Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 22 Sep 2021
Category: General Announcement for PLC
Reference Number: GA1-22092021-00089
Type: Announcement
Subject: OTHERS
Description: Banking Facilities accepted by Kobay Group
Pursuant to Chapter 9.04(e) of the Listing Requirements, the Board of Directors of Kobay Technology Bhd. (“Kobay” or “the Company”) wishes to announce that on 20 September 2021, Kobay UA Sdn. Bhd. (Registration No. 199401022600 (308279-A) (“KUA”), the wholly owned subsidiary company of Kobay, have accepted the following credit facilities offered by Messrs. OCBC Bank (Malaysia) Berhad and Messrs. OCBC Al-Amin Bank Berhad (200801017151/ 818444-T) (“the Bank”) to finance the working capital and land acquisition of all those piece of land measuring approximately 15.13 acres (658,971.3778 square feet) in area held under two (2) separate land titles identified as HS(D) 27773 (PT1358) and PN 12029 (Lot 6584) (formerly HS(D) 27774 (PT1360)), Mukim 1, District of Seberang Perai Tengah, State of Penang together with a single storey warehouse building bearing assessment address 3016, Tingkat Perusahaan 6, Kawasan Perusahaan Perai, 13600 Seberang Perai Tengah, Penang and other buildings erected thereon by KUA as per our announcement dated 20 May 2021 with reference number GA1-20052021-00059.
For further details, kindly refer to the attachment.
This announcement is dated 22 September 2021.
Attachments :
Announcement_ Financing Facilities accepted by Kobay UA Sdn. Bhd.pdf