News

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

BackJun 26, 2023
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

KINERGY ADVANCEMENT BERHAD (FORMERLY KNOWN AS KEJURUTERAAN ASASTERA BERHAD) [REGISTRATION NO. 199701005009 (420505-H)]("KAB" OR "THE COMPANY")

SALE AND PURCHASE OF SHARES 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 380,000 ORDINARY SHARES IN FUTURE BIOMASS GASIFICATION SDN. BHD. ("PROPOSED ACQUISITION")

Reference is made to FBGSB’s announcements dated 9 November 2022, 10 November 2022, 11 November 2022, 16 January 2023, 18 January 2023, 23 March 2023, and 25 April 2023. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the announcements dated 9 November 2022, 10 November 2022, 11 November 2022, 16 January 2023, 18 January 2023, 23 March 2023 and 25 April 2023.

The Board of KAB wishes to announce that KABEH and FNSB, had mutually agreed to extend the CP Long Stop Date as stipulated in the Agreement in relation to the Proposed Acquisition to 24 July 2023.

This announcement is dated 26 June 2023.

 


Announcement Info

Company Name KINERGY ADVANCEMENT BERHAD
Stock Name KAB
Date Announced 26 Jun 2023
Category General Announcement for PLC
Reference Number GA1-19062023-00077