Changes In Sub. S-hldr's Int (Section 138 Of CA 2016) - Dato' Lai Keng Onn
BackJan 30, 2024
Particulars of substantial Securities Holder
| Name | DATO' LAI KENG ONN |
| Nationality/Country of incorporation | Malaysia |
| Descriptions (Class) | Total Return Swap ("TRS") in respect of ordinary shares of the Company |
Details of changes
| No | Date of change |
No of securities
|
Type of Transaction | Nature of Interest |
| 1 | 29 Jan 2024 |
12,500,000
|
Others | Deemed Interest |
| Name of registered holder | DATO' LAI KENG ONN | |||
| Description of "Others" Type of Transaction | Entry of TRS | |||
| Circumstances by reason of which change has occurred | Entry of TRS Transaction |
| Nature of interest | Deemed Interest |
| Direct (units) | 421,251,925 |
| Direct (%) | 21.207 |
| Indirect/deemed interest (units) | 186,300,000 |
| Indirect/deemed interest (%) | 9.379 |
| Total no of securities after change | 607,551,925 |
| Date of notice | 30 Jan 2024 |
| Date notice received by Listed Issuer | 30 Jan 2024 |
| Remarks : |
| 1. TRS is a financial derivative product that is linked to the performance of the ordinary shares in the Company. 2. There will be no change in the substantial shareholder's interests or shareholdings in the Company as a result of the substantial shareholder entering into the TRS as the terms and conditions of the TRS do not contemplate for any acquisition, disposal or transfer of the ordinary shares in the Company by the substantial shareholder. The total number of ordinary shares of the Company to be transacted under the TRS is up to 12,500,000 units at the total consideration up to RM5,000,000.00 only. |
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 30 Jan 2024 |
| Category | Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 |
| Reference Number | CS2-29012024-00093 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.