KAB

0.405

-0.015 (-3.6%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") PROPOSED ACQUISITION BY KAB ENERGY HOLDINGS SDN. BHD. ("KABEH" OR "THE PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF KAB, OF 100% ISSUED AND PAID-UP SHARE CAPITAL IN PT INPOLA MITRA ELEKTRINDO ("PT IME") ("SALE SHARES") ("PROPOSED ACQUISITION")

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY")

PROPOSED ACQUISITION BY KAB ENERGY HOLDINGS SDN. BHD. ("KABEH" OR "THE PURCHASER"), A WHOLLY-OWNED SUBSIDIARY OF KAB, OF 100% ISSUED AND PAID-UP SHARE CAPITAL IN PT INPOLA MITRA ELEKTRINDO ("PT IME") ("SALE SHARES") ("PROPOSED ACQUISITION")
The Board of Directors of KAB (“Board”) wishes to announce that KABEH had on 19 January 2022 entered into a term sheet with Sarawak Cable Berhad (“SCB”) (a company listed on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”)) for the Proposed Acquisition (“Term Sheet”).

SCB undertakes to cause all other shareholders of PT IME ("Minority Shareholders”) to transfer their respective shares in PT IME in accordance with the terms and conditions provided in the Term Sheet to the Purchaser.

SCB and the Minority Shareholders are collectively referred to as the “Shareholders” while KABEH and SCB are collectively referred to as the ‘‘Parties’’.

Please refer to the attachment for the full text of the announcement as well as the press release.

This announcement is dated 19 January 2022.

 




Please refer attachment below.



Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 19 Jan 2022
Category General Announcement for PLC
Reference Number GA1-03012022-00007