News

Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackDec 14, 2022
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

KEJURUTERAAN ASASTERA BERHAD ("KAB" OR THE "COMPANY")

PROPOSED ACQUISITION BY KAB ENERGY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KAB, OF 100% EQUITY INTEREST IN PT INPOLA MITRA ELEKTRINDO ("PROPOSED ACQUISITION")

We refer to the announcements dated 19 January 2022, 29 March 2022, 20 June 2022, 30 June 2022, 29 July 2022, 30 August 2022, 17 October 2022, 21 October 2022, 1 November 2022 and 29 November 2022 in relation to the Proposed Acquisition (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

On behalf of KAB, Kenanga IB wishes to announce that Bursa Securities has, vide its letter dated 14 December 2022, resolved to grant KAB an extension of time until 1 March 2023 to comply with Paragraph 9.33(1)(b) of the Listing Requirements in relation to the issuance of the circular for the Proposed Acquisition.

 

The approval for the extension of time is subject to the condition that Kenanga IB re-submits the revised draft circular to Bursa Securities for clearance prior to printing.

 

This announcement is dated 14 December 2022.

 


Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 14 Dec 2022
Category General Announcement for PLC
Reference Number GA1-14122022-00051