智通财经APP讯，RIMBACO(01953)公布，拟于2025年9月15日派发特别股息每股3.7港仙。 ...

EF001 發行人所發行上市權證/可轉換債券的相關信息 發行人所發行上市權證/可轉換債券 不適用 其他信息 其他信息 不適用 發行人董事 本公司執行董事為Low Seah Sun先生、Low Wui Linn先生、Seah Peet Hwah女士、Cheang Wye Keong先生 及 Lau Ah Cheng 生；本公司非 執行董事為唐繼德 先 生；而 本 公 司 獨 立 非 執 行 董 事 為Ng Kok Seng先 生、黃 智 威 先 生 及Yeo Chew Yen Mary女 士。 免責聲明 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 Rimbaco Group Global Limited (於開曼群島註冊成立之有限公司) | | | 股份代號 | 01953 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失 承 擔 任 何 責 任。 ᳃㤿 承董事會命 Rimbaco Group Global Limited 主 席 Low Seah Sun 宣派及派付特別股息及 暫停辦理股東登記手續 香 港，2025年8月18日 特別股息 於 本 公 告 日 期，執 行 董 事 為Low Seah Sun先 生、Low Wui Linn先 生、Seah Peet Hwah 女 士、Cheang Wye Keong先生及Lau Ah Cheng先 生；非 執 行 董 事 為 唐 繼 德 先 生；而 獨立非執行董事為Ng Kok Seng先 生、黃 智 威 先 生 及Yeo Chew Yen Mary女 士。 Rimbaco Group Global Limited（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Rimbaco Group Global Limited (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01953 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 ...

森馬 森馬 目錄 2 公司資料 4 管理層討論及分析 13 企業管治及其他資料 18 簡明綜合損益及其他全面收益表 19 簡明綜合財務狀況表 21 簡明綜合權益變動表 22 簡明綜合現金流量表 24 簡明綜合財務報表附註 公司資料 董事會 執行董事 Low Seah Sun先生 （主席） Low Wui Linn先生 （行政總裁） Seah Peet Hwah女士 Cheang Wye Keong先生 Lau Ah Cheng先生 非執行董事 (於開曼群島註冊成立的有限公司) 股份代號：1953 唐繼德先生 獨立非執行董事 Ng Kok Seng先生 黃智威先生 Yeo Chew Yen Mary女士 公司秘書 林婉玲女士 審核委員會 黃智威先生 （主席） Ng Kok Seng先生 Yeo Chew Yen Mary女士 薪酬委員會 Yeo Chew Yen Mary女士 （主席） Seah Peet Hwah女士 黃智威先生 提名委員會 Low Seah Sun先生 （主席） Ng Kok Seng先生 黃智威先生（於2025年6月26日辭任） Yeo Chew Yen Mary女士（於2025年6月26 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 ᳃㤿 截 至4月30日止六個月 | | | | | | | | | | | | | | | | | | | | 2025年 | | | 2024年 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | 附 | 註 | | | 千令吉 | | | 千令吉 | | | | | | | | | | | | | | | | | | | （未 | 經 | 審 核） | （未 | 經 | 審 核） | | 益 | 收 | | | | | | | | | | | | | | ...

Financial Performance - The company recorded a revenue of approximately 289.2 million MYR for the fiscal year 2024, a decrease of about 43.3% from 510.4 million MYR in fiscal year 2023[10]. - The gross profit margin fell from approximately 6.6% in fiscal year 2023 to about 1.4% in fiscal year 2024[10]. - The company reported a loss attributable to owners of approximately 1.6 million MYR in fiscal year 2024, compared to a profit of about 20.0 million MYR in fiscal year 2023, representing a decrease of approximately 21.6 million MYR[10]. - The group's revenue decreased from approximately RM 510.4 million in FY2023 to about RM 289.2 million in FY2024, a reduction of RM 221.2 million or 43.3%[22]. - The group's gross profit fell from approximately RM 33.7 million in FY2023 to RM 4.0 million in FY2024, with a gross margin decline from 6.6% to 1.4%[25]. - The total employee cost decreased from approximately 13.5 million MYR in 2023 to about 11.8 million MYR in 2024, primarily due to a reduction in workforce[55]. - The group reported a loss attributable to owners of approximately RM 1.6 million in FY2024, a decrease of RM 21.6 million (or 108.0%) compared to a profit of RM 20.0 million in FY2023[32]. - The group's cash balance as of October 31, 2024, was approximately RM 62.8 million, compared to RM 57.4 million in the previous year[35]. Construction Projects - The company completed 7 construction projects in fiscal year 2024, with a total contract value of approximately 903.2 million MYR[15]. - As of October 31, 2024, the company has 3 ongoing construction projects with a total contract value of approximately 451.5 million MYR[19]. - The company submitted 13 bids for factory projects, 2 bids for commercial projects, and 6 bids for institutional projects in fiscal year 2024[19]. - The company won contracts for 3 factory projects and 1 institutional project, with total contract values of approximately 84.9 million MYR and 115.7 million MYR respectively[19]. - As of October 31, 2024, the group's uncompleted engineering order book amounted to approximately RM 278.9 million, down from RM 382.7 million in the previous year[24]. Economic Environment - The company anticipates a challenging operating environment for the next fiscal year due to global uncertainties and emerging market challenges[11]. - The average inflation rate in Malaysia year-to-date is 1.8%, with expectations for inflation to remain manageable in 2025[11]. Cost Management and Future Plans - The company plans to continue cost-reduction policies and actively bid for new projects to supplement its order book[11]. - The group made significant capital expenditures of approximately RM 9.7 million in FY2024, including RM 0.4 million for an excavator and RM 7.3 million for a D3 support system[43]. - The company plans to utilize approximately 0.5 million HKD for land acquisition and warehouse construction by October 31, 2025[57]. - The company aims to hire additional staff to support business expansion, with an allocation of HKD 3,892,000 (5.3%)[60]. Governance and Compliance - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules and has complied with all provisions in the fiscal year 2024[89]. - The roles of Chairman and CEO have been clearly separated, with Low Seah Sun and Low Wui Linn fulfilling these positions respectively in the fiscal year 2024[90]. - The company has a code of conduct for securities trading by directors, which complies with the standards set out in the Listing Rules, with no violations reported in the fiscal year 2024[91]. - The board of directors for the fiscal year 2024 includes 5 executive directors and 3 independent non-executive directors, ensuring a diverse governance structure[92]. - The company has established a risk register to document identified risks, risk ratings, mitigation plans, and key responsible persons[150]. - The company has engaged an independent professional advisor to perform internal audit functions, ensuring an independent assessment of risk management and internal control systems[151]. - The company has complied with relevant laws and regulations, with no serious violations reported for the fiscal year 2024[196]. Shareholder Relations - The company maintains a shareholder communication policy to ensure timely access to comprehensive and understandable information regarding its financial performance and strategic objectives[170]. - Shareholders are encouraged to participate in annual general meetings, where board members and appropriate management personnel will be present to address questions[174]. - The company prioritizes the protection of shareholder privacy and will not disclose shareholder information without consent, except as required by law[175]. - The company does not recommend the payment of a final dividend for the fiscal year 2024, consistent with the previous fiscal year where no dividend was declared[199]. - The board will continue to review the dividend policy and retains the discretion to update or modify it at any time[187]. Risk Management - The company emphasizes the importance of business risk management to identify internal and external factors that may impact its objectives, focusing on fluctuations in key material prices, labor markets, and other economic factors[156]. - Prior to any acquisition investments, the company ensures appropriate due diligence is conducted and reviewed[157]. - The company has implemented succession planning processes to address human resource risks, particularly the reliance on key personnel[158]. Audit and Financial Reporting - The Audit Committee held 3 meetings during the fiscal year 2024 and reviewed the audited consolidated financial statements for the year ended October 31, 2023[139]. - The external auditor's fees for audit services amounted to 828 thousand MYR in 2024, an increase from 556 thousand MYR in 2023, reflecting a 48.9% rise[144]. - The Audit Committee recommended the reappointment of the external auditor, ShineWing (HK) CPA Limited, for the fiscal year 2024[140]. - The company reported no significant uncertainties affecting its ability to continue as a going concern[147]. - The board of directors confirms their responsibility to maintain proper accounting records and prepare financial statements that fairly reflect the company's financial position and performance for each fiscal year[161]. - The company believes that clear, fair, and timely financial reporting is crucial for maintaining stakeholder confidence, with annual and interim results published within three and two months after the relevant fiscal periods end, respectively[161].

Financial Performance - For the fiscal year ending October 31, 2024, the company reported total revenue of MYR 289,184,000, a decrease of 43.3% compared to MYR 510,437,000 for the fiscal year ending October 31, 2023[6] - The gross profit for the fiscal year 2024 was MYR 4,049,000, down from MYR 33,705,000 in 2023, indicating a significant decline in profitability[6] - The company recorded a net loss of MYR 1,552,000 for the fiscal year 2024, compared to a profit of MYR 20,007,000 in the previous year, reflecting a negative shift in financial performance[6] - The company's pre-tax loss amounted to 1,552,000 MYR for the year ending October 31, 2024, compared to a profit of 20,007,000 MYR in 2023, indicating a significant decline in performance[32] - The company reported a loss attributable to owners of approximately 1.6 million Ringgit in 2024, a decrease of about 21.6 million Ringgit (or 108.0%) compared to a profit of 20.0 million Ringgit in 2023[66] - The gross profit for the fiscal year 2024 was approximately 4.0 million Ringgit, down from 33.7 million Ringgit in 2023, resulting in a gross margin decrease from 6.6% to 1.4%[60] Assets and Liabilities - Total assets as of October 31, 2024, amounted to MYR 260,842,000, a decrease from MYR 325,548,000 in 2023, indicating a reduction in asset base[8] - Current liabilities decreased to MYR 139,750,000 in 2024 from MYR 193,329,000 in 2023, showing improved management of short-term obligations[8] - The company's non-current assets increased to MYR 31,638,000 in 2024 from MYR 22,622,000 in 2023, suggesting investment in long-term assets[8] - The company's trade receivables net amount was 85,675,000 MYR as of October 31, 2024, down from 92,461,000 MYR in 2023, representing a decrease of about 7.4%[35] - The total amount of trade and other receivables decreased from 110,156,000 MYR in 2023 to 99,691,000 MYR in 2024, a decline of approximately 9.4%[35] - Contract assets related to construction contracts decreased from 143,363,000 MYR in 2023 to 82,228,000 MYR in 2024, a reduction of about 42.7%[38] - The company's trade payables and notes payable decreased from 102,788,000 MYR in 2023 to 90,822,000 MYR in 2024, indicating a decline of approximately 11.6%[40] - The company's net current assets decreased by approximately 11.1 million Ringgit (or 8.4%) to about 121.1 million Ringgit as of October 31, 2024[77] Revenue Breakdown - Revenue from factory projects was 155,152 thousand MYR, down 50.7% from 314,513 thousand MYR in the previous year[22] - Revenue from infrastructure projects increased to 84,170 thousand MYR, up 49.8% from 56,203 thousand MYR in 2023[22] - Other income for the year was 4,364 thousand MYR, a decline of 25.6% compared to 5,885 thousand MYR in 2023[24] - Bank interest income was 2,113 thousand MYR, slightly down from 2,238 thousand MYR in the previous year[24] - The financing cost for lease liabilities increased to 21 thousand MYR from 3 thousand MYR in 2023[25] Future Outlook and Strategy - The company plans to continue focusing on its core contracting services in Malaysia, aiming for market expansion and potential new projects[13] - The company anticipates continued challenges in 2025 due to a competitive construction industry and rising material costs, necessitating careful planning and innovative solutions[67] - The group plans significant capital expenditures of approximately 9.7 million MYR for FY2024, including 0.4 million MYR for an excavator and 7.3 million MYR for a D3 support system[78] Corporate Governance and Compliance - The company has adopted new International Financial Reporting Standards, which may impact future financial reporting and disclosures[14] - The group has not early adopted any new international financial reporting standards that have been issued but are not yet effective[19] - The application of the revised international accounting standards did not have a significant impact on the group's financial position and performance[20] - The group expects that the application of new international financial reporting standards will not have a significant impact on its performance and financial position[20] - The audit committee has reviewed the consolidated financial statements for the fiscal year ending October 31, 2024, confirming compliance with applicable accounting standards and regulations[111] - The financial figures for the group, as audited by the external auditor, are consistent with the consolidated financial statements for the fiscal year ending October 31, 2024[112] - The company has adhered to all corporate governance codes as outlined in the listing rules for the 2024 fiscal year, emphasizing the importance of accountability and shareholder value[108] Employee and Operational Metrics - Total employee costs decreased from 16,478,000 MYR in 2023 to 14,739,000 MYR in 2024, reflecting a reduction of approximately 10.6%[28] - Employee costs decreased from approximately 13.5 million MYR in FY2023 to about 11.8 million MYR in FY2024, primarily due to a reduction in workforce[90] - The average credit period granted to customers is not exceeding 60 days, with specific customers potentially receiving longer terms based on circumstances[35] Projects and Bids - The group completed 7 construction projects in the fiscal year 2024, with a total contract value of approximately 903.2 million MYR, including 6 factory projects and 1 commercial and residential project[47] - As of October 31, 2024, the group has 3 ongoing construction projects with a total contract value of approximately 451.5 million MYR, including 1 factory project, 1 institutional project, and 1 infrastructure project[53] - The group has submitted 13 bids for factory projects, 2 bids for commercial projects, and 6 bids for institutional projects in the fiscal year 2024[54] Cash and Investments - The company’s cash and cash equivalents increased to MYR 62,794,000 in 2024 from MYR 57,448,000 in 2023, indicating a stronger liquidity position[8] - As of October 31, 2024, the company's cash balance was approximately 62.8 million Ringgit, an increase from 57.4 million Ringgit in 2023[70] - Restricted cash deposits as of October 31, 2024, are earning interest at rates between 2.3% and 3.65%, compared to 2.5% to 3.0% in 2023[39] - As of October 31, 2024, restricted cash deposits amount to approximately 11.4 million MYR, down from 13.8 million MYR in the previous year[85] - The group has no significant investments outside of its subsidiaries[82] Dividends and Taxation - The company did not declare or propose any dividends for the year ending October 31, 2024, compared to an interim dividend of 22,930,000 MYR in 2023[33] - The estimated corporate income tax for Malaysia for the year ending October 31, 2024, is 798,000 MYR, a significant decrease from 7,102,000 MYR in 2023[29] - The company has received a notice from the Inland Revenue Board Malaysia regarding a tax audit scheduled for November 5, 2024, to assess reported taxable income compliance[99] Miscellaneous - There are no significant events reported for FY2024[81] - The company has maintained its commitment to a non-competition agreement with its major shareholders, confirming compliance as of the report date[103] - No significant post-fiscal year events have been reported by the company up to the announcement date[100] - The unutilized net proceeds from the IPO amount to approximately 3.3 million HKD, with 1.4 million HKD already utilized for machinery and equipment purchases[93] - The group has no major acquisitions or sales planned for FY2024[79] - The group has no capital commitments as of October 31, 2024[87] - The group does not face significant foreign exchange risks as its operations are primarily in MYR[88]

Financial Performance - The company reported a loss attributable to owners of approximately MYR 3.3 million for the first half of the fiscal year 2024, a decrease of about MYR 11.5 million (or 140.2%) compared to a profit of MYR 8.2 million in the same period of 2023[46]. - For the six months ended April 30, 2024, the company reported revenue of 125,691 thousand MYR, a decrease of 42.9% compared to 220,130 thousand MYR for the same period in 2023[86]. - The cost of services for the same period was 127,892 thousand MYR, resulting in a gross loss of 2,201 thousand MYR, compared to a gross profit of 13,061 thousand MYR in the previous year[86]. - The company's total revenue for the six months ended April 30, 2024, was 125,691 thousand MYR, a decrease of 42.8% compared to 220,130 thousand MYR for the same period in 2023[118]. - Revenue from factory projects was 71,599 thousand MYR, down 39.1% from 117,595 thousand MYR in the previous year[118]. - The company reported a basic and diluted loss per share of (3,313) thousand MYR for the six months ended April 30, 2024, compared to a profit of 8,247 thousand MYR for the same period in 2023[124]. - The gross loss for the first half of 2024 was approximately 2.2 million MYR, compared to a gross profit of about 13.1 million MYR in the first half of 2023, resulting in a gross margin decline from approximately 5.9% to a gross loss margin of 1.8%[166]. Assets and Liabilities - The company's total assets as of April 30, 2024, were 151,520 thousand MYR, while total liabilities were 233,183 thousand MYR, resulting in a net asset value of 149,942 thousand MYR[72][87]. - The company's contract assets decreased to 111,940 thousand MYR from 141,651 thousand MYR, indicating a reduction in future revenue recognition[72]. - Trade and other receivables were reported at 53,437 thousand MYR, down from 110,156 thousand MYR, suggesting a decline in sales or collection issues[72]. - The company's equity decreased from 153,263 thousand MYR to 149,942 thousand MYR, reflecting the impact of the net loss on shareholders' equity[72]. - Trade payables and notes payable amounted to 51,881 thousand MYR as of April 30, 2024, down from 102,788 thousand MYR as of October 31, 2023[133]. - The company reported a contingent liability of 6,852 thousand MYR as of April 30, 2024, compared to 30,087 thousand MYR as of October 31, 2023[154]. Cash Flow and Financing - Cash and cash equivalents decreased to 46,334 thousand MYR from 57,448 thousand MYR, reflecting a cash outflow during the period[72]. - The company’s cash flow from operating activities was negative 10,233 thousand MYR, compared to negative 2,538 thousand MYR in the same period last year[92]. - Operating cash flow before changes in working capital was negative 3,848 thousand MYR, a significant decrease from 12,140 thousand MYR in the previous year[92]. - The company's financing costs for the period were 3,313 thousand MYR, compared to 11,199 thousand MYR in the previous year, indicating a reduction in interest expenses[86]. - The company's financing costs decreased from approximately 10,000 MYR in the first half of 2023 to about 2,000 MYR in the first half of 2024, primarily due to a reduction in bank borrowings[168]. - The company has no outstanding bank borrowings as of April 30, 2024, with an unused bank overdraft facility of approximately 500,000 MYR[171]. Construction Projects - The group completed three construction projects in the first half of the fiscal year 2024, with a total contract value of approximately RM 323.9 million[21]. - As of April 30, 2024, the group had six ongoing construction projects with a total contract value of approximately RM 910.9 million[22]. - The company secured three factory contracts in the first half of 2024, with a total contract value of approximately 86.5 million MYR[183]. - As of April 30, 2024, the company had uncompleted engineering order amounts of approximately 296.9 million MYR, down from 689.6 million MYR as of October 31, 2023[186]. - The company recognized contract liabilities of approximately 36,049 thousand MYR for building construction contract revenue during the first half of the fiscal year 2024[132]. - Contract liabilities decreased primarily due to a reduction in billing for building construction services[145]. Employee and Governance - The total employee costs (excluding directors' remuneration) decreased from approximately RM 5.9 million in the first half of fiscal year 2023 to approximately RM 5.0 million in the first half of fiscal year 2024, mainly due to a reduction in workforce[37]. - The company plans to hire additional staff to support business expansion, with an allocation of MYR 3.9 million for this purpose[58]. - Continuous employee development is deemed crucial for success, with tailored training programs provided[199]. - Employee compensation generally includes salary and bonuses, determined by qualifications, position, and performance[199]. - The company maintains a high level of corporate governance and has complied with all corporate governance code provisions during the first half of the fiscal year 2024[60]. Economic Outlook - Bank Negara Malaysia forecasts Malaysia's economy to grow by 4% - 5% in 2024, driven by continued domestic demand expansion and improved external demand[24]. - The company has no significant plans for future investments or capital assets as of April 30, 2024[16]. - The company has no significant investments outside its subsidiaries for the first half of the fiscal year 2024[51]. - The company has no capital commitments as of April 30, 2024[54]. - The company has not adopted any new international financial reporting standards that have been issued but not yet effective, and is currently assessing their impact on performance and financial position[116].

Financial Performance - For the six months ended April 30, 2024, the company reported revenue of MYR 125,691,000, a decrease of 42.9% compared to MYR 220,130,000 for the same period in 2023[7] - The cost of services for the same period was MYR 127,892,000, down from MYR 207,069,000, resulting in a gross loss of MYR 2,201,000 compared to a gross profit of MYR 13,061,000 in 2023[7] - The company recorded a loss before tax of MYR 3,313,000, compared to a profit before tax of MYR 11,199,000 in the previous year[7] - Total comprehensive loss attributable to owners of the company for the period was MYR 3,321,000, compared to a total comprehensive income of MYR 7,833,000 in the same period last year[7] - The basic and diluted earnings per share for the period were (0.26 sen), compared to 0.65 sen in the previous year[7] - The group's revenue for the six months ended April 30, 2024, was 125,691 thousand Ringgit, a decrease of 42.9% compared to 220,130 thousand Ringgit for the same period in 2023[19] - Revenue from factory projects was 71,599 thousand Ringgit, down 39.1% from 117,595 thousand Ringgit in the previous year[19] - The group reported a loss attributable to owners of the company of approximately 3.3 million MYR in the first half of 2024, a decrease of approximately 11.5 million MYR (or 140.2%) compared to a profit of approximately 8.2 million MYR in the first half of 2023[60] Assets and Liabilities - As of April 30, 2024, total assets amounted to MYR 233,183,000, a decrease from MYR 325,548,000 as of October 31, 2023[9] - Current liabilities were reported at MYR 105,507,000, down from MYR 193,329,000, indicating improved liquidity[9] - The net current assets as of April 30, 2024, were MYR 127,676,000, compared to MYR 132,219,000 as of October 31, 2023[9] - The company's total equity decreased to MYR 149,942,000 from MYR 153,263,000, reflecting a decline in shareholder value[10] - The net trade receivables as of April 30, 2024, were 45,963 thousand Ringgit, a decrease from 105,680 thousand Ringgit as of October 31, 2023[26] - Trade receivables and contract assets as of April 30, 2024, show that approximately 0.0% is owed by the largest customer, down from 46.4% on October 31, 2023[74] - Contract assets totaled 111,940 thousand MYR as of April 30, 2024, down from 141,651 thousand MYR on October 31, 2023, indicating a decrease of about 21.0%[28] - The amount of retention money receivable from construction contracts was 70,296 thousand MYR as of April 30, 2024, compared to 75,823 thousand MYR on October 31, 2023, reflecting a reduction of approximately 7.0%[29] - Contract liabilities significantly decreased to 1,080 thousand MYR as of April 30, 2024, from 36,049 thousand MYR on October 31, 2023, a decline of about 97.0%[30] - Trade payables and notes payable were reported at 51,881 thousand MYR as of April 30, 2024, down from 102,788 thousand MYR on October 31, 2023, representing a decrease of approximately 49.5%[32] - The aging analysis of trade payables showed that amounts due within 30 days dropped to 14,524 thousand MYR from 66,336 thousand MYR, a decrease of about 78.1%[34] Operational Highlights - The company continues to focus on strategic initiatives to enhance operational efficiency and market presence despite the current financial challenges[12] - The group completed 3 construction projects in the first half of 2024, with a total contract value of approximately 323.9 million MYR, all of which were factory projects[40] - As of April 30, 2024, the group has 6 ongoing construction projects with a total contract value of approximately 910.9 million MYR, including 4 factory projects, 1 commercial project, and 1 infrastructure project[44] - The group submitted 10 bids for factory projects, 3 bids for mechanical projects, and 1 bid for commercial projects in the first half of 2024, securing 3 factory contracts with a total contract value of approximately 86.5 million MYR[48] Income and Expenses - Total financing costs for the six months ended April 30, 2024, were 2 thousand Ringgit, significantly lower than 11 thousand Ringgit in 2023[22] - The group recorded bank interest income of 1,306 thousand Ringgit, an increase of 35.2% from 966 thousand Ringgit in the previous year[20] - The total other income for the six months ended April 30, 2024, was 2,305 thousand Ringgit, up 26.7% from 1,819 thousand Ringgit in 2023[20] - Other income increased from approximately 1.8 million MYR in the first half of 2023 to approximately 2.3 million MYR in the first half of 2024, mainly due to rising fixed deposit interest rates and increased profits from the sale of properties, factories, and equipment[56] - The group’s administrative and other expenses decreased by approximately 0.2 million MYR (or 5.6%) to approximately 3.4 million MYR in the first half of 2024, primarily due to reduced employee costs[57] - Employee costs decreased from approximately MYR 5.9 million in the first half of 2023 to approximately MYR 5.0 million in the first half of 2024, primarily due to a reduction in workforce[82] Cash Flow and Capital Management - As of April 30, 2024, the group's cash balance is approximately MYR 46.3 million, down from MYR 57.4 million on October 31, 2023[63] - The current ratio as of April 30, 2024, is approximately 2.2 times, an increase from 1.7 times on October 31, 2023[64] - The net current assets decreased by approximately MYR 4.5 million (or 3.4%) from MYR 132.2 million on October 31, 2023, to MYR 127.7 million on April 30, 2024[68] - The group made a significant capital expenditure of approximately MYR 0.68 million for the purchase of the D3 sharing system during the first half of 2024[70] - As of April 30, 2024, there are no outstanding bank borrowings, and the unused bank overdraft facility is approximately MYR 500,000[67] Future Plans and Investments - The company has committed to completing construction contracts within the stipulated completion period or any approved extensions, with performance guarantees in place[38] - The group has no significant investments outside of its subsidiaries as of the first half of 2024[72] - There are no significant future plans for acquisitions or major investments as of April 30, 2024[70] Governance and Compliance - The Audit Committee was established on March 31, 2020, in compliance with Listing Rule 3.21 and Corporate Governance Code provisions[96] - The Audit Committee is chaired by Mr. Wong Chi Wai, who possesses the appropriate professional qualifications as per Listing Rule 3.10(2) and 3.21[96] - The Group's unaudited consolidated results for the first half of 2024 have been reviewed by the Audit Committee, confirming compliance with applicable accounting standards and regulations[96] Shareholder Information - The board does not recommend the payment of an interim dividend for the first half of 2024, compared to MYR 0.0182 in the first half of 2023[94] - The company issued a total of 315,000,000 shares at a price of HKD 0.40 per share, raising approximately HKD 73.5 million (about MYR 38.7 million) after deducting related listing expenses[84] - As of March 31, 2023, the company revised the intended use of the net proceeds to enhance financial resource utilization and improve profitability, aligning with its business strategy[84] - The allocation of net proceeds for potential building projects is approximately 39.4%, totaling HKD 28,924,000, with HKD 9,648,000 expected to be utilized by the end of 2024[87] - The company plans to acquire machinery and equipment, accounting for 31.2% of the net proceeds, with an expected utilization of HKD 14,840,000 by the end of 2024[87] - The company has allocated 6.5% of the net proceeds for land acquisition and warehouse construction, with an expected utilization of HKD 12,058,000 by the end of 2024[87] - The company has approximately HKD 25.8 million in unutilized net proceeds as of the end of the first half of 2024, which is held in licensed banks[87]