Pursuant to Chapter 9.04(e) of the Listing Requirements, the Board of Directors of Kobay Technology Bhd. [Registration No. 199401022600 (308279-A)] ("Kobay") wishes to announce that on 24 February 2023, Kual Technologies Sdn. Bhd. (Registration No. 199801000031/456157-P), the wholly owned subsidiary company of Kobay, have accepted the following banking facilities amounting to USD26,200,000-00 offered by Messrs. HSBC Bank Malaysia Berhad [Registration No.198401015221 (127776-V)] with provision of corporate guarantee by Kobay amounting to USD18,200,000-00.
For further details, kindly refer to the attachment.
This announcement is dated 24 February 2023.