OTHERS Proposed acquisition of additional equity interest in Micro Surface Treatment Sdn. Bhd. by Lipo Corporation Sdn. Bhd.

By January 5, 2018 Bursa 2018

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 05 Jan 2018
Category: General Announcement for PLC
Reference Number: GA1-05012018-00057

Type: Announcement
Subject: OTHERS
Description: Proposed acquisition of additional equity interest in Micro Surface Treatment Sdn. Bhd. by Lipo Corporation Sdn. Bhd.

The Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that on 5 January 2018, Kobay’s wholly owned subsidiary, Lipo Corporation Sdn. Bhd. (Company no. 491485-V) has entered into a Share Sale Agreement with Ms. Wong Siew Tian, a minority shareholder of Micro Surface Treatment Sdn. Bhd. (Company No. 549153-X) (“MST”), to acquire her entire equity interest of 2% in MST consisting of 5,000 ordinary issued shares for a total purchase consideration of RM66,689.78 (hereinafter referred to as “Proposed Acquisition”).

Kindly refer to the attachment for further details.

This announcement is dated 5 January 2018.

Attachments :
Proposed Acquisition of Equity Interest in MST.pdf

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