Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 06 Oct 2020
Category: General Announcement for PLC
Reference Number: GA1-05102020-00041
Subject: PROVISION OF FINANCIAL ASSISTANCE
Description: QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPHS 8.23(2)(e) OF THE MAIN MARKET LISTING REQUIREMENTS IN RELATION TO THE FINANCIAL ASSISTANCE PROVIDED BY KOBAY GROUP FOR THE FIRST QUARTER OF FINANCIAL YEAR ENDING 30 JUNE 2021
Pursuant to Paragraph 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Kobay Technology Bhd (“Kobay”) wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Kewjaya Sdn Bhd (Co. No. 576802-P) (“Kewjaya”), for the first quarter of financial year ending 30 June 2021, as set out in the annexure.
The Financial Assistance provided was in the ordinary course of business of Kewjaya as a licensed moneylender.
The Financial Assistance provided does not have any material effect on the earning per share, net assets per share and gearing of Kobay and its subsidiaries.
This announcement is dated October 6, 2020