【KTC 0180 交流专区】金德昌

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Date of change	08 Mar 2018
Name	MISS CHRISTINA YAP CHUI FUI
Age	40
Gender	Female
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	2003 - Association Of Chartered Certified Accountants (ACCA)2004 -  Malaysian Institute of Accountants (MIA), Chartered Accountant Malaysia
Working experience and occupation	She started her career in 2001 as an Audit Assistant in Lau Chua Kong & Co. In the same year, she joined KPMG as an Audit Senior. Subsequently, she joined Empor Holdings Sdn Bhd in 2004 as a Financial Controller and was then transferred to its related company, Empor Management Services Sdn Bhd in 2009 to act as its director. In 2011, she joined Kim Teck Cheong Sdn Bhd as Group Manager, Finance/ Investment and is responsible for overseeing and monitoring the financial accounting and taxation matters, and corporate activities which includes, amongst others, the planning and coordinating of the financial reporting activities.

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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	122,065	108,310	322,423	311,722
2	Profit/(loss) before tax	-9,646	418	-9,442	1,970
3	Profit/(loss) for the period	-11,390	690	-11,181	1,893
4	Profit/(loss) attributable to ordinary equity holders of the parent	-11,818	716	-11,615	1,875
5	Basic earnings/(loss) per share (Subunit)	-2.32	0.14	-2.28	0.37
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 ($$)	0.1700		0.1800

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Date of change	07 Aug 2018
Name	MISS LINDFAY LAURA LAU
Age	36
Gender	Female
Nationality	Malaysia
Designation	Alternate Director
Directorate	Non Independent and Non Executive
Type of change	Appointment
Qualifications	2017 - Master in Ophthalmology from University of Malaya   2006 - Bachelor in Medicine, Surgery and Arts of Obstetrics, MB BCh BAO from University College Dublin (Ireland)2004 - Awarded Honors in Bachelor in Medical Science from University College Dublin (Ireland)                  Others: BLS, ACLS 2006
Working experience and occupation	Dec 2016 - Current : Queen Elizabeth Hospital, Kota Kinabalu, Sabah, Malaysia (Ophthalmology)Sept 2016 - Nov 2016 : Shah Alam Hospital, Kuala Lumpur, Malaysia (Ophthalmology)Sept 2015 - Sept 2016 : Queen Elizabeth Hospital, Kota Kinabalu, Sabah, Malaysia (Ophthalmology)Dec 2014 - Aug 2015 : University Malaya Medical Centre, Kuala Lumpur, Malaysia (Ophthalmology)Nov 2010 - Nov 2014 : Queen Elizabeth Hospital, Kota Kinabalu, Sabah, Malaysia (Ophthalmology)April 2009 - Nov 2010 : Klinik Kesihatan Penampang, Kota Kinabalu, Sabah, Malaysia (General Practice)Oct 2008 - Mar 2009 : Sabah Women and Children hospital Kota Kinabalu, Sabah, Malaysia (Obstetric and Gynaecology )July 2006 - June 2007 : Waterford Regional Hospital, Ireland (Medical and Surgical Internship)
Directorships in public companies and listed issuers (if any)	NONE
Family relationship with any director and/or major shareholder of the listed issuer	Her father, Datuk Lau Koh Sing @ Lau Kok Sing, and her mother Datin Lim Fook Len @ Lim Su Chin and her brother, Mr. Lau Wei Dick @ Dexter Dick Lau are members of the Board.
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	NONE

Remarks :

Appointment as Alternate Director to Datin Lim Fook Len @ Lim Su Chin.

icy97

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	136,391	116,760	459,221	428,565
2	Profit/(loss) before tax	5,395	803	-5,294	2,989
3	Profit/(loss) for the period	4,388	-563	-6,792	1,584
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,261	-785	-7,981	1,034
5	Basic earnings/(loss) per share (Subunit)	0.71	-0.15	-1.56	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 ($$)	0.1700		0.1800

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-13092018-00001
Subject	CHANGE IN BOARDROOM - RESIGNATION OF MR WEE HOCK KEE
Description	KIM TECK CHEONG CONSOLIDATED BERHAD (KTC OR COMPANY)CHANGE IN BOARDROOM - RESIGNATION OF MR WEE HOCK KEE
Query Letter Contents	We refer to your Company’s announcement dated 12 September 2018, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1.        Rationale for the Board’s rejection of the advice of the Audit and Risk Management Committee on significant accounting matter. 2.        Details of the impairment as reported by the Company’s external auditors in their Audit Review Memorandum and its impact to Kim Teck Cheong Consolidated Berhad's quarterly results for financial quarter ended 30 June 2018 had the impairment been taken into consideration.
The Board of Directors of KTC (“Board”) refers to the announcements dated 12 September 2018 (“Announcements”) and the letter from Bursa Malaysia Securities Berhad (“Bursa Securities”) dated 13 September 2018 on the above matter. Pursuant thereto, the Board hereby provide the additional information for public release: 1.            The majority of the Board of Directors had agreed not to impair the trade receivables as the Management is confident that trade receivables are recoverable. Management had taken rigorous collection action and has-to-date successfully collected approximately 20% of the long outstanding debts as highlighted by external auditors. In addition, the Management has also taken further actions in securing the remaining balances (e.g. obtaining personal guarantee from owners of the customers, initiating legal action against the customers and more rigorous visit to the customers). 2.            Total third parties receivables for more than 270 days in the Audit Review Memorandum is RM 4,926,961. The Management had subsequently recovered RM 1,047,550. The remaining balance is recoverable through personal guarantee from owners/ customers and initiating legal actions against the customers. Thus, there is no impairment raised on the unaudited 4Q2018 results announced on 30th August 2018. The Board of Directors and Management are confident that these trade receivables are recoverable. Hence, the Board of Directors is of the view that the Company’s 4Q2018 results will not be impacted. This announcement is dated 19 September 2018.

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Type	Announcement
Subject	OTHERS
Description	CLARIFICATION TO THE AMENDED ANNOUNCEMENTS RELATING TO THE  THIRD AND FOURTH QUARTERS RESULTS ENDED 31 MARCH 2018 AND 30 JUNE 2018.
Reference is made to the amended announcements made by the Company relating to the Third Quater and Fourth Quarter results ended 31 March 2018 and 30 June 2018 published on 22 October 2018. For avoidance of doubt, the Company wishes to clarify the above by presenting the reconciliations for the public's consumption. This announcement is dated 24 October 2018

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5952753

Attachments KTC RECONCILIATION FOR AMENDED ANNOUCEMENT-r.pdf

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Type	Announcement
Subject	OTHERS
Description	FURTHER CLARIFICATIONS ON THE AMENDED ANNOUNCEMENTS ON THIRD AND FOURTH QUARTERS 2018 UNAUDITED RESULTS
Further to the Company’s announcement dated 24 October 2018, the Board of Directors wishes to provide the following clarification / information : (1) The due process involved (including the preparation and controls put in place) to ensure the accuracy of KTC’s Unaudited Financial Statements prior to the announcement The Management has been facing shortage of staff for the past 6 months.  With the new recruitments, the Finance Department has continue with the different levels of preparation and validation of accounts as per the Standard Operating Procedures which was put in place for the Finance Department. Taking recognition of this weaknesses in the controls in adherence to the Standard Operating Procedures, the Finance Team is now more stringent and vigilant in the preparation of the financial reporting. The Board had at its Board Meeting held on 24 October 2018 resolved to seek proposals from Audit Firms to perform limited review on the quarterly announcements before tabling them to the Audit and Risk Management Committee, until the Board is satisfied with the competency of the Finance Team. (2) Reason(s) for the tax adjustment amounting to RM4.4 mil made in KTC’s Unaudited Condensed Consolidated Statement of Comprehensive Income for Cumulative Quarter 9 months period ended 30 June 2018. The tax adjustment amounting to RM4.4 mil made in KTC’s Unaudited Condensed Consolidated Statement of Comprehensive Income for Cumulative Quarter 9 months period ended 31 March 2018 was due to formula error in the Consolidation Worksheet in which the formula was set to compute tax as if it was a profit and hence resulting to the effects as Original Revised Announcement Announcement Variance RM'000 RM'000 RM'000 Loss before taxation                ( 9,646)                ( 9,646 ) Effective tax rate                27.46%                  Note 1 Income tax (expenses)/income                    2,649                  (1,744)         (4,393) Net loss for the period                 (6,997)                (11,390)         (4,393) Note 1: Computed based on individual company basis. In consequence to the adjustments to the Interim Financial Report for the Third Quarter Ended 31 March 2018, the relevant reconciliations thereof and the revised Unaudited Condensed Consolidated Statement of Cash Flow for the Fourth Quarter ended 30 June 2018  are attached herewith for easy reference. This announcement is dated 26 October 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5956193

Attachments KTC - Amended Statement of Cash Flows.pdf Reconciliation Worksheets.pdf

icy97

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

1	Revenue	153,790	106,555	153,790	106,555
2	Profit/(loss) before tax	3,666	360	3,666	360
3	Profit/(loss) for the period	2,301	184	2,301	184
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,105	122	2,105	122
5	Basic earnings/(loss) per share (Subunit)	0.41	0.02	0.41	0.02
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 ($$)	0.1600		0.1600

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Type	Announcement
Subject	OTHERS
Description	ADDITIONAL INVESTMENT OF SHARES IN KIM TECK CHEONG (SARAWAK) SDN. BHD.
The Board of Directors of Kim Teck Cheong Consolidated Berhad ("KTC" or “Company”) wishes to announce that KTC had on 14 February 2019 completed the acquisition of 10,000 ordinary shares in Kim Teck Cheong (Sarawak) Sdn Bhd ("KTC Sarawak”) for a total consideration of RM675,000.00 (“Acquisition”). Upon completion of the Acquisition, KTC Sarawak will be a wholly-owed subsidiary of KTC. Information on KTC Sarawak KTC Sarawak was incorporated on 8 August 2001 with a paid-up share capital of RM50,000 and currently is in the business of distribution of consumer packaged goods, mainly focused on distribution of consumer packaged goods in Sarawak and surrounding areas. The Directors of KTC Sarawak are as follows: Name Nationality Y.Bhg. Datuk Lau Koh Sing @ Lau Kok Sing Malaysian Y.Bhg. Datin Lim Fook Len @ Lim Su Chin Malaysian Lau Wei Dick @ Dexter Dick Lau Malaysian Lim Hui Kiong Malaysian The shareholders of KTC Sarawak and their respective shareholdings in KTC Sarawak before and after the acquisition are as follows: Shareholder Number of shares (before) Shareholding % (before) Number of shares (after) Shareholding % (after) Yong Ing Kai 10,000 20% - - Kim Teck Cheong Consolidated Berhad 40,000 80% 50,000 100% Financial Effects The Acquisition will not have any material effect on the share capital and substantial shareholders’ shareholdings of KTC, and is not expected to have any material effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 June 2019. Interests of Directors, Substantial Shareholders and Persons Connected to Them None of the directors, substantial shareholders of the Company and persons connected to them have any interest, direct and/or indirect, in the said Acquisition. This announcement is dated 15 February 2019.

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Type	Announcement
Subject	OTHERS
Description	KIM TECK CHEONG CONSOLIDATED BERHAD ("KTCCO" OR THE "COMPANY")VALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL STATEMENTS OF KTCCO
VALUATION OF NON-CURRENT ASSETS INCORPORATED INTO FINANCIAL STATEMENTS OF KTCCO (Unless otherwise defined, the definitions set out in the announcement dated 20 February 2019 shall apply) 1. INTRODUCTION Reference is made to the announcement dated 20 February 2019. The Board wishes to announce that the renovation cost for one of the Group’s properties which was classified in the audited financial statements for the financial year ended 30 June 2018 as renovation (an item in the property, plant and equipment) amounting to RM7.98 million has been reclassified as leasehold buildings, being a property identified as Lot No. 5, Jalan 1F K.K.I.P, Kota Kinabalu Industrial Park (KKIP), Industrial Zone 4 (IZ4), 88460 Kota Kinabalu, Sabah in the consolidated financial statements of KTCCO for FPE 31 December 2018. Pursuant to the reclassification, the total revaluation surplus of the Group has been revised to RM18.71 million, a reduction of revaluation surplus by RM5.95 million as compared to the revaluation surplus of approximately RM24.66 million as announced on 20 February 2019. 2. REVALUATION SURPLUS, NAME OF VALUERS, DATE OF VALUATION AND VALUATION ON PROPERTIES BY VALUER Please refer to Appendix A as attached. 3. EFFECT OF THE REVALUATION SURPLUS ON THE NET ASSETS PER SHARE The revised revaluation surplus, net of deferred tax, approximately RM18.71 million will increase the net assets per share of the Group by RM0.04 for the FPE 31 December 2018. This announcement is dated 27 February 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6077481

Attachments KTCCO Draft announcement valuation Appendix A (2nd).pdf

icy97

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

1	Revenue	150,302	93,803	304,092	200,358
2	Profit/(loss) before tax	4,419	-156	8,085	204
3	Profit/(loss) for the period	3,356	25	5,657	209
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,630	78	4,785	203
5	Basic earnings/(loss) per share (Subunit)	0.52	0.01	0.94	0.04
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		0.1600

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Type	Announcement
Subject	OTHERS
Description	PRESS RELEASE- KIM TECK CHEONG CONSOLIDATED BERHAD REPORTS 60% GROWTH IN REVENUE FOR Q2 FINANCIAL YEAR ENDED 2019
The Board of Directors of Kim Teck Cheong Consolidated Berhad is pleased to attach the press release entitled "KIM TECK CHEONG CONSOLIDATED BERHAD REPORTS 60% GROWTH IN REVENUE FOR Q2 FINANCIAL YEAR ENDED 2019". Please refer to the attachment below for further details. This announcement is dated 27 February 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6077581

Attachments KTC - Press release (Final).pdf

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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

1	Revenue	155,729	122,065	459,821	322,423
2	Profit/(loss) before tax	5,753	-9,646	13,838	-9,442
3	Profit/(loss) for the period	4,065	-11,390	9,721	-11,181
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,730	-11,818	8,514	-11,615
5	Basic earnings/(loss) per share (Subunit)	0.73	-2.32	1.67	-2.28
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		0.1600

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	165,537	136,391	625,358	459,221
2	Profit/(loss) before tax	3,064	5,395	16,902	-5,295
3	Profit/(loss) for the period	3,561	4,388	13,282	-6,793
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,382	3,633	12,386	-8,128
5	Basic earnings/(loss) per share (Subunit)	0.66	0.71	2.43	-1.59
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		0.1500

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KIM TECK CHEONG CONSOLIDATED BERHAD

Date of change	10 Oct 2019
Name	MISS PAMELA PHUI HEE YUNG
Age	40
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	To pursue other career opportunities.

icy97

Type	Announcement
Subject	OTHERS
Description	KIM TECK CHEONG CONSOLIDATED BERHAD (KTC CONSOLIDATED OR THE COMPANY)-        APPOINTMENT OF KIM TECK CHEONG DISTRIBUTION SDN BHD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF KTC CONSOLIDATED AS DISTRIBUTION PARTNER OF ABBOTT LABORATORIES (MALAYSIA) SDN BHD
The Board of Directors of KTC Consolidated wishes to announce that Kim Teck Cheong Distribution Sdn Bhd, a wholly-owned subsidiary company of KTC Consolidated had on 1 October 2019 accepted the appointment by Abbott Laboratories (Malaysia) Sdn Bhd as its Distribution Partner. The details of the announcement are set out in the attachment below. This announcement is dated 11 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6308053

Attachments KTC - Distributorship Agreement (KTCDSB) - Annoucement dd 11.10.2019.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	KIM TECK CHEONG CONSOLIDATED BERHAD (KTC CONSOLIDATED OR THE COMPANY)-        APPOINTMENT OF KIM TECK CHEONG (SARAWAK) SDN BHD, A WHOLLY-OWNED SUBSIDIARY COMPANY OF KTC CONSOLIDATED AS DISTRIBUTION PARTNER OF ABBOTT LABORATORIES (MALAYSIA) SDN BHD
The Board of Directors of KTC Consolidated wishes to announce that Kim Teck Cheong (Sarawak) Sdn Bhd, a wholly-owned subsidiary company of KTC Consolidated had on 1 October 2019 accepted the appointment by Abbott Laboratories (Malaysia) Sdn Bhd as its Distribution Partner. The details of the announcement are set out in the attachment below. This announcement is dated 11 October 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6308049

Attachments KTC - Distributorship Agreement (KTCSSB) - Announcement dd 11.10.2019.pdf

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KIM TECK CHEONG CONSOLIDATED BERHAD

Date of change	21 Oct 2019
Name	MR SHIN KOK LEONG
Age	49
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Chartered Certified Accountant (ACCA) SEGi University and Colleges (FKA. Systematic College) 2 Professional Qualification London Chamber of Commerce & Industry (LCCI) SEGi University and Colleges (FKA. Systematic College) 3 Diploma Business Study SEGi University and Colleges (FKA. Systematic College)
Working experience and occupation	2011 - Present - Group Financial Accountant at AirAsia Berhad  2004 - 2010 - Commercial/Accounting Manager/Accountant at Emerson Network Power (M) Sdn Bhd  1998 - 2004 - Finance Executive at Guolene Packaging & Printing Sdn Bhd (Member of Hong Leong Group)1996 - 1998 - Account Executive at Nanyang Siang Pau Sdn Bhd (Member of Hong Leong Group)1994 - 1996 - Audit Assistance at E.S Lim & Co

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Type	Announcement
Subject	OTHERS
Description	KIM TECK CHEONG CONSOLIDATED BERHAD (KTC CONSOLIDATED OR THE COMPANY) ENTERED INTO A LICENCE AGREEMENT (GARDENIA INDONESIA) WITH GARDENIA INTERNATIONAL LTD.
The Board of Directors of KTC Consolidated wishes to announce that the Company had on 22 January 2020 entered into a Licence Agreement (Gardenia Indonesia) with Gardenia International Ltd. (“GIL”). The details of the announcement are set out in the attachment below. This announcement is dated 22 January 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3018012

Attachments KTC - BA - Gardenia Indonesia dd 22.01.2020.pdf

Type	Announcement
Subject	OTHERS
Description	KIM TECK CHEONG CONSOLIDATED BERHAD (KTC CONSOLIDATED OR THE COMPANY)-        LICENSE AGREEMENT OF GARDENIA BAKERIES (EAST MALAYSIA) SDN BHD (FORMERLY KNOWN AS KIM TECK CHEONG (TAWAU) SDN BHD), A WHOLLY-OWNED SUBSIDIARY COMPANY OF KTC CONSOLIDATED ENTERED INTO A LICENCE AGREEMENT (GARDENIA SABAH & SARAWAK) WITH TONG HING HOLDINGS SDN. BHD.
The Board of Directors of KTC Consolidated wishes to announce that Gardenia Bakeries (East Malaysia) Sdn Bhd (formerly known as Kim Teck Cheong (Tawau) Sdn Bhd), a wholly-owned subsidiary company of KTC Consolidated (“Gardenia Bakeries”) had on 22 January 2020 entered into a Licence Agreement (Gardenia Sabah & Sarawak) with Tong Hing Holdings Sdn. Bhd. The details of the announcement are set out in the attachment below. This announcement is dated 22 January 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3018013

Attachments KTC - BA - Gardenia Sabah Sarawak dd 22.01.2020.pdf

（吉隆坡23日讯）金德昌控股集团（Kim Teck Cheong Consolidated Bhd）与商标持有人签署两项特许协议，将获得在沙巴、砂拉越和印尼的Gardenia商标专用权后，今早大涨16.13%。

截至10时10分，该股起2.5仙，报18仙，市值为9185令吉。

第一项协议将使其独资拥有的Gardenia Bakeries（东马）私人有限公司以该商标，在沙巴和砂拉越经营面包、蛋糕和冰淇淋的生产业务，以及运输、供应和分销这些产品。

第二项协议则让Gardenia Bakeries可在印尼开展同样的业务，并允许该公司进一步扩大在印尼的第三方品牌和产品分销组合。