TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS Proposed acquisition of (i) equity interest in Kobay SCM (S) Pte Ltd by Lipo Corporation Sdn. Bhd. (ii) additional equity interest in Microhandling Asia Pte. Ltd. by Kobay SCM (S) Pte. Ltd.

By June 2, 2016 Bursa 2016

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 02 Jun 2016
Category: General Announcement for PLC
Reference Number: GA1-02062016-00052

Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description: Proposed acquisition of
(i) equity interest in Kobay SCM (S) Pte Ltd by Lipo Corporation Sdn. Bhd.
(ii) additional equity interest in Microhandling Asia Pte. Ltd. by Kobay SCM (S) Pte. Ltd.

The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that on 1 June 2016, Kobay’s wholly owned subsidiary, Lipo Corporation Sdn. Bhd. (Company no. 491485-V)(“Lipo”) and its 60% owned subsidiary, Kobay SCM (S) Pte. Ltd. (Company No.: 200912806D)(“KSCM”) have entered into a Sale of Shares Agreement (“the Agreement” or “SSA”) with Mr. Chai Meng Meng (“Chai”) to acquire his 4,000 ordinary shares represents 40% equity interest in KSCM for a cash consideration of SGD280,000-00 (Singapore Dollar: Two Hundred and Eighty Thousand Only) (“KSCM Purchase Price”) and 1,000 ordinary shares represents 0.2% equity interest in Microhandling Asia Pte. Ltd. (Company No.: 200806413H) (“MHA”) for a cash consideration of SGD1-00 (Singapore Dollar: One Only) (“MHA Purchase Price”) (hereinafter referred to as “Proposed Acquisition”).

This announcement is dated 2 June 2016.

Attachments :
Proposed Acquisition of equity interest in KSCM and MHA.pdf

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