Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 02 Apr 2021
Category: General Announcement for PLC
Reference Number: GA1-02042021-00087
Type: Announcement
Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description: Proposed Acquisition of Additional Equity Interest in Kobay UA Sdn. Bhd.
The Board of Directors of Kobay Technology Bhd (“Kobay”) wishes to announce that on 2 April 2021, Kobay had acquired the remaining 50% of equity interest in Kobay UA Sdn. Bhd. (“Kobay UA”) from Mr. Koay Wei Keong, consisting of 750,000 ordinary shares for a cash consideration of RM750,000.00 (hereinafter referred to as “Proposed Acquisition”). Upon the completion of the Proposed Acquisition, Kobay UA will become a 100% wholly-owned subsidiary of Kobay.
The detail announcement is herein attached.
This announcement is dated 2 April 2021.
Attachments :
Bursa Announcement_Proposed Acquisition of Equity Interest in Kobay UA.pdf