Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
BackFeb 07, 2025
| 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") SHARE PURCHASE AGREEMENT ENTERED BETWEEN KAB ENERGY HOLDINGS SDN. BHD. ("KABEH"), A WHOLLY OWNED SUBSIDIARY OF THE COMPANY AND PESAKA VENTURES SDN. BHD. IN RELATION TO THE PROPOSED ACQUISITION OF THE ISSUED ORDINARY SHARES HELD BY JATI CAKERAWALA SDN. BHD. ("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 7 February 2025 entered into a Share Purchase Agreement ("SPA or "the Agreement") with Pesaka Ventures Sdn. Bhd. ("PVSB"), the holding company of Jati Cakerawala Sdn. Bhd. ("Jati Cakerawala"), for the purpose of acquisition of 1,900,760 ordinary shares for a total consideration of RM35 million (Ringgit Malaysia: Thirty-Five Million) only legally and beneficially owned by PVSB pursuant to Section 3.5 of this announcement (Consideration) ("Purchase Consideration") ("Proposed Acquisition").
Please refer to the attachment for further details of announcement. This announcement is dated 7 February 2025. |
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Please refer attachment below.
Announcement Info
| Company Name | KINERGY ADVANCEMENT BERHAD |
| Stock Name | KAB |
| Date Announced | 07 Feb 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07022025-00010 |
Attachments
- (4)_KAB_-_Attachment_-_Proposed_Acquisition_via_SPA_with_PVSB_20250207.pdf (Size: 492,032 bytes)
- Press_Release_-_KAB_Invests_into_Independent_Power_Producer_(250207)_20250207.pdf (Size: 266,272 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.