Last updated on August 23, 2025
PETALING JAYA: Puncak Niaga Holdings Bhd, through its wholly owned subsidiary TRIplc Bhd, is divesting its entire equity interest in three dormant and loss-making subsidiaries for a total cash consideration of RM3, as part of its ongoing efforts to streamline operations and cut costs.
According to a filing with Bursa Malaysia, TRIplc will dispose of Layar Kekal (M) Sdn Bhd, Samasys Sdn Bhd, and Tirai Gemilang Sdn Bhd — each for RM1.
The three companies have remained inactive and posted consistent losses since their acquisition on May 31, 2018, at a purchase price of RM210 million, with a total investment cost of RM150 million.
“The board considers the RM1 sale price per company to be reasonable as it facilitates corporate restructuring and reduces annual statutory expenditure,” Puncak Niaga stated.
Audited financial results for the year ended Dec 31, 2024, show net losses of RM5.38 million, RM5.11 million, and RM5.30 million for Layar Kekal, Samasys, and Tirai Gemilang, respectively. Each company also recorded net liabilities of RM3,400.
The group explained the delay in announcing the disposals, noting that the stamped share sale agreements were only received late on July 30, 2025.
“Since stamping is necessary to formalise the agreements, the company made the announcement on the following market day, July 31, 2025. The brief delay also allowed for internal verification and ensured compliance with Bursa Malaysia’s Main Market Listing Requirements,” it added.
All three companies share the same directors: Rozali Ismail, Taufik Afendy Othman, Azlan Shah Rozali, Faridatulzakiah Bakhry, and Shahree Shamsuddin.
Audited financial statements for the years ended Dec 31, 2024, and May 31, 2018, are available for inspection at Puncak Niaga’s registered office in Shah Alam for three months from the date of this announcement.
