Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR THE "COMPANY") PROPOSED INVESTMENT BY KAB, OF 37,500 ORDINARY SHARES IN LEVERAGEDGE SDN. BHD. (LSB), REPRESENTING 30% OF THE TOTAL PAID UP SHARE CAPITAL IN LSB FOR A TOTAL CASH CONSIDERATION OF RM2,100,000.00 (PROPOSED INVESTMENT) |
Pursuant to Rule 10.05 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“AMLR”), the Board of Directors of KAB (“Board”) wishes to announce the KAB has on 3 January 2020 entered into Heads of Agreement with LSB and Loo Chun Keat (“LCK”) to invest 37,500 shares in LSB, representing 30% of the total paid up share capital in LSB, for a total cash consideration of RM2,100,000.00 (“Total Investment Amount”) (“the Proposed Investment”). The principal terms and conditions outlined in the Heads of Agreement is subject to the Share Sales and Shareholders Agreement or any such other agreements relevant to the Proposed Investment (“Definitive Agreements”) to be entered into between KAB, LSB and LCK.
Please refer to the attachment for further details on the above.
Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 03 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-03012020-00010 |
Attachments
- KAB_-_Press_Release_-_Solar_Acquisition_-_KAB_(03.01.2020).pdf (Size: 173,083 bytes)
- KAB_-Transaction_-Proposed_Investment_in_LeveragEdge_-_Final.pdf (Size: 121,310 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.