Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 20 May 2021
Category: General Announcement for PLC
Reference Number: GA1-20052021-00059
Type: Announcement
Subject: OTHERS
Description: Proposed Acquisition of Property by Kobay UA Sdn. Bhd.
The Board of Directors of Kobay Technology Bhd. (“Kobay”or “the Company”) wishes to announce that Messrs. Kobay UA Sdn. Bhd. (Company No.: 201801046422 (1308454-A)), a wholly owned subsidiary of Kobay, had on 20 May 2021 entered into a Sale & Purchase Agreement to purchase all those piece of land measuring approximately 15.13 acres (658,971.3778 square feet) in area held under two (2) separate land titles identified as HS(D) 27773 (PT1358) and PN 12029 (Lot 6584) (formerly HS(D) 27774 (PT1360)), Mukim 1, District of Seberang Perai Tengah, State of Penang together with a single storey warehouse building bearing assessment address 3016, Tingkat Perusahaan 6, Kawasan Perusahaan Perai, 13600 Seberang Perai Tengah, Penang and other buildings erected thereon (hereinafter referred as “the Property”) from Messrs. Southern Steel Bhd. (Company No.: 196301000443 (5283-X)) for a purchase price of RM33,088,000.
The detail announcement is herein attached.
This announcement is dated 20 May 2021.
Please refer attachment below.
Attachments :
Kobay Announcement on Proposed Acquisition of Property by KUA.pdf