TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS KOBAY TECHNOLOGY BHD. (“KOBAY” OR “THE COMPANY”) PROPOSED PRIVATISATION OF A MAJOR SUBSIDIARY, LIPO CORPORATION BERHAD (“LIPO”) BY WAY OF A PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 TO BE UNDERTAKEN BY LIPO (“PROPOSED SCR”)

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 9 May 2012
Category: General Announcement
Reference Number: OI-120509-65311

Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description:
KOBAY TECHNOLOGY BHD. (“KOBAY” OR “THE COMPANY”)

PROPOSED PRIVATISATION OF A MAJOR SUBSIDIARY, LIPO CORPORATION BERHAD (“LIPO”) BY WAY OF A PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE UNDER SECTION 64 OF THE COMPANIES ACT, 1965 TO BE UNDERTAKEN BY LIPO (“PROPOSED SCR”)

We refer to the announcements made by OSK Investment Bank Berhad (“OSK”), on behalf of the Board of Directors of Kobay (“Board”) on 22 March 2012 and 23 March 2012.
In connection to the circular to shareholders of Kobay dated 30 April 2012, on behalf of the Board, OSK wishes to highlight the following additional updates and disclosures to the Circular which is attached below.

This announcement is dated 9 May 2012.

Attachments :
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