News

1. 1.            INTRODUCTION 

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ASB (“Board”) wishes to announce that the Board had at its meeting held on 28 February 2014 approved the incorporation of the revaluation surplus arising from the valuation exercise conducted on a Property (as detailed below in item 3) held by the Group in the unaudited financial results of ASB Group for the fourth quarter ended 31 December 2013. 

1. 2.            PURPOSE 

The valuation was carried out to determine the market value of the Property for the management purpose. 

1. 3.            REVALUTION SURPLUS 

The details of the revaluation surplus of the Property are set out below:-  

1. 4.            EFFECT OF REVALUATION SURPLUS ON NET ASSETS PER SHARE 

Based on the unaudited financial results of ASB Group as at 31 December 2013, the Group's net assets value per ASB share will be increased by 0.64sen upon incorporation of the net revaluation surplus (after deferred tax) of RM3.3million. 

1. 5.            DOCUMENT AVAILABLE FOR INSPECTION 

The valuation report of the Property is available for inspection at the Registered Office of the Company at Level 3, East Wing, Wisma Synergy, No. 72, Pesiaran Jubli Perak, Seksyen 22, 40000 Shah Alam, Selangor Darul Ehsan during normal business hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 28 February 2014.