Circular To Shareholders In Relation To The Proposed Acquisition By KAB Energy Holdings Sdn Bhd, A Wholly-Owned Subsidiary Of Kejuruteraan Asastera Berhad, Of 100% Equity Interest In PT Inpola Mitra Elektrindo ("PT IME") From Sarawak Cable Berhad And Other Minority Shareholders For A Completion Amount Of RM75,000,000 (Comprising The Sale Shares Consideration Of RM10,000 And The Settlement Of Debts, Liabilities And Shareholders Advances Of PT IME Capped At RM74,990,000) To Be Satisfied Entirely In Cash ("PROPOSED ACQUISITION")
BackApr 12, 2023
| Subject | CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED ACQUISITION BY KAB ENERGY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KEJURUTERAAN ASASTERA BERHAD, OF 100% EQUITY INTEREST IN PT INPOLA MITRA ELEKTRINDO ("PT IME") FROM SARAWAK CABLE BERHAD AND OTHER MINORITY SHAREHOLDERS FOR A COMPLETION AMOUNT OF RM75,000,000 (COMPRISING THE SALE SHARES CONSIDERATION OF RM10,000 AND THE SETTLEMENT OF DEBTS, LIABILITIES AND SHAREHOLDERS ADVANCES OF PT IME CAPPED AT RM74,990,000) TO BE SATISFIED ENTIRELY IN CASH ("PROPOSED ACQUISITION") |
Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 12 Apr 2023 |
| Category | Document Submission |
| Reference Number | DCS-12042023-00013 |
Attachments
- KAB_Acq_-_Circular__final_(Part_1).pdf (Size: 2,939,746 bytes)
- KAB_Acq_-_Circular__final_(Part_2).pdf (Size: 2,832,263 bytes)
- KAB_Acq_-_Circular__final_(Part_3).pdf (Size: 2,799,380 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.