Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 31 Oct 2016
Category: General Announcement for PLC
Reference Number: GA1-31102016-00103
Type: Announcement
Subject: MULTIPLE PROPOSALS
Description: KOBAY TECHNOLOGY BHD (“KOBAY” OR “COMPANY”)
(I) PROPOSED BONUS ISSUE;
(II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(III) PROPOSED AMENDMENTS
(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements dated 25 October 2016 and 26 October 2016.
On behalf of the Board, Affin Hwang IB is pleased to announce that Bursa Securities had vide its letter dated 31 October 2016, resolved to approve the listing and quotation of up to 34,040,375 Bonus Shares to be issued pursuant to the Proposed Bonus Issue.
The approval granted by Bursa Securities is subject to the following conditions:
(i) Kobay and Affin Hwang IB must fully comply with the relevant provisions under the Main Market Listing Requirements (“LR”) pertaining to the implementation of the Proposed Bonus Issue;
(ii) Affin Hwang IB to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) Affin Hwang IB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Bonus Issue is completed; and
(iv) Affin Hwang IB is required to make the relevant announcements pursuant to Paragraphs 6.35(2)(a) & (b) and 6.35(4) of the LR.
This announcement is dated 31 October 2016.