Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 30 Nov 2021
Category: General Announcement for PLC
Reference Number: GA1-30112021-00093
Subject: OTHERS
Description: Proposed Divestment in Kual Technologies Sdn. Bhd.
The Board of Directors of Kobay Technology Bhd (“Kobay”) wishes to announce that on 29 November 2021, Kobay had divested its 49% equity interest in Kual Technologies Sdn. Bhd. [Company No. : 199801000031(456157-P)] (“KUAL” or “the Company”) to Ms Poh Li Pheng, consisting of 490,000 ordinary shares for a cash consideration of RM123,400-00 (hereinafter referred to as “Proposed Divestment”). Upon the completion of the Proposed Divestment, KUAL will become a 51% owned subsidiary of Kobay.
The detail of the announcement is herein attached.
This announcement is dated 30 November 2021.
Attachments :
Kobay_Proposed Divestment in Kual Technologies Sdn. Bhd..pdf