New Feature
  • New: Financial Statement (Balance Sheet, Income Statement & Cash Flow)
  • New: Go to Stock Page (E.g FRONTKN) > Financial Highlights Section
  • New: Financial Statement (Balance Sheet, Income Statement & Cash Flow)
  • New: Go to Stock Page (E.g FRONTKN) > Financial Highlights Section
VIEW SAMPLE
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS PROPOSED ACQUISITIONS BY KAB ENERGY POWER SDN BHD (KABEP), A WHOLLY-OWNED SUBSIDIARY OF KAB OF: (I) 2,500,000 ORDINARY SHARES IN KONPRO INDUSTRIES SDN BHD (KONPRO); AND (II) 750,000 ORDINARY SHARES IN MERU ONE SDN BHD (MERU). BOTH REPRESENTING 100% EACH OF THE TOTAL PAID UP SHARE CAPITAL IN KONPRO AND MERU, FROM INVEST ENERGY SDN BHD (INVEN) FOR A TOTAL CASH CONSIDERATION OF RM12,030,000.00 (PROPOSED ACQUISITIONS)

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
PROPOSED ACQUISITIONS BY KAB ENERGY POWER SDN BHD (KABEP), A WHOLLY-OWNED SUBSIDIARY OF KAB OF: 
(I) 2,500,000 ORDINARY SHARES IN KONPRO INDUSTRIES SDN BHD (KONPRO); AND
(II) 750,000 ORDINARY SHARES IN MERU ONE SDN BHD (MERU).

BOTH REPRESENTING 100% EACH OF THE TOTAL PAID UP SHARE CAPITAL IN KONPRO AND MERU, FROM INVEST ENERGY SDN BHD (INVEN) FOR A TOTAL CASH CONSIDERATION OF RM12,030,000.00 (PROPOSED ACQUISITIONS)

References are made to the Company’s announcements dated 25 March 2020, 24 April 2020, 23 June 2020, 26 August 2020, 25 September 2020, 28 October 2020, 8 March 2021 and 2 June 2021. 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 KABEP and INVEN had mutually agreed to further extend the period as follow to complete the Proposed Acquisitions:-

Company Name

Extended Period

KONPRO

31 July 2021

MERU

31 August 2021

This announcement is dated 30 June 2021.

 






Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 30 Jun 2021
Category General Announcement for PLC
Reference Number GA1-28062021-00095




Close