Transactions (chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
KEJURUTERAAN ASASTERA BERHAD [REGISTRATION NO. 199701005009 (120505-H)] (KAB OR THE COMPANY) AGREEMENT ENTERED BETWEEN KAB ENERGY HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND FUTURE NRG SDN. BHD. IN RELATION TO THE PROPOSED ACQUISITION OF 100% ORDINARY SHARES IN FUTURE BIOMASS GASIFICATION SDN. BHD. (PROPOSED ACQUISITION) |
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The Board of Directors of KAB wishes to announce that KAB Energy Holdings Sdn. Bhd. [Registration No. 202101025059 (1425359-X)] (“KABEH”), a wholly-owned subsidiary of the Company had on 9 November 2022, entered into an Agreement dated 9 November 2022 (“Agreement”) with Future NRG Sdn. Bhd. [Registration No. 200801012859 (814147-M)] (“FNSB”) for the purpose of acquiring the entire ordinary shares held by FNSB in Future Biomass Gasification Sdn. Bhd. [Company No. 200701041827 (799859-H)] (“FBGSB”), for a tentative total consideration of RM15,000,000/-. (“Proposed Acquisition”). KABEH and FNSB are collectively referred as “the Parties” or each “Party” as the case may be. Please refer to the attachment for the details of the announcement. This announcement is dated 9 November 2022. |
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Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 09 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27102022-00027 |
Attachments
- (107)_KAB_Press_Release_-_Proposes_Acquisition_of_First_Biogas_Power_Plant.pdf (Size: 320,433 bytes)
- (107)_KAB_-_Attachment_-_Agreement_between_KABEH_and_FNSB_(091122).pdf (Size: 410,484 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.