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 19, 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 the announcements dated 13 July 2023, 19 September 2023 and 18 October 2023. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the announcement dated 13 July 2023, 19 September 2023 and 18 October 2023.
The Board of Directors of KAB wishes to disclose further information on the announcement made on 18 October 2023 in respect of the HOA between KABEH with XSDIP, that the Company decided not to proceed with the Definitive Agreements is a result of the performance within the terms of the Definitive Agreements has not met its intended purpose. This announcement is dated 19 October 2023. |
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Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 19 Oct 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19102023-00026 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.