Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 19 Mar 2014
Category: General Announcement
Reference Number: KT-140319-62029
Type: Announcement
Subject: OTHERS
Description: Completion of disposal of factory building by wholly owned subsidiary
We refer to our announcement made on 6 December 2013 (reference number KT-131206-34549) in relation to the disposal of all that piece of leasehold industrial land and a single storey factory building erected thereon bearing assessment address Plot 38, Hilir Sungai Kluang 2,Phase IV, Bayan Lepas Industrial Park, 11900 Pulau Pinang by wholly owned subsidiary, Bend Weld Engineering Sdn. Bhd. to Messrs. Amazing Vestrax Sdn. Bhd. (688963-U) (“the Purchaser”) for a total cash consideration of RM7,700,000-00.
The Board of Directors of Kobay wishes to announce that the above disposal has been completed on 18 March 2014.
This announcement is dated 19 March 2014.