Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 27 May 2016
Category: General Announcement for PLC
Reference Number: GA1-27052016-00034
Type: Announcement
Subject: OTHERS
Description: Impairment loss in relation to non-repayment of Stakeholder Sum by Stakeholder
Pursuant to Chapter 9.03 of the Listing Requirements, the Board of Directors of Kobay Technology Bhd. wishes to announce that its wholly owned subsidiary company, Ultimate Sanctuary Sdn. Bhd. (1137541-U) has made an impairment loss of RM3,400,000 in respect of non-repayment of stakeholder sum by a solicitor cum stakeholder pertaining to an intended joint development project.
Please refer to the attachment below for further details of the announcement.
Attachments :
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