OTHERS Completion of 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 September 2, 2016 Bursa 2016

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 02 Sep 2016
Category: General Announcement for PLC
Reference Number: GA1-02092016-00032

Type: Announcement
Subject: OTHERS
Description:Completion of 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.

Further to the announcements made on 2 June 2016 (reference number : GA1-02062016-00052) and on 18 June 2016 (reference number : GA1-19082016-00062) by Kobay Technology Bhd. (“Kobay”) respectively, the Board of Kobay wishes to announce that on 30 August 2016, both transactions have been completed.

Lipo Corporation Sdn. Bhd. (“Lipo”), the wholly owned subsidiary of Kobay is now holding the entire equity interest in Kobay SCM (S) Pte. Ltd. (Company No.: 200912806D)(“KSCM”) and in turn, Microhandling Asia Pte. Ltd. (Company No.: 200806413H) is now the wholly owned subsidiary of KSCM.

This announcement is dated 2 September 2016.

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