TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS KOBAY TECHNOLOGY BHD. (“KOBAY” OR “THE COMPANY”) PROPOSED PRIVATISATION OF 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: 23 Mar 2012
Category: General Announcement
Reference Number: OI-120323-62911

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

PROPOSED PRIVATISATION OF 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”)

The terms used herein shall, unless otherwise stated, bear the same meaning as those defined in the announcement dated 22 March 2012 in relation to the Proposed SCR.
We refer to the announcement dated 22 March 2012 in relation to the Proposed SCR (“Initial Announcement”) and wish to highlight that any cash advanced to Lipo pursuant to the Proposed SCR as set out in Section 2.3 of the Initial Announcement, if required, would be funded via internally generated funds of Kobay.

This announcement is dated 23 March 2012.