TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED JOINT DEVELOPMENT AGREEMENT AND ARRANGEMENT AGREEMENT PROPOSED JOINT DEVELOPMENT AGREEMENT AND ARRANGEMENT AGREEMENT

By May 18, 2015 Bursa 2015

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18 May 2015
Category: General Announcement for PLC
Reference Number: GA1-18052015-00079

Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)NON RELATED PARTY TRANSACTIONS
Description: PROPOSED JOINT DEVELOPMENT AGREEMENT AND ARRANGEMENT AGREEMENT

The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that on 18 May 2015, Kobay Systems Sdn. Bhd. (Company No.:456157-P) (“KSys”), a wholly owned subsidiary company, has entered into a Joint Development Agreement (“JDA”) with Amir Bin Murad and Aimran Bin Amir for the development of Lot 57472, Mukim Batu, Kuala Lumpur, Wilayah Persekutuan held under Geran Mukim Hakmilik No. 9112 measuring approximately 0.6802 Hectare [equivalent to 1.681 acres or 73,216 square feet].

On the even date, KSys has entered into an Arrangement Agreement with Messsrs. G Capital Estates Sdn. Bhd. (6457-A)(hereinafter referred to as “the Arranger”), a Company that has initiated and negotiated the JDA, to lay down the Arranger’s entitlements.

The detail of announcement is herein attached.

This announcement is dated 18 May 2015.

Attachments :
JDA Announcement to Bursa (18May2015).pdf

error: Content is protected !!