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)
| Type | Announcement |
| Subject | OTHERS |
| 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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Reference is made to the Company's announcement dated 9 November 2022 (“Previous Announcement”). Unless otherwise stated, the terms used herein shall have the same meanings stated in the Previous Announcement. The Board of Directors of KAB wishes to clarify on the announcement made on 9 November 2022 in respect of the Proposed Acquisition:- (1) That the subject matter heading should read as “Others” instead of “Transactions (Chapter 10 of Listing Requirements)-Non-Related Party Transactions”; and (2) That the Agreement entered into between FNSB and KABEH on 9 November 2022 was of term sheet in nature, and further definitive agreement may be entered into between the Parties, subject to satisfactory of due diligence findings and the terms and conditions stated therein the said Agreement. Further announcement(s) shall be made as and when there is material development in respect of the Proposed Acquisition. This announcement is dated 10 November 2022. |
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Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 10 Nov 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10112022-00052 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.