Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 14 Sep 2015
Category: General Announcement for PLC
Reference Number: GA1-14092015-00093
Type: Announcement
Subject: OTHERS
Description: ACQUISITION OF A NEW SUBSIDIARY
The Board of Directors of Kobay Technology Bhd. (308279-A) (“Kobay”) is pleased to announce that Kobay has on 10 September 2015 acquired a new wholly owned dormant subsidiary company namely Kobay G Sdn. Bhd. (formerly known as MIHKOB Development Sdn. Bhd.) for a cash consideration of RM3,294/- only.
The new subsidiary company was incorporated on 17 November 2014 and is currently dormant. Its current authorized share capital is RM400,000/- comprising of 400,000 ordinary shares of RM1/- each of which RM2/- consisting of 2 ordinary shares of RM1/- each have been fully paid up.
The acquisition of new subsidiary company will not have any significant financial impact and material effect on the earnings, gearing, share capital and net tangible assets of Kobay group for the financial year ending 30 June 2016.
None of the directors or major shareholders of the Company or persons connected with them, has an interest, direct or indirect, in the said acquisition.
This announcement is dated 14 September 2015.