation and corporate advisory. Immediately prior to joining WTCH Group, he was a Senior General Manager (Corporate Planning) at Tan Chong Motor Holdings Berhad Group. Prior to that, he had also served as Director of Corporate Finance at Deloitte Corporate Advisory Services Sdn Bhd.

icy97

瓦里山陈唱联营旅游电子商务

2017年7月6日
（吉隆坡5日讯）瓦里山陈唱控股（WARISAN，5016，主板贸服股）缔结联营，通过电子平台提供多元旅游产品与服务。

该公司今日向交易所报备，独资子公司五月花旅游私人有限公司，与Agile Quick Services私人有限公司（AQS）签署联营协议。

除了提供多元旅游产品与服务，联营公司还负责管理五月花旅游的线上业务。

“这项建议与五月花旅游的生意策略一致，就是通过电子商务平台向客户提供旅游产品与服务。”

双方将成立五月花线上私人有限公司（Mayflower Online），五月花旅游将持有80%股权。

瓦里山陈唱控股预计，该联营将推动旅游业务未来的盈利和增长。【e南洋】

Type	Announcement
Subject	OTHERS
Description	JOINT VENTURE BETWEEN MAYFLOWER HOLIDAYS SDN BHD AND AGILE QUICK SERVICES SDN BHD
The Board of Directors of Warisan TC Holdings Berhad (“Warisan”) wishes to announce that on 5 July 2017, Mayflower Holidays Sdn Bhd (“MH”), a wholly-owned subsidiary of Warisan entered into a Joint Venture Agreement Relating To Mayflower Online Sdn Bhd with Agile Quick Services Sdn Bhd to undertake and pursue the business of providing multiple travel products and services via electronic platform including the managing of online business of sales of travel products and services for MH. Please refer to the attached file for the full text of the annoucement. This announcement is dated 5 July 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5478445

Attachments JV-MH_Agile Quick Services.pdf

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Date of change	17 Jul 2017
Name	MR KONG HON KHIEN
Age	49
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Mr Kong Hon Khien graduated from Kolej Tunku Abdul Rahman with a Diploma in Commerce (Management Accounting). He is a Chartered Accountant and an Associate Member  of The Chartered Institute of Management Accountants. He is also a Member of the Malaysian Institute of Accountants.
Working experience and occupation	Mr Kong has more than 25 years experience in various industries which includes shipping, manufacturing, transportation, information technology and trading. Mr Kong was the Chief Financial Officer of Konsortium Transnasional Berhad and Holista Colltech Limited (Listed on Australian Stock Exchange).

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華麗山陳唱斥千萬 投資網上旅遊平台

2017年8月08日
（吉隆坡8日訊）華麗山陳唱（WARISAN，5016，主要板貿服）放眼聯營公司Mayflower Online私人有限公司，在2020年貢獻旗下Mayflower Holidays約50%營業額。

華麗山陳唱向大馬交易所報備，獨資子公司Mayflower Holidays，已與Agile Quick服務私人有限公司簽署聯營協議，通過電子商務平台為客戶提供旅遊產品和服務。

Mayflower Holidays控股和Agile Quick服務，分別持有Mayflower Online80%和20%股權。

文告指出，Mayflower Online為現有業務管道注入科技轉型，為電子商務平台提供多樣化的旅遊產品和服務。這包括為Mayflower Holidays私人有限公司，開發與管理網絡旅遊產品與服務業務。

Mayflower Holidays執行總裁陳天海說，全球越來越多消費者使用網絡或電子商務平台，來達到他們的旅遊需求。

因此他指出，公司計劃在未來5年投資高達1000萬令吉，預計Mayflower Online將在3年后，貢獻Mayflower Holidays約50%的營業額。

“越來越多大馬消費者都信賴網絡旅遊搜查、訂購機票和住宿，以及安排和策劃旅程。我們準備Mayflower Online打造為本區域最大和最全面的本土網上旅遊平台。”【中国报财经】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	134,274	121,635	246,824	226,625
2	Profit/(loss) before tax	1,224	216	1,566	-593
3	Profit/(loss) for the period	735	-2,222	1,010	-3,448
4	Profit/(loss) attributable to ordinary equity holders of the parent	839	-2,179	1,171	-3,330
5	Basic earnings/(loss) per share (Subunit)	1.29	-3.35	1.80	-5.11
6	Proposed/Declared dividend per share (Subunit)	1.00	2.00	1.00	2.00
		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 ($$)	4.9000		4.9100

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EX-date	06 Sep 2017
Entitlement date	08 Sep 2017
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Single Tier Dividend of 1.0 sen
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower AVertical Business Suite, Avenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	29 Sep 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Sep 2017
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	0.01

icy97

机械二手车贡献增加．华丽山陈唱第三季转盈

（吉隆坡27日讯）机械部门和二手车买卖的贡献增加，带动华丽山陈唱（WARISAN，5016，主板贸服组）截至9月30日止第三季转亏为盈，共取得293万5000令吉净利，前期为亏损96万2000令吉。

首9月也获利410万6000令吉，去年同期亏损429万2000令吉。

第三季营业额增长15.51%至1亿2187万8000令吉，首9月净利扬升11.01%至3亿6870万2000令吉。

文章来源：
星洲日报‧财经‧2017.11.28

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

1	Revenue	121,878	105,513	368,702	332,138
2	Profit/(loss) before tax	3,447	-56	5,013	-649
3	Profit/(loss) for the period	2,885	-1,031	3,895	-4,479
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,935	-962	4,106	-4,292
5	Basic earnings/(loss) per share (Subunit)	4.51	-1.48	6.31	-6.59
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	1.00	2.00
		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 ($$)	4.9300		4.9100

icy97

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

1	Revenue	122,082	113,978	490,784	446,116
2	Profit/(loss) before tax	3,609	-214	8,622	-863
3	Profit/(loss) for the period	673	-1,162	4,568	-5,641
4	Profit/(loss) attributable to ordinary equity holders of the parent	823	-745	4,929	-5,037
5	Basic earnings/(loss) per share (Subunit)	1.26	-1.14	7.57	-7.74
6	Proposed/Declared dividend per share (Subunit)	3.00	2.00	4.00	4.00
		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 ($$)	5.0700		4.9100

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Type	Announcement
Subject	OTHERS
Description	WARISAN TC HOLDINGS BERHAD VALUATION OF NON-CURRENT ASSETS
Pursuant to Paragraph 9.19(46) and Part H of Appendix 9A of the Main Market Listing Requirements, the Board of Directors of Warisan TC Holdings Berhad (“WTCH” or "the Company") wishes to announce that the Company has carried out a revaluation exercise on the Group’s property, plant and equipment and investment property which consist of buildings, leasehold land and freehold land situated in Malaysia and Vietnam (“Properties”). The Board of WTCH had on 22nd February 2018 approved the incorporation of the revaluation surplus, net of deferred tax, of RM9.738 million, the fair value loss on investment property of RM0.4 million and impairment loss of RM0.053 million in the consolidated financial statements of WTCH for the financial year ended 31st December 2017. Please refer to the attached file for the full text of the announcement. This announcement is dated 22 February 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5698913

Attachments WTCH-Valuation of Non-Current Assets.pdf

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NEW SUBSIDIARY - MAT TRANSPORTATION SOLUTION (MYANMAR) COMPANY LIMITED
The Board of Directors of Warisan TC Holdings Berhad (“WTCH”) is pleased to announce that the Directorate of Investment and Company Administration Department, Ministry of Planning and Finance of Republic of the Union of Myanmar (“Myanmar”) has issued a temporary Certificate of Incorporation dated 5 April 2018 for the incorporation of a wholly-owned subsidiary with the name of “MAT Transportation Solution (Myanmar) Company Limited” (“MAT Myanmar”) in Myanmar under the Myanmar Companies Act, 1914 by MAT (Labuan) Pte Ltd, a wholly owned subsidiary of the Company. The issuance of the permanent Certificate of Incorporation is pending.    MAT Myanmar’s intended principal activities are to carry on the business of rental and leasing of cars and coaches, as well as all related transportation businesses in Myanmar. MAT Myanmar’s will have an authorised capital of USD1,000,000/- divided into 1,000,000 ordinary shares of USD1/- each and paid up capital of USD50,000. The shareholders of MAT Myanmar are as follows: Name of Shareholders Shareholding MAT (Labuan) Pte Ltd 100% less 1 share A nominee of MAT (Labuan) Pte Ltd 1 Share (Under the Myanmar Companies Act, 1914, a company is required to have at least two shareholders) The above incorporation has no material effect on the earnings, gearing and net assets of the WTCH Group for the financial year ending 31 December 2018. This announcement is dated 9 April 2018.

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WARISAN TC HOLDINGS BERHAD

EX-date	30 May 2018
Entitlement date	01 Jun 2018
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 3 sen
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	22 Jun 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	01 Jun 2018
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	0.03

icy97

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

1	Revenue	121,070	112,550	121,070	112,550
2	Profit/(loss) before tax	2,389	342	2,389	342
3	Profit/(loss) for the period	1,898	275	1,898	275
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,038	332	2,038	332
5	Basic earnings/(loss) per share (Subunit)	3.13	0.51	3.13	0.51
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 ($$)	5.0900		5.0700

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Type	Announcement
Subject	OTHERS
Description	JOINT VENTURE AND OPERATING AGREEMENT BETWEEN MAT (LABUAN) PTE LTD AND TCMSC (LABUAN) PTE LTD
The Board of Directors of Warisan TC Holdings Berhad (“the Company” or “Warisan”) wishes to announce that MAT (Labuan) Pte Ltd (“MAT Labuan”), a wholly-owned subsidiary of Warisan has on 26 July 2018 entered into a Joint Venture and Operating Agreement (“JV Agreement”) with TCMSC (Labuan) Pte Ltd (“TCMSC Labuan”), a wholly-owned subsidiary of TC Management Services Corporation Sdn Bhd which in turn is a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad (“TCMH”), to regulate the relationship of the parties in a joint venture company to be incorporated in New York with the name “Tan Chong Warisan Resources Management Inc.” or any other name agreed in writing by the parties and approved by New York State Department of State (“JV Co”) with regard to the management, operations and affairs of the JV Co and also to regulate the rights and obligations of the parties as members of the JV Co (“Joint Venture”). Please refer to the attached file for the full text of the annoucement. This announcement is dated 26 July 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5866081

Attachments JV-MAT Labuan_TCMSC Labuan.pdf

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次季净利增长逾一倍 华丽山陈唱派息1仙
Billy Toh/theedgemarkets.com
August 16, 2018 20:52 pm +08

（吉隆坡16日讯）华丽山陈唱控股（Warisan TC Holdings Bhd）第二季净利增长超过一倍，主要由于机械业务的收入增加，以及汽车业务的整体盈利赚幅提高。

该集团公布，截至6月杪次季净利为177万令吉，或每股2.72仙，相较于上财年同期的83万9000令吉，或每股1.29仙。

季度营业额则从1亿3430万令吉，跌16.5%至1亿1210万令吉。

华丽山陈唱向大马交易所报备，董事部宣布派发每股1仙的中期单层股息，并将于9月28日支付。

截至6月30日止2018财政年首半年，该集团的净利由117万令吉，或每股1.8仙，增长一倍多至381万令吉，或每股5.85仙。

然而，营业额跌5.5%至2亿3320万令吉，同期报2亿4680万令吉。

该集团指出，营业额下降主要是由于旅游和汽车租赁业务及二手车贸易业务的贡献减少。

展望未来，华丽山陈唱预计，国内正在进行的基础设施相关项目将为机械业务提供动力。不过，由于经济前景不确定，客户的谨慎支出习惯将不利于旅游和汽车租赁业务。

但是，该集团表示，柬埔寨、泰国和缅甸的海外业务料在未来创造额外收入。

至于汽车业务，将继续受到国内汽车需求疲软、严格贷款审批和利率上升的影响。

“鉴定新产品和新市场将是该业务未来前景的关键要素。”

（编译：陈慧珊）

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

1	Revenue	112,080	134,274	233,150	246,824
2	Profit/(loss) before tax	1,380	1,224	3,769	1,566
3	Profit/(loss) for the period	1,508	735	3,406	1,010
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,772	839	3,810	1,171
5	Basic earnings/(loss) per share (Subunit)	2.72	1.29	5.85	1.80
6	Proposed/Declared dividend per share (Subunit)	1.00	1.00	1.00	1.00
		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 ($$)	5.1000		5.0700

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EX-date	05 Sep 2018
Entitlement date	07 Sep 2018
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Single Tier Dividend of 1.0 sen
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	28 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Sep 2018
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	0.01

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	SUBSCRIPTION AND SHAREHOLDERS' AGREEMENT BETWEEN WARISAN TC HOLDINGS BERHAD, TAN CHONG MOTOR HOLDINGS BERHAD AND COMIT COMMUNICATION TECHNOLOGIES (M) SDN BHD
The Board of Directors of Warisan TC Holdings Berhad (“Warisan” or “the Company”) wishes to announce that Warisan has on 24 September 2018 entered into a Subscription and Shareholders’ Agreement (“Agreement”) with Tan Chong Motor Holdings Berhad (“TCMH”) and Comit Communication Technologies (M) Sdn Bhd (“CCT”), a wholly-owned subsidiary of Warisan, to regulate the relationship of the parties as shareholders through equity participation by TCMH in CCT (“Joint Venture”). Please refer to the attached file for the full text of the annoucement. This announcement is dated 24 September 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5921337

Attachments JV-CCT_TCMH.pdf

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-25092018-00002
Subject	Subscription and shareholders' agreement between Warisan TC Holdings Berhad ("Warisan"), Tan Chong Motor Holdings Berhad and Comit Communication Technologies (M) Sdn Bhd ("CCT") ("Subscription")
Description	Warisan TC Holdings Berhad ("Warisan" or "the Company")Subscription and shareholders' agreement between Warisan TC Holdings Berhad ("Warisan"), Tan Chong Motor Holdings Berhad and Comit Communication Technologies (M) Sdn Bhd ("CCT") ("Subscription")
Query Letter Contents	We refer to your Company’s announcement dated 24 September 2018 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.         The net profits and net assets of CCT based on its latest audited financial statements. 2.         The intended application of the total cash consideration of RM13,244,190 by CCT and the breakdown, including the timeframe                for full utilisation of the consideration. 3.         The expected gains or losses to the  Warisan group arising from the Subscription. 4.         Salient features of the valuations on the Property including dates, methods of valuation and quantification of the market values.
We refer to the Company's announcement made on 24 September 2018 and Bursa Malaysia Securities Berhad's query letter dated 26 September 2018 requesting the furnishing of additional information related to the above matter: 1. The net profits and net assets of CCT based on its latest audited financial statements. Based on CCT’s latest audited financial statements for the year ended 31 December 2017, it registered a Net Loss of RM70,705 and had Net Assets of RM45,760,751 at the end of the financial year; 2. The intended application of the total cash consideration of RM13,244,190 by CCT and the breakdown, including the timeframe for full utilisation of the consideration. CCT owns a piece of leasehold industrial land with provisional land area of 94,596 square feet at a prime location in Seksyen 13, Petaling Jaya. A 2½-storey office building with an annexed single-storey warehouse and anclillary buildings were erected on this piece of land. CCT has plans to unlock the value of this investment property. CCT is exploring various options, including the potential for its redevelopment. Therefore, the consideration from this subscription will be utilised to, among others, conduct various feasibility studies and/or planning with professional consultants and other relevant parties. Warisan has not fixed any timeframe for the full utilisation of the consideration as this is dependent on the final plan for the said property. Property market condition and global economic situation will need to be considered to maximise its returns; 3. The expected gains or losses to the  Warisan group arising from the Subscription. This Subscription is not expected to generate any material gains or losses to the Warisan Group; and 4. Salient features of the valuations on the Property including dates, methods of valuation and quantification of the market values. An independent valuer, Rahim & Co International Sdn Bhd ("Rahim & Co"), was appointed to conduct and provide an independent professional value of the said Property on behalf of Warisan. Based on its report dated 13th September 2017, Rahim & Co has adopted the Comparison Approach which entailed critical analyses of recent evidence of values of comparable properties in the neigbourhood and adjusting for differences which took into consideration the location, size, building differences, improvements and amenities, time element and any other relevant factors. This announcement is dated 27 September 2018.