The Company And YL Global Ventures Sdn. Bhd. ("YLGV") Entered Into A Term Sheet For Joint Venture ("JV")
BackSep 14, 2021
| Type | Announcement |
| Subject | OTHERS |
| Description |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - THE COMPANY AND YL GLOBAL VENTURES SDN. BHD. ("YLGV") ENTERED INTO A TERM SHEET FOR JOINT VENTURE ("JV") |
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Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KAB wishes to announce that the Company had on 14 September 2021 entered into a Joint Venture ("JV") Term Sheet with YL Global Ventures Sdn. Bhd. ("YLGV") to form a JV via KAB Robotic and Automation Solutions Sdn. Bhd. (“KAB-RBT”) to venture into robotics distribution business.
Please refer to the attachment for further details on the above. |
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Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 14 Sep 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07092021-00007 |
Attachments
- Joint_Venture_Term_Sheet_KAB-RBT.pdf (Size: 148,341 bytes)
- Press_Release_KAB_JV_with_YLGV.pdf (Size: 178,191 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.