ENRA Group Berhad Proposes Renewal of Shareholders’ Mandate for Recurrent Related Party Transactions

Key Points of the Report

• ENRA Group Berhad will be seeking shareholder approval for the renewal of a mandate allowing the company and its subsidiaries to enter into recurrent related party transactions (RRPT) of a revenue or trading nature.
• The resolution will be tabled as Special Business at ENRA’s 34th Annual General Meeting, scheduled for 15 September 2026 at Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Kuala Lumpur.
• The RRPTs are necessary for ENRA’s day-to-day operations and are conducted in the ordinary course of business. They must be transacted at arm’s length, on commercial terms not more favorable to related parties than to the public.
• The renewal mandate, if approved, will be effective until the next AGM, and can be renewed annually thereafter.
• Disclosure on RRPTs will be made in ENRA’s annual report, including types of transactions, related parties involved, and their relationships with ENRA Group.

Details of the Proposed Mandate

• The RRPTs involve several subsidiaries of ENRA, including:
  • Hexagon Energy Logistics Sdn. Bhd. (HEL)
  • ENRA SPM Sdn. Bhd. (ENRA SPM)
  • ENRA SPM Labuan Limited (ESPML)
  • Hamptons Avantex Property Sdn. Bhd. (HAP)
  • Hamptons Homes Sdn. Bhd. (HHSB)
• Key Related Parties:
  • Banner SPM Terminals Pty Ltd (BSPMT): Manufacturer and operator of SPM system owned by ESPML. BSPMT owns 40% of ENRA SPM, and Tan Kee Ju is a shareholder and director.
  • Avantex Project Sdn. Bhd. (AVP): Provides consultancy and project management services for ENRA Group’s property development projects. Lim Chin Aik and Yoon Lai Chong are shareholders and directors of AVP, and major shareholders/directors of HAP and directors of HHSB.
• Transaction Values:
  • Provision of operation and maintenance services for SPM system by BSPMT: Estimated value USD2,010,000 (RM8,180,700) for the upcoming mandate period.
  • Provision of general work for SPM decommissioning, commissioning, modification, and fabrication by BSPMT: Estimated value USD22,602,000 (RM91,990,140).
  • Consultancy and project management services by AVP: Estimated value RM850,000.
• Actual values transacted since last AGM to latest practicable date (30 June 2026) are disclosed, and new estimates provided for upcoming period.
• Review procedures for RRPTs are robust, involving quarterly review by Audit, Risk Management and Sustainability Committee (ARMSC), abstention from voting by interested directors/shareholders, and comparison with unrelated third-party transactions.
• If the actual value of any RRPT exceeds the estimated value by 10% or more, immediate announcement will be made to Bursa Malaysia.

Potential Price-Sensitive Information for Shareholders

• Operational Continuity: The RRPTs with BSPMT are critical as BSPMT is the manufacturer and most familiar with the SPM asset owned and operated by ESPML. Stability, quality, and consistency of SPM operations are key to ENRA Group’s marine logistics business.
• Property Development: AVP’s involvement as an experienced project manager and consultant ensures that ENRA’s property projects are delivered efficiently, within budget and timeframe.
• Materiality: The RRPTs represent large values in USD and RM, indicating significant operational and financial impact. Any disruption or change in these relationships could materially affect ENRA’s earnings and share price.
• Governance: Stringent review and approval processes are in place, including quarterly oversight and annual disclosure, to protect minority shareholders and ensure fair terms.
• No Material Litigation or Contracts: As at the latest practicable date, ENRA and its subsidiaries are not involved in any material litigation or contracts outside the ordinary course of business, reducing legal risk.
• Shareholder Action: Shareholders are entitled to attend and vote at the AGM. Interested parties (directors, major shareholders, and persons connected) will abstain from voting on the RRPT mandate resolution, ensuring unbiased approval.
• Financial Effects: The renewal of the mandate is not expected to have any material effect on ENRA’s issued share capital, substantial shareholdings, net assets per share, or earnings per share.
• Validity: If approved, the mandate will be valid until the next AGM or earlier if revoked or varied, and must be renewed annually.

Why This News May Move ENRA’s Share Price

• Approval of the RRPT mandate ensures operational continuity in ENRA’s marine logistics and property development businesses, which are revenue-generating and core to ENRA’s financial performance.
• Disclosure of large value RRPTs highlights ENRA’s reliance on key related party relationships. Any changes, disruptions, or controversies in these relationships may materially affect ENRA’s share price.
• The annual renewal process and enhanced governance provide assurance to minority shareholders, potentially boosting investor confidence.
• No material litigation or adverse contracts as of the reporting date reduces downside risk.

Important Dates for Shareholders

• Last day and time for lodging proxy form: Sunday, 13 September 2026 at 10:00 a.m.
• Date and time of AGM: Tuesday, 15 September 2026 at 10:00 a.m.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should independently assess all information and consult financial advisors before making investment decisions. The information is accurate as of the reporting date but may be subject to change.

Versi Bahasa Malaysia

ENRA Group Berhad Cadang Pembaharuan Mandat Pemegang Saham untuk Urus Niaga Pihak Berkaitan Berulang

Perkara Utama Laporan

• ENRA Group Berhad akan memohon kelulusan pemegang saham untuk memperbaharui mandat yang membenarkan syarikat dan subsidiarinya menjalankan urus niaga pihak berkaitan berulang (RRPT) yang bersifat hasil atau dagangan.
• Resolusi ini akan dibentangkan sebagai Urusan Khas pada Mesyuarat Agung Tahunan ke-34 ENRA pada 15 September 2026 di Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Kuala Lumpur.
• RRPT adalah penting untuk operasi harian ENRA dan mesti dijalankan pada harga pasaran, terma komersial yang tidak lebih menguntungkan pihak berkaitan berbanding awam.
• Mandat ini, jika diluluskan, akan berkuat kuasa sehingga AGM seterusnya dan boleh diperbaharui setiap tahun.
• Pendedahan mengenai RRPT akan dibuat dalam laporan tahunan ENRA termasuk jenis urus niaga, pihak berkaitan dan hubungan mereka dengan ENRA Group.

Butiran Mandat yang Dicadangkan

• RRPT melibatkan beberapa subsidiari ENRA, seperti:
  • Hexagon Energy Logistics Sdn. Bhd. (HEL)
  • ENRA SPM Sdn. Bhd. (ENRA SPM)
  • ENRA SPM Labuan Limited (ESPML)
  • Hamptons Avantex Property Sdn. Bhd. (HAP)
  • Hamptons Homes Sdn. Bhd. (HHSB)
• Pihak Berkaitan Utama:
  • Banner SPM Terminals Pty Ltd (BSPMT): Pengilang dan pengendali sistem SPM milik ESPML. BSPMT memegang 40% ENRA SPM dan Tan Kee Ju ialah pemegang saham dan pengarah.
  • Avantex Project Sdn. Bhd. (AVP): Menyediakan khidmat perundingan dan pengurusan projek untuk pembangunan hartanah ENRA. Lim Chin Aik dan Yoon Lai Chong ialah pemegang saham dan pengarah AVP, serta pemegang saham utama/pengarah HAP dan pengarah HHSB.
• Nilai Urus Niaga:
  • Khidmat operasi dan penyelenggaraan sistem SPM oleh BSPMT: Nilai anggaran USD2,010,000 (RM8,180,700).
  • Kerja umum untuk SPM oleh BSPMT: Nilai anggaran USD22,602,000 (RM91,990,140).
  • Khidmat perundingan dan pengurusan projek oleh AVP: Nilai anggaran RM850,000.
• Nilai sebenar urus niaga sejak AGM lalu hingga tarikh praktikal terakhir (30 Jun 2026) didedahkan, dan anggaran baharu diberikan untuk tempoh akan datang.
• Prosedur semakan RRPT adalah ketat, termasuk semakan suku tahunan oleh Audit, Risk Management and Sustainability Committee (ARMSC), pengecualian pengarah/pemegang saham berkepentingan dari pengundian, dan perbandingan dengan urus niaga pihak ketiga.
• Jika nilai sebenar mana-mana RRPT melebihi anggaran sebanyak 10% atau lebih, pengumuman segera akan dibuat kepada Bursa Malaysia.

Maklumat Berpotensi Sensitif untuk Pemegang Saham

• Keterusan Operasi: RRPT dengan BSPMT sangat penting kerana BSPMT adalah pengilang dan paling mahir dengan aset SPM milik ESPML. Kualiti, konsistensi dan kestabilan operasi SPM adalah kunci kepada perniagaan logistik marin ENRA Group.
• Pembangunan Hartanah: Penglibatan AVP sebagai pengurus projek berpengalaman memastikan projek hartanah ENRA disiapkan secara efisien, dalam bajet dan masa yang ditetapkan.
• Materialiti: RRPT melibatkan nilai besar dalam USD dan RM, menunjukkan impak operasi dan kewangan yang signifikan. Sebarang gangguan atau perubahan dalam hubungan ini boleh menjejaskan pendapatan dan harga saham ENRA.
• Tadbir Urus: Proses semakan dan kelulusan yang ketat, termasuk semakan suku tahunan dan pendedahan tahunan, melindungi pemegang saham minoriti dan memastikan terma yang adil.
• Tiada Litigasi atau Kontrak Material: Sehingga tarikh praktikal terakhir, ENRA dan subsidiarinya tidak terlibat dalam litigasi atau kontrak material di luar urusan biasa, mengurangkan risiko undang-undang.
• Tindakan Pemegang Saham: Pemegang saham berhak hadir dan mengundi di AGM. Pihak berkepentingan (pengarah, pemegang saham utama, dan pihak berkaitan) akan mengecualikan diri dari undian resolusi RRPT, memastikan kelulusan tidak berat sebelah.
• Kesan Kewangan: Pembaharuan mandat tidak dijangka memberi kesan material kepada modal diterbitkan, pegangan saham utama, aset bersih setiap saham atau pendapatan setiap saham ENRA.
• Tempoh Sah: Jika diluluskan, mandat sah sehingga AGM berikutnya atau sehingga dibatalkan/diubah, dan mesti diperbaharui setiap tahun.

Mengapa Berita Ini Boleh Menggerakkan Harga Saham ENRA

• Kelulusan mandat RRPT memastikan keterusan operasi dalam perniagaan logistik marin dan pembangunan hartanah ENRA, yang menjana hasil dan utama kepada prestasi kewangan ENRA.
• Pendedahan nilai besar RRPT menonjolkan kebergantungan ENRA kepada hubungan pihak berkaitan utama. Sebarang perubahan atau kontroversi boleh menjejaskan harga saham ENRA.
• Proses pembaharuan tahunan dan tadbir urus yang dipertingkatkan memberi jaminan kepada pemegang saham minoriti, berpotensi meningkatkan keyakinan pelabur.
• Tiada litigasi atau kontrak material setakat tarikh laporan mengurangkan risiko penurunan harga saham.

Tarikh Penting untuk Pemegang Saham

• Tarikh akhir dan masa untuk menghantar borang proxy: Ahad, 13 September 2026 jam 10:00 pagi
• Tarikh dan masa AGM: Selasa, 15 September 2026 jam 10:00 pagi

Penafian

Artikel ini adalah untuk tujuan maklumat sahaja dan tidak merupakan nasihat pelaburan. Pelabur hendaklah menilai maklumat secara bebas dan mendapatkan nasihat kewangan sebelum membuat keputusan pelaburan. Maklumat adalah tepat pada tarikh laporan tetapi mungkin tertakluk kepada perubahan.

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