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: |
Reference is made to the announcements dated 25 March 2020 and 24 April 2020. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as those used in the earlier announcements.
The Board of Directors of KAB wishes to announce that in view of the Coronavirus Disease 2019 (“COVID-19”) pandemic and the implementation of the Movement Control Order, the due diligence process in connection with the Proposed Acquisitions was unable to be finalised in time.
KABEP and INVEN had on 23 June 2020 mutually agreed to further extend the period for additional 60 days from 23 June 2020 to enable both parties to enter into formal agreements for the Proposed Acquisitions subject to satisfactory due diligence.
This announcement is dated 23 June 2020.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 23 Jun 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15062020-00080 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.