News

Pursuant to Paragraph 9.04(o) of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of KAB wishes to announce that the Company has on even date entered into a Memorandum of Understanding (“MOU”) with University of Tenaga National (“UNITEN”) to develop and maintain an ongoing relationship between KAB and UNITEN. The relationship will provide opportunities for the exchange of expertise, experience and skills for mutual benefits and growth. Both parties agree to explore the possibilities of co-operation in areas of mutual interest and benefit.

The MOU will remain effective for a period of five (5) years from the date of signing of the MOU.

None of the Directors and/or major shareholders of KAB and/or persons connected to them has any interest, direct or indirect, in the MOU.

The Board of Directors of KAB, having reviewed and considered the terms and conditions of MOU, are of the opinion that MOU are in the best interest of KAB and the terms and conditions of MOU are fair, reasonable and on terms that are not detrimental to the minority shareholders of KAB.

This announcement is dated 25 May 2023.