TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS

Company Name KOBAY TECHNOLOGY BERHAD
Stock Name KOBAY
Date Announced 01 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00060

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
Proposed Acquisition of Lands by Kobay Project Venture Sdn. Bhd.

Further to our announcement dated 16 February 2015 (Reference Number : KT-150216-61007), 23 February 2015 (Reference number : KT-150223-52498), 22 December 2015 (Reference number : GA1-22122015-00084), 23 December 2015 ( Reference Number GA1-23122015-00089) and 31 July 2017 (Reference Number GA1-31072017-00078) respectively on the Proposed Conditional Joint Venture Agreement with Option to Purchase, the Board of Directors of Kobay Technology Bhd. wishes to announce that its wholly owned subsidiary, Kobay Project Venture Sdn. Bhd. [Registration No.: 200101023149 (558907-K)] (“KPV” or “the Purchaser”)  had opted to enter into a Sale & Purchase Agreement dated 30 June 2022  to purchase the following two (2) pieces of development lands from two (2) individuals  for a consideration sum of Ringgit Malaysia Eleven Million and Eight Hundred Thousand (RM11,800,000.00)  :-

  1. (i) Lot 886 Held under Geran Mukim (First Grade) No. GM452, Mukim 11, Seberang Perai Tengah, Pulau Pinang measuring approximately 10064.5309 square metres; and
  2. (ii) Lot 42 held under Geran Mukim (First Grade) No. GM352, Mukim 11, Seberang Perai Tengah, Pulau Pinang measuring approximately 12217.4583 square metres (hereinafter referred as “the Lands”)

The detail announcement is herein attached.

 

This announcement is dated 1 July 2022.




Please refer attachment below.



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