Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
PROPOSED ACQUISITIONS BY KAB ENERGY POWER SDN BHD (KABEP), A 90% SUBSIDIARY OF KAB OF: |
Pursuant to Rule 10.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“AMLR”), the Board of Directors of KAB (“Board”) wishes to announce that KABEP, a 90% subsidiary of KAB, has on 25 March 2020 entered into Heads of Agreements (“Agreement(s)”) with INVEN to acquire 2,000,000 Ordinary Shares in Konpro and 600,000 Ordinary Shares in Meru for a total cash consideration of RM7,260,000.00 and to assume liabilities totaling RM4,240,000.00 (“Purchase Consideration”) (“the Proposed Acquisitions”).
Please refer to the attachment for further details on the Proposed Acquisitions.
Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 25 Mar 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-25032020-00007 |
Attachments
- KABEP-Others-Acquisition_of_Konpro_Industries_and_Meru_One-25.03.2020.pdf (Size: 206,172 bytes)
- KAB_PR_200325_Cogen_Press_Release_(Konpro__Meru).pdf (Size: 431,506 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.