Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
PROPOSED ACQUISITIONS BY KAB ENERGY POWER SDN BHD (KABEP), A WHOLLY-OWNED SUBSIDIARY OF KAB OF: (I) 2,500,000 ORDINARY SHARES IN KONPRO INDUSTRIES SDN BHD (KONPRO); AND (II) 750,000 ORDINARY SHARES IN MERU ONE SDN BHD (MERU). BOTH REPRESENTING 100% EACH OF THE TOTAL PAID UP SHARE CAPITAL IN KONPRO AND MERU, FROM INVEST ENERGY SDN BHD (INVEN) FOR A TOTAL CASH CONSIDERATION OF RM12,030,000.00 (PROPOSED ACQUISITIONS) |
|
References are made to the Company’s announcements dated 25 March 2020, 24 April 2020, 23 June 2020, 26 August 2020, 25 September 2020, 28 October 2020, 8 March 2021, 2 June 2021, 30 June 2021 and 30 July 2021. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as those used in the earlier announcements. The Board of Directors of KAB wishes to announce that KABEP and INVEN had mutually agreed to further extend the period until 30 September 2021 to complete the Proposed Acquisitions.
This announcement is dated 27 August 2021. |
|
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 27 Aug 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17082021-00014 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.