Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 08 Feb 2021
Category: General Announcement for PLC
Reference Number: GA1-29012021-00025
Subject: OTHERS
Description: PROPOSED GROUP REORGANIZATION VIA INTER-COMPANY ACQUISITION OF WHOLLY-OWNED SUBSIDIARY COMPANY
The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that Kobay has on 8 February 2021 undertake a group reorganization via inter-company’s acquisition of the 100% equity interest in Masset Capital Sdn Bhd (“Masset Capital”) (formerly known as Omni Value Chain Sdn Bhd) from Kobay Industries Sdn Bhd (“KISB”), a wholly-owned subsidiary at a net asset value of RM112,000.00 (“reorganization”).
The detail announcement is herein attached
This announcement is dated 8 February 2021
Attachments :
Bursa Announcement – Proposed Reorganization .pdf