Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 26 Feb 2021
Category: General Announcement for PLC
Reference Number: GA1-25022021-00214
Subject: MEMORANDUM OF UNDERSTANDING
Description:
KOBAY TECHNOLOGY BHD (“KOBAY” OR “COMPANY”)
MEMORANDUM OF UNDERSTANDING
On behalf of the Board of Directors of Kobay (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that the Company (“Purchaser”) had on 26 February 2021 entered into a memorandum of understanding (“MOU”) with Lim Beng Cheong and Chong Huei Shin (collectively referred to as “Vendors”) in relation to the proposed acquisition of 70% equity interest in the following companies:
(i) Galaxis Pharma Sdn Bhd;
(ii) Galaxis Healthcare Sdn Bhd;
(iii) Avelon Healthcare Sdn Bhd;
(iv) Avelon Arise Sdn Bhd; and
(v)Arise Healthcare Sdn Bhd
(collectively referred to as “Target Companies”) (“Proposed Acquisition”).
Please refer to the attachment for further details.
This announcement is dated 26 February 2021.
Attachments :
Kobay Technology Bhd – MOU Announcement (26.2.2021).pdf