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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 2,500,000 ORDINARY SHARES IN KONPRO INDUSTRIES SDN BHD (KONPRO). REPRESENTING 100% OF THE TOTAL PAID UP SHARE CAPITAL IN KONPRO, FROM INVEST ENERGY SDN BHD (INVEN) FOR A TOTAL CASH CONSIDERATION OF RM7,930,000.00 (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 2,500,000 ORDINARY SHARES IN KONPRO INDUSTRIES SDN BHD (KONPRO). REPRESENTING 100% OF THE TOTAL PAID UP SHARE CAPITAL IN KONPRO, FROM INVEST ENERGY SDN BHD (INVEN) FOR A TOTAL CASH CONSIDERATION OF RM7,930,000.00 (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, 2 June 2021 and 30 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 until 31 August 2021 to complete the Proposed Acquisitions. 

This announcement is dated 30 July 2021.






Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 30 Jul 2021
Category General Announcement for PLC
Reference Number GA1-27072021-00044




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