Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 11 Nov 2021
Category: General Announcement for PLC
Reference Number: GA1-11112021-00038
Type: Announcement
Subject: NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description: KOBAY TECHNOLOGY BHD (“KOBAY” OR THE “COMPANY”)
PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE TOTAL NUMBER OF ISSUED SHARES OF KOBAY (EXCLUDING TREASURY SHARES) (“PROPOSED PRIVATE PLACEMENT”)
We refer to the Company’s announcements dated 5 November 2021 and 8 November 2021 in relation to the Proposed Private Placement. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board, RHB Investment Bank Berhad (“RHBIB”) wishes to announce that Bursa Securities had, vide its letter dated 10 November 2021 (which was received on 11 November 2021), approved the listing and quotation of up to 30,628,080 Placement Shares to be issued pursuant to the Proposed Private Placement on the Main Market of Bursa Securities, subject to the following conditions:
i) Kobay and RHBIB must fully comply with the relevant provisions under the Main Market Listing Requirements (“Listing Requirement”) of Bursa Securities pertaining to the implementation of the Proposed Private Placement;
ii) Kobay and RHBIB to inform Bursa Securities upon the completion of the Proposed Private Placement;
iii) Kobay and RHBIB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Private Placement is completed;
iv) Kobay/ RHBIB must submit to Bursa Securities with details of the placees in accordance with Paragraph 6.15 of the Listing Requirements as soon as practicable after each tranche of placement and before listing of the new shares to be issued pursuant to the Proposed Private Placement; and
v) In the event the Proposed Private Placement is not completed before the next Annual General Meeting, Kobay to furnish a certified true copy of the resolution passed by Kobay’s shareholders for a general mandate under Sections 75 & 76 of the Companies Act, 2016 at the forthcoming Annual General Meeting.
This announcement is dated 11 November 2021.