Category Archives: Bursa 2015

OTHERS PROPERTY DISPOSAL BY WHOLLY OWNED SUBSIDIARY

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 31 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-31122015-00040

Type: Announcement
Subject: OTHERS
Description: PROPERTY DISPOSAL BY WHOLLY OWNED SUBSIDIARY

Further to our announcement dated 29 December 2015 with reference : GA1-29122015-00077, the Board of Directors of Kobay Technology Berhad (“Kobay” or “the Company”) wishes to furnish additional information as listed below :-

1) Name of Directors and Major Shareholders of TopFur Dressing Industries Sdn. Bhd.are :-

Major Shareholders:

ga1-31122015-00040

Company Directors:

Name of Director

Cheong Fone Meng (Malaysian Chinese)

Yam Kam Wah (Foreign Chinese)

2) The disposal price of RM 57 per square foot was derived after taking into the following consideration :-

(a)The value transacted for industrial properties in Ulu Kinta during the period 2012-2014 were ranging from RM34-52 per square foot; and

(b) Indicative price of RM7million verbally obtained from a valuer based on time adjustment on the Property valued by the firm in year 2004.

This announcement is dated 31 December 2015.

OTHERS Additional Information in relates to Unusual Market Activity Reply on 23 October 2015

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 31 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-31122015-00056

Type: Announcement
Subject: OTHERS
Description: Additional Information in relates to Unusual Market Activity Reply on 23 October 2015

Further to our reply dated 23 October 2015 on Unusual Market Activity to Bursa Malaysia Securities Berhad (ref.: IQL-23102015-00001), the Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that on 29 December 2015, the Company received the written confirmation from the Solicitors that the negotiation on the proposed disposal of the Company’s 1.54 acres land in Penang was aborted as both parties did not reach a consensus pertaining the terms of the sale and purchase. There is no financial impact to Kobay in relates to the abortion.

This announcement is dated 31.12.2015.

OTHERS PROPERTY DISPOSAL BY WHOLLY OWNED SUBSIDIARY

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 29 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-29122015-00077

Type: Announcement
Subject: OTHERS
Description: PROPERTY DISPOSAL BY WHOLLY OWNED SUBSIDIARY

The Board of Directors of Kobay Technology Bhd. (“Kobay or “the Company”) wishes to announce that Paradigm Precision Machining Sdn. Bhd. (201691-T) (“PPM”), a wholly owned subsidiary, had on 29.12.2015, entered into a Sale and Purchase Agreement (“SPA”) with Messrs. TopFur Dressing Industries Sdn. Bhd. (1146870-K) (“the Purchaser”), to dispose of its leasehold industrial land and a single storey factory  building erected thereon bearing postal address Plot 19,  Jalan Industri 1, Zon Perdagangan Bebas, Jelapang 2, 30100 Ipoh, Perak (“the Property”) for total cash consideration of RM7.0 million (hereinafter referred to as “the Proposed Disposal”).
The detail of the announcement is attached.

This announcement is dated 29 December 2015.

Attachments :
Announcement-Disposal of factory by PPM (29.12.2015) R1.pdf

OTHERS Deed of Rescission and revised Joint Venture Agreement with Option to Purchase entered into by a wholly owned subsidiary

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 23 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-23122015-00089

Type: Announcement
Subject: OTHERS
Description: Deed of Rescission and revised Joint Venture Agreement with Option to Purchase entered into by a wholly owned subsidiary

Further to our announcement of the above reference : GA1-22122015-00084, the Board of Directors of Kobay Technology Berhad (“Kobay” or “the Company”) wishes to announce that the Deed of Rescission and revised Joint Venture Agreement with Option to Purchased (“revised JVA with OTP”) were entered into by its wholly owned subsidiary company, Kobay Project Venture Sdn. Bhd. (“KPV”) to rescind the initial Joint Venture Agreement with Option to Purchase (“initial JVA with OTP”) signed by KPV on 16 February 2015 due to one of the landowners, Nooraziah Binti Zainul Abidin (“NZZA”) has passed away on 6 August 2015 before the titles to the Lands be able to be transferred/transmitted.

Save for the below items/terms for which have been varied/revised, the remaining terms and conditions therein stipulated in the initial JVA with OTP are remain unchanged in the revised JVA with OTP.

ga1-23122015-00089

Rationale of entering into the revised JVA with OTP

It is the Group’s strategy to diversify into other industries and the Lands are located at the strategic location with development potential which can contribute positively to the Group’s future earnings, hence, the Board of Directors was in the view that it is feasible for KPV to undertake the development project and enter into the revised JVA with OTP and Deed of Rescission.

This announcement is dated 23 December 2015.

OTHERS Deed of Rescission and revised Joint Venture Agreement with Option to Purchase entered into by a wholly owned subsidiary

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 22 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-22122015-00084

Type: Announcement
Subject: OTHERS
Description: Deed of Rescission and revised Joint Venture Agreement with Option to Purchase entered into by a wholly owned subsidiary

The Board of Directors of Kobay Technology Bhd (“Kobay” or “the Company”) wishes to announce that on 22 December 2015, Kobay Project Venture Sdn. Bhd. (Company No. 558907-K) (“KPV” or “the Developer”), a wholly owned subsidiary, has entered into a Deed of Rescission to rescind the initial Joint Venture Agreement with Option To Purchase signed on 16 February 2015 and a revised Joint Venture Agreement with Option To Purchase (“the revised JVA with OTP”) with Zainul Abidin Bin Muhammad and Noorashikin Binti Zainul (hereinafter referred to as the “Vendors” or “Landowners”) for the  development of all those pieces of freehold vacant lands Lot 42 and 886 respectively held under Geran Mukim (first grade) No. GM352 and 452, Mukim 11, Seberang Perai Tengah, Pulau Pinang (“the Lands”).

Detail of the announcement is herein attached.

This announcement is dated 22 December 2015.

Attachments :
KPV JVA with Option to Purchase.pdf

KOBAY – Notice of Book Closure

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 11 Dec 2015
Category: Listing Circular
Reference Number: ILC-11122015-00011

First and Final Single Tier Dividend of 3.0 sen per ordinary share
 
Kindly be advised of the following : 

1)  The above Company’s securities will be traded and quoted “Ex – Dividend” as from: 29 Dec 2015
2)  The last date of lodgment : 31 Dec 2015
3)  Date Payable : 20 Jan 2016

OTHERS Struck off of a Singapore Subsidiary

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Amended Announcements
Please refer to the earlier announcement reference number: GA1-09122015-00097

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 10 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-10122015-00071

Type: Announcement
Subject: OTHERS
Description: Struck off of a Singapore Subsidiary

Further to our announcement in relates to the struck off of a Singapore subsidiary, United Manufacturing Corporation Pte. Ltd. (“UMC” or “the Company”) with reference number GA1-09122015-00097 dated 9 December 2015, the Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to add that UMC is principally involved in trading business and has been dormant for more than two (2) years. After due consideration, the Board of UMC has no intention to re-active UMC and the member of UMC has decided to strike off the Company voluntarily.

This announcement is dated 10 December 2015.

OTHERS Struck off of a Singapore Subsidiary

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 09 Dec 2015
Category: General Announcement for PLC
Reference Number: GA1-09122015-00097

Type: Announcement
Subject: OTHERS
Description: Struck off of a Singapore Subsidiary

The Board of Directors of Kobay Technology Bhd. (“the Company”) wishes to announce that United Manufacturing Corporation Pte. Ltd., the wholly owned subsidiary company of the Company’s 60% owned subsidiary incorporated in Singapore, Kobay SCM (S) Pte. Ltd., has been struck off from the register of Business Registry of Singapore Accounting and Corporate Regulatory Authority on 24 November 2015 of which the notification letter dated 27 November 2015 has been received by the Company on 9 December 2015.

This announcement is dated 9 December 2015.

GENERAL MEETINGS: Outcome of Meeting

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 09 Dec 2015
Category: General Meeting
Reference Number: GMA-09122015-00006

Type of Meeting Extraordinary General Meeting
Indicator Outcome of Meeting
Date of Meeting 09 Dec 2015
Time 02:45 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. is glad to announce that all resolutions as stated in the notice of the Extraordinary General Meeting (“EGM”) of the Company dated 17 November 2015, have been approved by the members at the said EGM held on 9 December 2015.

Detail of the resolutions passed is herein listed in the file attached.

This announcement is dated 9 December 2015.

Attachments :
Resolution passed in EGM announced to Bursa.pdf

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