Kobay Technology Bhd

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS Proposed Acquisition of Trademarks

Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 24 Jan 2025
Category: General Announcement for PLC
Reference Number: GA1-24012025-00060

Subject: TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS

Description: Proposed Acquisition of Trademarks

The Board of Directors of Kobay Technology Bhd. (“Kobay”) (“the Company”) wishes to announce that on 24 January 2025, Galaxis Healthcare Sdn. Bhd. [Registration No. 201401030948 (1107034-K)], a wholly owned subsidiary company of Avelon Healthcare Group Sdn. Bhd. [Registration No. : 202301050597 (1544511-M)], who in turn is a  70% owned subsidiary company of Kobay, has entered into a Sales & Purchase Agreement to acquire Trademarks from Ms. Chong Huei Shin  at a total consideration of RM2.2 million (Ringgit Malaysia : Two Million and Two Hundred Thousand Only) (hereinafter referred to as “The Proposed Acquisition”).

Kindly refer to the attachment for further details.

This announcement is dated 24 January 2025.

Please refer attachment below.
Attachments :
Announcement-Acquisition of Trademark.pdf

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