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OTHERS Mentiga Corporation Berhad ("Mentiga" or the "Company") RE: Revaluation of Non-Current Assets of the Group

MENTIGA CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
Mentiga Corporation Berhad ("Mentiga" or the "Company")
RE: Revaluation of Non-Current Assets of the Group

In compliance with Paragraph 9.19(46) and part H, Appendix 9A of Chapter 9 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors (“the Board”) of Mentiga Corporation Berhad is pleased to announce that a revaluation on the Non-Current Assets of the Group (“Properties”) held by Mentiga’s Group has been carried out by the independent professional valuer, Rahim & Co International Sdn. Bhd., using the market value as the basis of valuation. In arriving at the market value, the main approach is Comparison and Income Method in this valuation exercise to reflect its fair value (hereinafter referred to as “Revaluation”).

 

Please refer to the attached document for further details.

 

This announcement is dated 29 February 2024.




Please refer attachment below.

Attachments

Revaluation Announcement.pdf
156.2 kB



Announcement Info

Company Name MENTIGA CORPORATION BERHAD
Stock Name MENTIGA
Date Announced 29 Feb 2024
Category General Announcement for PLC
Reference Number GA1-29022024-00092



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