Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 31 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-31122015-00056
Description: Additional Information in relates to Unusual Market Activity Reply on 23 October 2015
Further to our reply dated 23 October 2015 on Unusual Market Activity to Bursa Malaysia Securities Berhad (ref.: IQL-23102015-00001), the Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that on 29 December 2015, the Company received the written confirmation from the Solicitors that the negotiation on the proposed disposal of the Company’s 1.54 acres land in Penang was aborted as both parties did not reach a consensus pertaining the terms of the sale and purchase. There is no financial impact to Kobay in relates to the abortion.
This announcement is dated 31.12.2015.