Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 30 Jun 2014
Category: General Announcement
Reference Number: KT-140630-63105
Type: Announcement
Subject: OTHERS
Description: Acquisition of additional 49% equity interest in Microhandling Asia Pte. Ltd. (“MHA”)
The Board of Directors of Kobay Technology Bhd. (“Kobay”) wishes to announce that Kobay SCM (S) Pte. Ltd. (Company No. 200912806D) (“KSS”), a 60% owned subsidiary of Kobay in Singapore, had on 30 June 2014, acquired the remaining 49% of equity interest in MHA (Company No.: 200806413H) from Mr. Hubertus Benedikt Heigl (the “Vendor”) consisting of 245,000 ordinary shares of SGD1.00 each for a cash consideration of SGD288,623.00. Upon the shares acquisition, MHA has become a 99.8% owned subsidiary o Kobay (“the Acquisition”)
Attachments :
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