Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 31 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-31122015-00040
Description: PROPERTY DISPOSAL BY WHOLLY OWNED SUBSIDIARY
Further to our announcement dated 29 December 2015 with reference : GA1-29122015-00077, the Board of Directors of Kobay Technology Berhad (“Kobay” or “the Company”) wishes to furnish additional information as listed below :-
1) Name of Directors and Major Shareholders of TopFur Dressing Industries Sdn. Bhd.are :-
Name of Director
Cheong Fone Meng (Malaysian Chinese)
Yam Kam Wah (Foreign Chinese)
2) The disposal price of RM 57 per square foot was derived after taking into the following consideration :-
(a)The value transacted for industrial properties in Ulu Kinta during the period 2012-2014 were ranging from RM34-52 per square foot; and
(b) Indicative price of RM7million verbally obtained from a valuer based on time adjustment on the Property valued by the firm in year 2004.
This announcement is dated 31 December 2015.