KOBAY

1.720

-0.03 (-1.7%)

Circular/Notice to Shareholders

KOBAY TECHNOLOGY BERHAD

Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO PART A I. PROPOSED EXEMPTION UNDER PARAGRAPH 4.15(1) OF THE RULES ON TAKE-OVERS, MERGERS AND COMPULSORY ACQUISITIONS TO KOBAY HOLDINGS SDN BHD AND PERSON ACTING IN CONCERT WITH IT FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR ALL THE REMAINING ORDINARY SHARES IN KOBAY TECHNOLOGY BHD ("KOBAY") ("KOBAY SHARES" OR "SHARES") NOT ALREADY OWNED BY THEM ARISING FROM THE PURCHASE BY KOBAY OF ITS OWN SHARES PURSUANT TO ITS SHARE BUY-BACK AUTHORITY ("PROPOSED EXEMPTION"); AND II. PROPOSED BONUS ISSUE OF 204,187,202 NEW KOBAY SHARES ("BONUS SHARES") ON THE BASIS OF TWO (2) BONUS SHARES FOR EVERY ONE (1) EXISTING KOBAY SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF SHARES") PART B INDEPENDENT ADVICE LETTER FROM THE INDEPENDENT ADVISER TO THE NON-INTERESTED SHAREHOLDERS OF KOBAY TECHNOLOGY BHD IN RELATION TO THE PROPOSED EXEMPTION


Please refer attachment below.



Announcement Info

Company Name KOBAY TECHNOLOGY BERHAD
Stock Name KOBAY
Date Announced 25 Mar 2021
Category Document Submission
Reference Number DCS-25032021-00013