Kinergy Advancement Berhad (Formerly Known As Kejuruteraan Asastera Berhad Registration No. 199701005009 (420505-h)] ("KAB" Or "The Company") Heads Of Agreement Between KAB Energy Holdings Sdn. Bhd. [Registration No. 202101013322 (1413621-k)], An Ultimate Subsidiary Of The Company, With Xsd International Paper Sdn. Bhd. [Registration No. 201801026864 (1288890-h)]
BackOct 18, 2023
| Type | Announcement |
| Subject | OTHERS |
| Description | KINERGY ADVANCEMENT BERHAD (FORMERLY KNOWN AS KEJURUTERAAN ASASTERA BERHAD REGISTRATION NO. 199701005009 (420505-H)] ("KAB" OR "THE COMPANY") HEADS OF AGREEMENT BETWEEN KAB ENERGY HOLDINGS SDN. BHD. [REGISTRATION NO. 202101013322 (1413621-K)], AN ULTIMATE SUBSIDIARY OF THE COMPANY, WITH XSD INTERNATIONAL PAPER SDN. BHD. [REGISTRATION NO. 201801026864 (1288890-H)] |
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Reference is made to XSDIP's annoucement dated 13 July 2023 and 19 September 2023. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the announcement dated 13 July 2023 and 19 September 2023.
The Board of KAB wishes to announce that the extension of time has lapsed and the Company decided not to proceed with the Definitive Agreements. The Company firmly believes that this decision is in its best interest, as well as the subsidiaries. This announcement is dated 18 October 2023. |
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Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 18 Oct 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17102023-00049 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.