Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
BackJun 06, 2024
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KINERGY ADVANCEMENT BERHAD [REGISTRATION NO. 199701005009 (420505-H)] ("KAB" OR "THE COMPANY") NON RELATED PARTY TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) TERM SHEET ENTERED BETWEEN KAB ENERGY HOLDINGS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY WITH GREEN ENERGY SPECIALIST PTE. LTD IN RELATION TO THE PROPOSED ACQUISITION OF COMMON SHARES IN PT GREEN ENERGY SPECIALIST ONE ("PROPOSED ACQUISITION") |
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Pursuant to Paragraph 10.05(2) 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 KABEH had on 6 June 2024 entered into a Term Sheet with Green Energy Specialist Pte. Ltd ("GES"), for the purpose of acquisition of 43,000 ordinary shares representing 100% of the issued and paid-up capital in PT Green Energy Specialist One ("PT GESO"), for a total consideration of RM8.89 million (Ringgit Malaysia: Eight Million Eight Hundred and Ninety Thousand).
Please refer to the attachment for further details of the announcement. This announcement is dated 6 June 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 06 Jun 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06062024-00012 |
Attachments
- Press_Release_-_KAB_to_Develop_1st_Greenfield_Biogas_Project_in_Indonesia_Level_Up_RE_Competence_20240606.pdf (Size: 306,372 bytes)
- (65.1)_KAB_-_Attachment_-_Proposed_Acquisition_of_PTGESO_20240606.pdf (Size: 483,096 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.