Category Archives: Bursa 2017

Change of Address

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 08 Dec 2017
Category: Change of Address
Reference Number: C01-08122017-00001

Change description REGISTERED
Old address 3RD FLOOR, MENARA KOBAY
NO. 42B, JALAN RANGOON
10400 GEORGETOWN
Pulau Pinang
Malaysia
New address 3RD FLOOR, WISMA KOBAY
NO. 42-B, JALAN RANGOON
10400 GEORGETOWN
Pulau Pinang
Malaysia
Telephone No 04 -3711338
Facsimile No 04 -2261363
E-mail address
Effective date 08 Dec 2017
Change description CORRESPONDENCE
Old address 3RD FLOOR, MENARA KOBAY
NO. 42B, JALAN RANGOON
10400 GEORGETOWN
Malaysia
New address 3RD FLOOR, WISMA KOBAY
NO. 42-B, JALAN RANGOON
10400 GEORGETOWN
Pulau Pinang
Malaysia
Telephone No 04 -3711338
Facsimile No 04 -2261363
E-mail address
Effective date 08 Dec 2017

OTHERS Option to Purchase entered by Paradigm Aero Technology Sdn. Bhd.

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 06 Dec 2017
Category: General Announcement for PLC
Reference Number: GA1-06122017-00078

Type: Announcement
Subject: OTHERS
Description: Option to Purchase entered by Paradigm Aero Technology Sdn. Bhd.

The Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that on 5 December 2017 Paradigm Aero Technology Sdn. Bhd. (Company No.: 1258406-W) (“PAT”), the wholly owned subsidiary company of Lipo Corporation Sdn. Bhd. (Company No.: 491485-V) (“Lipo”), for which Lipo is the wholly owned subsidiary Company of Kobay, has entered into an option to purchase a piece of factory land located at Perai Industrial Estate, Penang from Messrs. Bright Entity Sdn. Bhd. (Company No.: 797701-U) (hereinafter referred to as “Bright” or “the Vendor”) at an option purchase price of RM16million (hereinafter referred to as “the Option to Purchase”).

PAT was incorporated on 4 December 2017 under the Companies Act 2016 with an issued capital of RM2-00 for which is wholly owned by Lipo. Its intended principal activities is to produce and manufacture parts for aerospace industry.

Bright is a company incorporated in Malaysia owned by, two (2) individuals who are Malaysian Citizen and a Company incorporated in Malaysia, with an issued capital of RM1,000,000 and having its registered address at 19-3, Jalan Tasik Selatan 3, Bandar Tasik Selatan, Kuala Lumpur.

The factory land is hereditament identified as PT1529, Mukim 01, Seberang Perai Tengah, Penang held under HS(D) No. 33005 with land size of approximately 4.6664 acres, together with factory buildings erected thereon bearing postal address No. 2478, Lorong Perusahaan 10, Kawasan Perindustrian Perai, 13600 Perai, Penang (hereinafter referred to as “the Property”). The Property is to be purchased on “as is where is” basis.

Upon signing of the Option to Purchase, PAT has paid an Earnest Deposit of RM16,000. This Earnest Deposit is forfeitable if PAT opt not to exercise the Option to enter into Sale and Purchase Agreement (“SPA”) within 30 days from the date of the Option to Purchase.

The earnest money of RM16,000 (Ringgit Malaysia : Sixteen Thousand Only) is paid from internal generated cash whereas PAT will apply for loan from financial institution to pay for the purchase price should the SPA is executed.

None of the Directors, or major shareholders of PAT or the Company and/or persons connected with them have any direct or indirect interest in the Option to Purchase.

The Board of Directors is of the opinion that the proposed Option to Purchase is in the best interest of PAT and the Company and is not detrimental to the shareholders of PAT or the Company.

Further announcement will be made in due course pertaining to the exercise of the Option to Purchase.

This announcement is dated 6 December 2017.

OTHERS Incorporation of a New Subsidiary Company

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 04 Dec 2017
Category: General Announcement for PLC
Reference Number: GA1-04122017-00133

Type: Announcement
Subject: OTHERS
Description: Incorporation of a New Subsidiary Company

The Board of Directors of Kobay Technology Bhd. (308279-A) (“Kobay”) is pleased to announce that Kobay has on 4 December 2017 incorporated a new subsidiary company namely Paradigm Aero Technology Sdn. Bhd. (Company No. 1258406-W).

The initial issued share capital and equity of the Company is RM2.00 for which is wholly owned by Lipo Corporation Sdn. Bhd., the wholly owned subsidiary of Kobay.

Paradigm Aero Technology Sdn. Bhd. is incorporated to carry out the business of producing and manufacturing of parts for aerospace industry.

This announcement is dated 4 December 2017.

GENERAL MEETINGS: Outcome of Meeting

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 29 Nov 2017
Category: General Meeting
Reference Number: GMA-27112017-00009

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 29 Nov 2017
Time 02:30 PM
Venue 4th Floor, Wisma Kobay,
No. 42-B Jalan Rangoon,
10400 Georgetown,
Penang
Outcome of Meeting The Company wishes to announce that all the resolutions as set out in the Notice of 23rd Annual General Meeting (“AGM”) dated 31 October 2017, had been approved by way of poll at the AGM of the Company held today, 29 November 2017.

The Audited Financial Statements for the financial year ended 30 June 2017 together with the reports of the Directors and Auditors thereon, were properly laid and received by the members present at the 23rd AGM.

The voting in respect of the resolutions was carried out by way of poll and the results were validated by Messrs Value Creator Consultancy, the Independent Scrutineer appointed by the Company. Details of the said results are set out in the attachment.

This announcement is dated 29 November 2017.

Please refer attachment below.
Attachments :
Kobay 23rd AGM Polling Result.pdf

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2017

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 29 Nov 2017
Category: Financial Results
Reference Number: FRA-27112017-00074

Financial Year End: 30 Jun 2018
Quarter: 1 Qtr
Quarterly report for the financial period ended: 30 Sep 2017
The figures : have not been audited

Attachments :
KOBAY FS - Qtr 1 2018 (Bursa).pdf

Currency: Malaysian Ringgit (MYR)

FRA-27112017-00074

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
currency

OTHERS IMPAIRMENT LOSS IN RELATION TO NON-REPAYMENT OF STAKEHOLDER SUM BY STAKEHOLDER

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Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 02 Nov 2017
Category: General Announcement for PLC
Reference Number: GA1-02112017-00080

Type: Announcement
Subject: OTHERS
Description: IMPAIRMENT LOSS IN RELATION TO NON-REPAYMENT OF STAKEHOLDER SUM BY STAKEHOLDER

Further to our announcement dated 21 July 2017 (reference no.: GA1-21072017-00101), 17 August 2017 (reference no. : GA 1-17082017-00085) and 25 September 2017 (reference no. : GA1-25092017-00038), the Board of Directors of Kobay wishes to announce that the appeal by Miss Jaswinder Kaur, the 1st Defendant, has been dismissed by the Court of Appeal today with costs of RM10,000 awarded.

Further announcement on any material development on the above will be made as and when appropriate.

This announcement is made on 2 November 2017.

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