Category Archives: Bursa 2013

OTHERS Change of Equity Interests in Kobay Systems Sdn. Bhd.

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 27 Dec 2013
Category: General Announcement
Reference Number: KT-131227-64355

Type: Announcement
Subject: OTHERS
Description: Change of Equity Interests in Kobay Systems Sdn. Bhd.

The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that its equity participation in Kobay Systems Sdn. Bhd. (“KSys” or “the Company”) has been diluted from 100% to 70% arising from the latest shares allotment (hereinafter referred to as “change of equity interest”) on 26 December 2013.

Information on KSys

KSys was incorporated on 2 January 1998 as Unitedprise Sdn. Bhd.. It has changed its name to Kobay SCM Sdn. Bhd. on 19 December 2006 then subsequently on 7 March 2012 changed its name to Kobay Systems Sdn. Bhd.. Its current authorized capital is RM100,000 divided into 100,000 ordinary shares of RM1 each with its paid up capital of RM2 comprising of 2 ordinary shares of RM1 each. The Company is currently a dormant company. Based on the audited financial statements for the financial year ended 30 June 2013, the Company has recorded a loss of RM26,406 and the shareholders’ fund of the Company was – RM612,051.

With the allotment of additional 9,998 ordinary shares of RM1.00 each in KSys, Kobay has subscribed for 6,998 ordinary shares for a total cash consideration of RM6,998 and the other individual namely Ahmad Bin Hassan, a Malaysian Malay, has subscribed for the balance of the 3,000 ordinary shares.

As a result of the allotment, Kobay’s equity interest was diluted from 100% to 70%.

The subscription of 6,998 ordinary shares of RM1 each for a total cash consideration of RM6,998 will be funded from Kobay’s internally generated fund.

The change in equity interest is not expected to have material financial impact on the earning, gearing, share capital and net tangible assets of Kobay for the current financial year ending 30 June 2014.

None of the directors and major shareholders of Kobay group and/or any persons connected to them (as defined in Section 122A of the Companies Act, 1965) have any direct or indirect interests in the change of equity interest.

The Board, after due consideration of all aspects of the change of equity interest, is of the opinion that it is reasonable and is in the best interest of Kobay.

This announcement is dated 27 December 2013.

OTHERS ACQUISITION OF NEW SUBSIDIARY

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 26 Dec 2013
Category: General Announcement
Reference Number: KT-131213-60313

Type: Announcement
Subject: OTHERS
Description: ACQUISITION OF NEW SUBSIDIARY

The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that on 26 December 2013, Kobay has subscribed for 70% equity interest in Wirama Progresif Sdn. Bhd. (Company No. 908317-P) (“Wirama”) of which comprises 7,000 ordinary shares of RM1.00 each for a cash consideration of RM7,000.00.

Wirama was incorporated on 16 July 2010 as a private company limited by shares. Its authorised share capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up.

Subsequent to the subscription, Wirama will become a 70% owned subsidiary company of Kobay. The other 30% equity interest is held by a Malaysian individual, Mr. Lam Wan Loong. Currently, Wirama is dormant and its intended principal activity will be supply of engineering parts and accessories, and services to oil & gas industry.

The subscription is not expected to have material financial impact on Kobay’s earning per share, net assets per share, gearing, share capital or its substantial shareholders’ shareholding for the financial year ending 30 June 2014.

None of the directors and/or major shareholders of Kobay or any person connected with them have any interest, direct or indirect, in the acquisition.

This announcement is dated 26 December 2013.

KOBAY – NOTICE OF BOOK CLOSURE

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 20 Dec 2013
Category: Listing Circular
Reference Number: RN-131219-52821

LISTING’S CIRCULAR NO. L/Q : 69544 OF 2013

First and Final Tax Exempt Dividend of 2.0 sen for the financial year ended 30 June 2013.

Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted [ “Ex – Dividend” ] as from : [ 31 December 2013 ]

2) The last date of lodgement : [ 3 January 2014 ]

3) Date Payable : [ 20 January 2014 ]

OTHERS Others – Notification of Change in Directorship

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18 Dec 2013
Category: General Announcement
Reference Number: KT-131218-62248

Type: Announcement
Subject: OTHERS
Description: Others – Notification of Change in Directorship

The Board of Directors of Kobay Technology Bhd. (“Kobay or “the Company”) wishes to announce that its Independent Non-executive Director, Mr. Khaw Eng Peng, who has resigned as Executive Director in Messrs. Oriental Interest Berhad (Company No.: 272144-M) with effect from 13 December 2013 of which his notification was received on 16 December 2013.

This announcement is dated 18 December 2013.

GENERAL MEETINGS: OUTCOME OF MEETING

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 18 Dec 2013
Category: General Meetings
Reference Number: KT-131217-55533

Type of Meeting AGM
Indicator Outcome of Meeting
Date of Meeting 18/12/2013
Time 02:30 PM
Venue Plot 30 Hilir Sungai Kluang Satu,
Bayan Lepas Industrial Park,
Phase 4, 11900 Bayan Lepas,
Penang.
Outcome of Meeting The Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that all the resolutions as stated in the Notice of the 19th Annual General Meeting of the Company have been duly approved and passed at the meeting held on 18 December 2013.

OTHERS Proposed Disposal of Property by wholly owned subsidiary

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 6 Dec 2013
Category: General Announcement
Reference Number: KT-131206-34549

Type: Announcement
Subject: OTHERS
Description: Proposed Disposal of Property by wholly owned subsidiary

The Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that its wholly owned subsidiary company, Bend Weld Engineering Sdn. Bhd. (“BWE” or “the Vendor”), had on 6 December 2013, entered into a Sale and Purchase Agreement (“SPA”) with Messrs. Amazing Vestrax Sdn. Bhd. (688963-U) (“the Purchaser”), to dispose of its all that piece of leasehold industrial land and a single storey factory building erected thereon bearing assessment address Plot 38, Hilir Sungai Kluang 2, Phase IV, Bayan Lepas Non-FTZ, 11900 Pulau Pinang (“the Property”) for total cash consideration of RM7.7 million (hereinafter referred to as “the Proposed Disposal”).

Attachments :
Announcement-Disposal of factory by BWE (6Dec2013).doc

Circular/Notice to Shareholders

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 26 Nov 2013
Category: PDF Submission
Reference Number: KT-131126-36341

Subject:
Circular to Shareholders in relation to

Part A-Statement to Shareholders in relation to the Proposed Renewal of Share Buy-back Authority; and

Part B-Proposed Diversification of the business of Kobay Group into property development and property investment

Attachments :
KOBAY 2013_Circular_FA.pdf

GENERAL MEETINGS: NOTICE OF MEETING

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 25 Nov 2013
Category: General Meetings
Reference Number: KT-131122-62405

Type of Meeting AGM
Indicator Notice of Meeting
Description Notice of Nineteenth (19th) Annual General Meeting
Date of Meeting 18/12/2013
Time 02:30 PM
Venue Plot 30 Hilir Sungai Kluang Satu,
Bayan Lepas Industrial Park,
Phase 4, 11900 Bayan Lepas,
Penang.
Date of General Meeting Record of Depositors 26/11/2013

Attachments :
Kobay NoticeOfAGM 2013.pdf

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