Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 28 Oct 2021
Category: General Announcement for PLC
Reference Number: GA1-27102021-00097
Type: Announcement
Subject: OTHERS
Description: Completion of Proposed acquisition of Property by Kobay UA Sdn. Bhd.
Further to our announcement dated 20 May 2021 (Reference No. : GA1-20052021-00059), the Board of Directors of Kobay Technology Bhd. wishes to announce that the Sales and Purchase Agreement entered into for the 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 (hereinafter referred to as “the Proposed Acquisition”) for manufacturing of aluminium products supporting renewable energy industries, has been completed on 27 October 2021, as notified by our solicitors vide letter dated 27 October 2021.
This announcement is dated 28 October 2021.