LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

Media Team on January 13, 2025

13 January 2025

ENG

FOR IMMEDIATE RELEASE

LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

Petaling Jaya, 13 January 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is delighted to announce the resounding success of its Merdeka Campaign, held from 1 August to 30 September 2024. The campaign, designed to reward purchasers who successfully completed their sales and purchase agreements, secured loan approvals, and fulfilled all stipulated terms and conditions, culminated in a memorable celebration.

LBS is excited to unveil the eight (8) lucky winners, each of whom received a generous cash incentive of RM30,000 as a token of appreciation for their support and commitment to the campaign.

The prizes were presented by LBS Group Managing Director, Datuk Wira Joey Lim, during the event held at the Prestige Residence Sales Gallery on 8 January 2025. A second prize presentation session was also held at the LBS Saujana Molek Sales Gallery in Johor Bahru on 11 January 2025.

Congratulations to the Winners of the LBS Merdeka Campaign 2024!

No.	NAME
1.	ARISTA AINI BINTI MISTAR
2.	AHMAD FIRDAUS AD’NIN BIN RAMLI
3.	DIDI EISMANTO BIN SUALMAN
4.	NORASLINDA BINTI MAZLAN
5.	LIM LEE YO
6.	NURUL FATERA BINTI SUFRI
7.	KEE MIH CHIAN @ KER MIH CHIAN
8.	MAENAGA GHANDHI A/P SUPPERMANIAM

These winners exemplified the confidence and loyalty that homebuyers placed in LBS’s high-quality developments. The cash incentive of RM30,000 served as a meaningful token of gratitude, elevating their Merdeka celebrations to new heights.

Commenting on the winner selection, Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, LBS Group Executive Chairman, stated, “We were deeply honored by the continued trust and support of our customers. The Merdeka Campaign reflected our commitment to going beyond delivering exceptional properties. Our aim was to create rewarding experiences and lasting relationships with our purchasers. Congratulations to all our winners!”

The Merdeka Campaign was part of LBS’s ongoing commitment to creating opportunities that resonate with the aspirations of Malaysians. By offering not just homes but also value-added initiatives, the Group continued to foster deeper connections with its community of buyers,” added Tan Sri.

LBS extended its heartfelt gratitude to all participants of the Merdeka Campaign. The Group remained dedicated to delivering innovative campaigns and exciting rewards in the future.

For more updates and upcoming offers, stay connected with LBS Bina Group Berhad or visit www.lbs.com.my.

-End-

FOR IMMEDIATE RELEASE

LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

LBS is excited to unveil the eight (8) lucky winners, each of whom received a generous cash incentive of RM30,000 as a token of appreciation for their support and commitment to the campaign.

Congratulations to the Winners of the LBS Merdeka Campaign 2024!

No.	NAME
1.	ARISTA AINI BINTI MISTAR
2.	AHMAD FIRDAUS AD’NIN BIN RAMLI
3.	DIDI EISMANTO BIN SUALMAN
4.	NORASLINDA BINTI MAZLAN
5.	LIM LEE YO
6.	NURUL FATERA BINTI SUFRI
7.	KEE MIH CHIAN @ KER MIH CHIAN
8.	MAENAGA GHANDHI A/P SUPPERMANIAM

LBS extended its heartfelt gratitude to all participants of the Merdeka Campaign. The Group remained dedicated to delivering innovative campaigns and exciting rewards in the future.

For more updates and upcoming offers, stay connected with LBS Bina Group Berhad or visit www.lbs.com.my.

-End-

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

Media Team on January 10, 2025

10 January 2025

ENG

FOR IMMEDIATE RELEASE

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

The largest mixed development featuring commercial offerings
Stylish and modern project that enhances overall experience for Brinchang residents and visitors

Petaling Jaya, 10 January 2025 – As the first of many exciting developments to come in the new year, LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, is proud to launch Centrum Iris. This is the second precinct of Cameron Centrum and the largest mixed development of commercial offerings in Cameron Highlands, Pahang. Strategically located in the heart of Brinchang’s bustling commercial district, Centrum Iris represents a strategic addition to LBS’s growing portfolio, projected to deliver a robust Gross Development Value (GDV) of RM472 million. The development is poised to redefine highland living by seamlessly combining modern sophistication with the timeless appeal of English charm. The project has already garnered an overwhelming response from potential homebuyers.

Certified with the Silver GreenRE¹ Centrum Iris features 705 residential units ranging from 595 to 1,370 square feet, with prices starting from RM476,000. Additionally, the development includes 26 commercial units, sized between 615 and 2,944 square feet, with prices starting from RM676,000. Meticulously designed, this mixed-use development caters to both homeowners and business owners, blending urban convenience with serene natural beauty.

As a gateway to Brinchang’s vibrant charm, Centrum Iris boasts a prime location, making it an ideal base for both residents and visitors to explore the dynamic surroundings of Cameron Highlands. Its mixed-use design enhances the overall experience by providing a wide range of conveniences, including stylish living spaces and retail options within a single integrated development.

Reflecting its inspiration from the timeless charm of English gardens, Centrum Iris is characterized by unique elements such as an English Courtyard, the Iris Tea Garden, the Songbird Sanctuary, the Courtyard Carriage Garden, the Iris Maze Garden, and the Iris Promenade, which add a sense of elegance and tranquility to the development. These spaces provide residents and visitors with serene settings to unwind and connect with nature. The development offers up to 47 lifestyle facilities, including recreational and relaxation amenities, designed to enhance residents’ quality of life.

Adding to its appeal, Centrum Iris introduces innovative features such as electric vehicle (EV) charging bays underscoring LBS’s commitment to sustainable living. The development also offers a unique relaxation spot in the form of a rooftop restaurant and café, which provides breathtaking views of the surrounding highlands, making it a unique destination for dining and leisure.

Commenting on the launch, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “Centrum Iris embodies the Group’s vision of creating integrated developments that cater to contemporary lifestyles, offering a dynamic living environment that balances luxury, convenience, and peacefulness. By combining stylish architecture with unparalleled amenities, we are not only redefining highland living but also establishing a new benchmark for mixed developments in Cameron Highlands.”

As LBS continues to expand its portfolio, Centrum Iris is just the beginning of more exciting projects to come. These future developments promise to bring additional value to residents, offering innovative facilities and unique features that blend modern comforts with the natural beauty of the highlands. LBS is excited to kick off 2025 with a pipeline of new projects, all aligned with our vision of providing homes that meet the evolving needs of people,” added Tan Sri.

For those seeking a premier address in Cameron Highlands, Centrum Iris presents a rare opportunity to experience elevated living in a prime location. For more information, call 1700 81 8778 or visit www.cameroncentrum.com.my. Alternatively, you may drop by our sales gallery at C-2-48, Presint 1, Cameron Centrum, 39100 Brinchang, Cameron Highlands, Pahang. We are open daily from 10:00 AM to 6:00 PM.

-End-

¹ The GreenRE Silver Award is a rating given to projects that meet the GreenRE guidelines for green building excellence.

FOR IMMEDIATE RELEASE

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

The largest mixed development featuring commercial offerings
Stylish and modern project that enhances overall experience for Brinchang residents and visitors

-End-

¹ The GreenRE Silver Award is a rating given to projects that meet the GreenRE guidelines for green building excellence.

More Green More Ong Campaign

Mannju on January 6, 2025

LBS Sports Day 2024 Highlights

Erfan Sakib on January 3, 2025

We were beyond excited to share the LBS Sports Day 2024 Highlights, featuring an action-packed video full of unforgettable moments!

Last year marked a special milestone for us – our very first LBS Sports Day organized on our own, and what an amazing success it was!

From the adrenaline-pumping tele-match and Tug of War to the high-energy cheering, your LBS team spirit shone brightly.

We hoped you had as much fun as we did!

LBS The Best, The Best, The Best!

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 2)

Mannju on January 1, 2025

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 2)

In this episode, we dive into everything you need to know about building a successful career here at LBS. Join us as we sit down with our HR’s Head of Department to discuss essential tips, company values, and the resources available to help you thrive. Whether you’re a newcomer or a long-time team member, this episode has something valuable for everyone.

Don’t miss this insightful discussion aimed at helping you make the most of your journey here. Be sure to like, comment, and subscribe to stay tuned for more episodes of Serious Arr!

Subscribe for monthly episodes featuring interviews and roundtable discussions!

Corporate Disclosure Policy

Erfan Sakib on December 16, 2024

1. INTRODUCTION

a) LBS Bina Group Berhad (“LBGB” or “Company”) is committed in maintaining transparent and effective communication with all external parties, including shareholders, investors, analysts, media, regulatory authorities, purchasers and other stakeholders (“Stakeholders“). The Company’s disclosure practices are guided by the principle of providing timely, accurate, fair and easily comprehensible information related to management policies, business strategies and financial performance.

b) Employees of LBGB and its subsidiaries’ (“LBGB Group”) are prohibited from disclosing or commenting on any information regarding the LBGB Group that is not publicly available or disclosed to the market, unless specifically authorised to do so in accordance to the Company’s Corporate Disclosure Policy (“Policy”).

2. OBJECTIVE

The objectives of this Policy are among others to:

a) to ensure that sensitive and/or non-public information are safeguarded and shared only in accordance with the appropriate procedures and regulations, maintaining the integrity and confidentiality of the LBGB Group’s operations and market position;

b) provide guidance to the Board of Directors, management and employees of LBGB Group on the Company’s disclosure requirements and practices;

c) provide guidance and policies in disseminating corporate information to, and in dealing with Stakeholders;

d) to reinforce LBGB’s commitment to comply with the continuous disclosure obligations imposed by Malaysian securities laws and regulations; and ;

e) develop and maintain a positive relationship with Stakeholders through active two-way communication to promote and maintain market integrity and investor confidence.

3. SCOPE

This Policy applies to all Directors, employees and other individuals affiliated with the LBGB Group.

3. DISCLOSURE PRINCIPLES

a) LBGB Group implements timely and appropriate information disclosures in accordance with relevant laws, regulations and the Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), and is committed to equality among all market participants for accessibility to material information that may influence investment decisions.

b) All information disclosure shall be planned and executed in line with LBGB’s vision, mission and strategic objectives, and shall follow the following criteria:

Clarity and Reliability: Information shall be accurate, clear and straightforward.

Transparency: Information shall be open and transparent. Decision regarding not to comment on or not to share information must be based on legitimate business and/or legal concerns.

Speed: Information disclosure shall be timely.

Consistency: Information about LBGB Group shall be consistent, in line with a “one company, one voice” approach and the consistent promotion of LBGB’s brand and image.

Language: The principal language used is English. Other languages may be used as and when necessary.

5. AUTHORISED SPOKESPERSONS

The Authorised Spokespersons for the LBGB Group are Group Executive Chairman, Group Managing Director/Chief Executive Officer, Executive Directors, Deputy Chief Executive Officer and who has the authority to nominate other officers who maybe
authorised as the spokesperson.

The Authorised Spokespersons in response to the specific enquiries from the public, shall not disclose material information that has not been previously made public.

If authorised officers other than Authorised Spokepersons have any ambiguity about the appropriateness of supplying information to an external party, the Authorised Spokespersons should be contacted for advice.

6. DISCLOSURE TO STAKEHOLDERS

a) Announcement to Bursa Malaysia

Any material information related to the LBGB Group will be immediate disclosed through an announcement to Bursa Malaysia. If necessary, a subsequent press release may be issued to the media for material and complex announcements to facilitate better understanding by the investing community.

Material information refers to any information concerning LBGB Group which is reasonably expected to have a material effect on:

i) the market price or value of the Company’s securities; or activity in the trading of its securities; or

ii) the decision to buy, sell or continue holding the Company’s securities which is made by an existing holder of those securities, or someone considering an investment in those securities.

b) Integrated Annual Report (“IAR”) and Sustainability Report (“SR”)

The IAR and SR provide stakeholders with the comprehensive information about the Company’s performance and business activities.

The IAR and SR are submitted to the Bursa Malaysia and are also made available on the Company’s website. Both shall be published in printed and/or electronic form and distributed to shareholders in accordance with the rules of Bursa Malaysia.

c) General Meetings of shareholders

The Company shall conduct the general meetings of shareholders to provide a platform for Directors and senior management to engage with the shareholders to facilitate greater understanding on the company’s business, governance and performance.

d) Website, press release and digital media

The Corporate Communication, Media & Digital Department shall oversee the management of the Company’s website, press releases and digital media platforms. Press Release will be disseminated to various media organisations and publications to ensure broad visibility and effective communication.

The Authorised Spokespersons may engage with journalists individually or in small groups through various communication modes, including one-on-one meetings, email inquiries and site visits.

e) Investors and analysts

The Authorised Spokespersons will periodically conduct briefing with presentation for investors and analysts on quarterly and year-end results, and other major corporate exercises. Information provided by Investor Relations Department to obtain information that supplements the information which has been made available by the Company must be approved for dissemination by the Authorised Spokespersons.

7. PREVENTION OF INFORMATION LEAKS

To prevent information leaks, LBGB Group’s employees shall act according to the following guidance:

a) for confidential information, all persons involved, both internal staff or advisor/consultant engaged, must be explicitly informed about the importance of maintaining confidentiality; and

b) it is the responsibility of every employee handling confidential information to safeguard the security of that information and to take all actions necessary to prevent leakage.

8. UNUSUAL MARKET ACTIVITY

LBGB does not comment on rumours or speculation, unless obliged to do so in compliance with the Listing Requirements. If Bursa Malaysia requests clarification, the Company will make the requisite announcement.

LBGB shall carry out an enquiry to ascertain the cause of any unusual market activity in its securities. In the case of any misinterpretations, clarification shall be provided via the
appropriate channels to Bursa Malaysia.

9. PROMOTIONAL DISCLOSURE ACTIVITY

LBGB shall not participate in any form of promotional disclosure activity that may mislead its investors or cause unwarranted price movement and activity in its securities.

10. INSIDERS AND TRADING IN LBGB’S SECURITIES

Insiders are all persons who have access to material and/or price sensitive information about LBGB Group and its operations which is not known to the public. Any person who possesses insider knowledge of undisclosed material information, is prohibited from trading in LBGB Group’s securities until after the information has been publicly disclosed.

The provisions of the Listing Requirements, Capital Market Services Act 2007 and other relevant rules, regulations and act apply to all insiders.

11. REVIEW OF POLICY

This Policy has been approved by the Board and is made available for reference in LBGB’s corporate website and internal computer network system.

This Policy shall be reviewed by the Board once in every two years and updated whenever necessary to ensure its effective implementation. Any subsequent amendments to the Policy should be approved by the Board.

Conflict of Interest

Erfan Sakib on December 16, 2024

1. INTRODUCTION

LBS Bina Group Berhad (“LBGB” or “Company”) and its subsidiaries (“LBGB Group”) is committed to upholding the highest ethical standards and integrity in its business operation by complying with all applicable laws, regulations and/or standards in the jurisdictions, where LBGB Group operates. In line with this commitment, LBGB Group has adopted a comprehensive Conflict of Interest (“COI”) Policy (“Policy”) to assist the Directors and Key Senior Management (“KSM”) of LBGB Group in recognising and managing any potential COI that may arise, thereby protecting the interest of LBGB Group.

2. OBJECTIVE

The objectives of this Policy are among others to:

a. ensure that all actual, potential and perceived COI are identified and managed effectively.

b. provides guidance on how to identify, manage and disclose the COI or potential COI situations as they arise within LBGB Group, as well as outlining the measures to resolve, eliminate or mitigate such conflicts to minimise risks of bribery and corruption as part of the Anti-Bribery and Corruption Policy; and

c. ensure that business decisions are made in the best interest of LBGB Group and are protected from any consequential damage to its activities and reputation.

3. SCOPE

This Policy applies to all Directors and KSM of LBGB Group. This Policy applies whenever an individual recognises or should reasonably recognise, that a conflict of interest may arise from the activities undertaken by the respective individuals. The scope of this Policy should be read in conjunction with the all relevant and applicable laws and regulations as well as policies of LBGB Group, including but not limited to the followings:

a. Regulations:

i. Companies Act, 2016;

ii. Main Market Listing Requirements of Bursa Malaysia Securities Berhad;

iii. Malaysian Code on Corporate Governance;

iv. Bursa Malaysia Corporate Governance Guide; and

v. Whistleblower Protection Act 2010.

b. Internal policies:

i. Anti-Bribery and Corruption Policy;

ii. Board Charter;

iii. Directors’ Code of Ethics;

iv. Gift, Entertainment & Hospitality Policy; and

v. Donations and Sponsorships Policy.

4. DEFINITIONS

“Interest” means any rights or benefits, whether direct or indirect, financial or non-financial, beneficial, legal or otherwise of a person.

“Conflict of Interest” means when a Director’s or KSM’s own interests either influence, have the potential to influence, or are perceived to influence their decision making at LBGB Group.

“Key Senior Management” means a person who is primarily responsible for the business operations of the LBGB’s core business and principal subsidiaries.

5. Identification of Conflict of Interest Circumstances and Situations

A COI situation arises when a Director and KSM’s ability to carry out their duties and responsibilities is compromised or potentially compromised by personal interests, and considerations. This personal interest is not limited to direct financial interest but also includes indirect financial interest, non-financial interest (e.g. arising from family, business or professional interests and relationships), or competing loyalties or interests.

Generally, COI may be described under the following, the list is not exhaustive:

a. Equity ownership in companies having a business relationship with LBGB Group

Director or KSM who has ownership of shares in privately-owned companies having a business relationship with LBGB Group, either directly or indirectly (e.g., through a family member). However, this does not extend to shares held in publicly quoted companies
that have a business relationship with LBGB Group unless such holdings are deemed material and could potentially impair their objectivity.

b. Having interest in Person, Entity or Contract that has dealing with LBGB Group

Any direct or indirect financial or other interest in a person, entity, or contract that has dealings with LBGB Group, where such interest could influence or potentially influence decisions regarding LBGB Group’s dealings with said person, entity or contract.

c. Having interest in Person, Entity or Contract of a Competitor of LBGB Group

Any direct or indirect financial or other interest in a person, entity, or contract that has dealings with the competitor of LBGB Group, where such interest could influence or potentially influence the decision of such Director or KSM.

d. Other employment, business appointments or undertakings

Director or KSM hold other part time employment or have other business appointments, opportunities or undertakings which may interfere with the proper discharge of official duties in LBGB Group, resulting in a negative impact on their performance or give rise to
COI or potential COI with regards to their employment.

e. Personal relationships

A COI will arise if a family member of a Director or KSM has a reporting relationship with the particular Director or KSM. A conflict of interest would also arise if a Director or KSM has a family member with an interest (e.g. in the form of ownership, directorships, partnerships, employment, etc.) in entities which have a contractual arrangement with LBGB Group.

f. Contractual dealings with Director or KSM

LBGB Group purchases or leases of property, equipment, materials, etc from Directors or KSM, or enters into contractual arrangements with Directors or KSM (other than employment contracts). Such situations give rise to a conflict of interest and should be
declared.

For the purpose of this Policy, “Family Member” refers the Director or KSM’s spouse, parents, child (including adopted child and step child), brother, sister and the spouse of the Director’s or KSM’s child, brother or sister.

Further examples are listed in Appendix A.

6. RESPONSIBILITIES

All Directors and KSM are responsible for identifying and managing COI on an ongoing basis and are required to:

a. adhere with this Policy and other relevant applicable policies and guidelines regarding the identification, documentation, escalation and management of COI;

b. act with objectivity, integrity and independence, and exercise sound judgement and discretion;

c. avoid, wherever possible, situations that may lead to COI as outlined in this Policy; and

d. immediately declare any COI in accordance with this Policy, refrain from participating in the decision-making process including discussion and voting on such contract or proposed contract, and not attempt to influence such decisions thereafter.

7. DECLARATION OF COI

Any situation in which a Director or KSM having an interest, whether direct or indirect, actual or potential, in any significant transaction or arrangement involving LBGB Group, or who holds an office or possessing any property where duty and interests as Director or
KSM may create conflict with their duties or interests within LBGB Group, shall promptly declare these facts upon becoming aware of it. He or she shall declare the nature, character and extent of the COI by completing the COI Declaration Form (Appendix B) of
the existence of the actual or potential COI.

If a Director or KSM is unsure whether they have a COI, they should as soon as practicable consult the Company Secretary or the Group Compliance.

8. MANAGEMENT OF COI

The completed COI Declaration Form shall be escalated to the Company Secretary and Audit Committee (“AC”). The AC will then review and report any COI situations to the Board of Directors of LBGB, along with the measures taken to resolve, eliminate, or mitigate such conflicts, as well ensure relevant disclosures are properly made.

The Board may implement appropriate measures to manage COI, including but not limited to the following:

a. requiring Director and KSM of LBGB Group to promptly and regularly declare any COI;

b. restricting the participation of individuals with COI in relevant board, committee or general meetings, requiring them to abstain or recuse themselves from deliberation and voting on matters related to the conflicts;

c. conducting an assessment of COI during annual performance appraisal and prior to new appointments;

d. executing non-disclosure or confidentiality agreements to safeguard confidential and proprietary information or trade secrets;

e. preventing Director and KSM from engaging in businesses that compete with LBGB Group; and

f. in cases where COI significantly impacts the performance of Director or KSM, requiring them to divest the COI or consider resigning from LBGB Group. Given the significance of the COI and potential ramifications of a failure to handle the conflict properly, Directors should consider whether to inform the Board not to send them board papers relating to the resolution.

9. MONITORING AND RECORDING OF COI SITUATIONS

The identification and management of COI should be subject to periodic review by the AC for conflicted Directors and KSM, in response to any changes in circumstances. Upon receiving the COI Declaration Form, the AC shall review the actions taken to address the conflict and decide, on a case-by-case basis whether such actions are appropriate and/or sufficient.

The Company Secretary shall be responsible for recording all COI declared by Directors and KSM. Information regarding these COI shall be made available to Directors and persons duly authorised by Directors in writing upon request.

A quarterly summary report shall be provided to the AC and the Board, detailing the COI declared during the quarter.

10. CONSEQUENCES OF NON-COMPLIANCE

LBGB Group regards conflict of interest as a serious matter. Failure to disclose a conflict of interest, provide comprehensive and accurate information about the conflict, or appropriately manage the conflict is considered a breach of this Policy. Non-compliance may result in disciplinary action, including termination of employment, as well as potential legal actions against such person in the interest of LBGB Group.

11. REVIEW OF POLICY

This Policy has been approved by the Board and is made available for reference in the LBGB’s corporate website and internal computer networking system.

LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD SHAREHOLDERS

Media Team on November 29, 2024

29 November 2024

ENG

FOR IMMEDIATE RELEASE

LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD SHAREHOLDERS

Q3FYE2024 revenue of RM377.4 million, PATMI of RM164.5 million
One-off gain after tax of RM136.9 million from the disposal of investment
Declaration of a special dividend of 2.6 sen per share

Petaling Jaya, 29 November 2024 – LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, announced its unaudited financial results for the third quarter ended 30 September 2024 today.

Under continuing operations, the Group’s profit after tax and non-controlling interests (“PATMI”) surged four-fold to RM164.5 million, due to the one-off gain after tax of RM136.9 million from the disposal of its investment in Zhuhai International Circuit Ltd (“ZICL”) which has significantly boosted the bottom line. The disposal of ZICL that unlocked the inherent value of the land, has not only strengthened LBS’ financial position, but also enabled the Group to focus on long-term value creation.

In light of the one-off gain, coupled with the Group’s dedication to maximise shareholders’ value and deliver consistent returns, LBS has announced a special dividend of 2.6 sen per share, which is payable on 30 December 2024. This represents a payout ratio of 30% of the gain after tax on the disposal of ZICL.

To sustain the growth momentum of its property development segment, LBS unveiled the 315-acre Rimbawan Township in October this year. Located in Genting Highlands, the township is projected to deliver a gross development value (“GDV”) of over RM9.5 billion. Concurrently, the Group successfully launched its first high-rise residential project within Rimbawan, named Bayu Hills serviced apartments, which comprises 642 residential units with a GDV of RM453 million.

LBS Group Executive Chairman Tan Sri Dato’ Sri Ir (Dr) Lim Hock San said, “We are pleased to declare a special dividend, which affirms our continued dedication to enhance shareholders’ value through the strategic disposal of ZICL. At the same time, we are excited for the upcoming project launches and the Rimbawan township, unveiled in October, which are set to drive performance and support long-term growth. While achieving our sales target this year presents challenges, we remain confident in our strategy and optimistic about prospects. Our well-received affordable township, KITA @ Cybersouth and the high-demand Alam Perdana Central Hub have driven total sales of RM1.2 billion as at 28 November 2024, positively contributing to future earnings.”

Additionally, LBS has continued to demonstrate its commitment to ESG. In October 2024, the Group made significant progress in the Corporate Green Power Programme, appointing Solarvest Holdings Berhad as the engineering, procurement, construction and commissioning contractor for a 43-MWp solar farm in Senawang, Negeri Sembilan. In November 2024, the Group entered into a memorandum of understanding with Invest Sabah Berhad, Sabah Forestry Development Authority, and Midwest Green Sdn Bhd to develop a solar and wind powered green hydrogen production facility and a potential green industrial park in Kota Marudu, Sabah. The facility aims to produce 10GW and generate over 250,000 tonnes of green hydrogen annually, covering a site area of 15,000 to 30,000 acres.

~End~

FOR IMMEDIATE RELEASE

LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD SHAREHOLDERS

Q3FYE2024 revenue of RM377.4 million, PATMI of RM164.5 million
One-off gain after tax of RM136.9 million from the disposal of investment
Declaration of a special dividend of 2.6 sen per share

~End~

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 1)

Mannju on November 23, 2024

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 1)

Don’t miss this insightful discussion aimed at helping you make the most of your journey here. Be sure to like, comment, and subscribe to stay tuned for more episodes of Serious Arr!

Subscribe for monthly episodes featuring interviews and roundtable discussions!

Investing In Bayu Hills For Long-Term Gains

Mannju on November 23, 2024

Located in the serene, eco-conscious town of Rimbawan at Genting Highlands, Bayu Hills is a high-rise residential development by LBS that presents an investment opportunity.

Here are several reasons why purchasing a property in Bayu Hills is a smart investment for both rental opportunities and future capital appreciation.

1. Cool, Fresh Weather Year-Round

Rimbawan is located at 821 metres above sea level, the area offers an escape from the hot and humid weather. Residents of Bayu Hills will enjoy year-round cool temperatures. This is not only a great lifestyle benefit but also a strong selling point for potential renters or Airbnb guests seeking a getaway in a refreshing, peaceful location.

2. Future Development & Business Opportunities

Genting Highlands is not just a tourist hotspot; it is a rapidly developing area with immense growth potential. With LBS’ vision for Rimbawan, future developments are expected to bring more working opportunities, business growth, and a wide range of services.

Several new commercial and business hubs are being planned, which will attract professionals and entrepreneurs to the area. As more businesses set up in the region, the demand for high-quality residential properties like Bayu Hills will increase.

3. Entertainment and Leisure Expansion

Genting Highlands has long been a well-known entertainment destination, home to a world-class resort, casinos, theme parks, dining spots, shopping options and more to come!

For investors, this means that Bayu Hills will likely see increasing demand not only from tourists but also from locals who wish to live close to the vibrant and exciting activities of Genting Highlands. As more facilities and attractions are built, the potential for both short-term rentals and long-term investments in properties like Bayu Hills grows stronger.

4. Eco-Conscious Living

As an eco-conscious development, the project is designed with sustainability at its core. This makes it an attractive choice for environmentally conscious residents and tourists.

Investors will benefit from the increasing demand for sustainable living spaces as more people look for eco-friendly options. In addition, the town’s commitment to preserving the natural environment enhances the overall appeal of the development, positioning Bayu Hills as a premium property in the region.

Bayu Hills offers more than just a home; it represents a wise investment in the heart of a rapidly growing region. With its cool weather, expanding rental opportunities, proximity to future developments in business, healthcare, education, and entertainment, this is a project designed to thrive in the long term.

Whether you are looking to rent out the property through Airbnb, lease it to long-term tenants, or hold it for future appreciation, Bayu Hills stands as an excellent asset to secure your financial future.

As the development of Genting Highlands continues to unfold, the value of Bayu Hills is expected to rise, making it a smart investment for today’s savvy investor. Do not miss the opportunity to be part of this exciting new chapter in the region’s growth.

To know more about Rimbawan or Bayu Hills, kindly visit:https://lbsrimbawan.com.my/

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LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

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LBS Sports Day 2024 Highlights

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 2)

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 2)

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LBS’ Q3FYE2024 EARNINGS SURGED DRIVEN BY GAIN FROM DISPOSAL, DECLARES SPECIAL DIVIDEND TO REWARD SHAREHOLDERS

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 1)

Serious Arr Episode 1 : HR Guide to Thriving at LBS (Part 1)

Investing In Bayu Hills For Long-Term Gains

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No.	NAMA
1.	ARISTA AINI BINTI MISTAR
2.	AHMAD FIRDAUS AD’NIN BIN RAMLI
3.	DIDI EISMANTO BIN SUALMAN
4.	NORASLINDA BINTI MAZLAN
5.	LIM LEE YO
6.	NURUL FATERA BINTI SUFRI
7.	KEE MIH CHIAN @ KER MIH CHIAN
8.	MAENAGA GHANDHI A/P SUPPERMANIAM