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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - PROPOSED ACQUISITION BY KAB ROBOTIC AND AUTOMATION SOLUTIONS SDN. BHD. ("KAB-RBT"), A SUBSIDIARY OF KAB OF 1,000 ORDINARY SHARES IN ISENZE SDN. BHD. ("ISENZE") REPRESENTING 100% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL IN ISENZE, FROM YL GLOBAL VENTURES SDN. BHD. ("YLGV") FOR A TOTAL CASH CONSIDERATION OF RM745,006.00 ("PROPOSED ACQUISITION").

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY")
- PROPOSED ACQUISITION BY KAB ROBOTIC AND AUTOMATION SOLUTIONS SDN. BHD. ("KAB-RBT"), A SUBSIDIARY OF KAB OF 1,000 ORDINARY SHARES IN ISENZE SDN. BHD. ("ISENZE") REPRESENTING 100% OF THE TOTAL ISSUED AND PAID-UP SHARE CAPITAL IN ISENZE, FROM YL GLOBAL VENTURES SDN. BHD. ("YLGV") FOR A TOTAL CASH CONSIDERATION OF RM745,006.00 ("PROPOSED ACQUISITION").

References are made to the Company’s announcements dated 14 September 2021, 17 September 2021, 28 October 2021 and 29 October 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 the Proposed Acquisition had been completed.

This announcement is dated 30 November 2021.






Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 30 Nov 2021
Category General Announcement for PLC
Reference Number GA1-30112021-00046




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