CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KAB AND ITS SUBSIDIARIES TO INCLUDE THE SUSTAINABLE ENERGY SOLUTIONS BUSINESS; AND (II) PROPOSED PRIVATE PLACEMENT OF UP TO 361,581,000 NEW ORDINARY SHARES IN KAB ("SHARES"), REPRESENTING APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF KAB (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER
BackNov 01, 2022
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE: (I) PROPOSED DIVERSIFICATION OF THE EXISTING BUSINESS OF KAB AND ITS SUBSIDIARIES TO INCLUDE THE SUSTAINABLE ENERGY SOLUTIONS BUSINESS; AND (II) PROPOSED PRIVATE PLACEMENT OF UP TO 361,581,000 NEW ORDINARY SHARES IN KAB ("SHARES"), REPRESENTING APPROXIMATELY 20% OF THE EXISTING TOTAL NUMBER OF ISSUED SHARES OF KAB (EXCLUDING TREASURY SHARES), TO INDEPENDENT THIRD PARTY INVESTOR(S) TO BE IDENTIFIED LATER AND AT AN ISSUE PRICE TO BE DETERMINED LATER |
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 01 Nov 2022 |
| Category | Document Submission |
| Reference Number | DCS-01112022-00002 |
Attachments
- Kejuruteraan_Asastera_Berhad_-_Circular_dated_1_November_2022.pdf (Size: 888,665 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.