KAB

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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")
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 19 January 2022.)

The Board of Directors of KAB wishes to announce that KAB Energy Holdings Sdn. Bhd. ("KABEH"), a wholly-owned subsidiary of the Company and Sarawak Cable Berhad (“SCB”), by way of an exchange of letters between 10th March 2022 to 28th March 2022, mutually agreed to extend the Due Diligence Period by one (1) month for the completion of the Due Diligence to be carried out on PT Inpola Mitra Elektrindo ("PT IME").

This announcement is dated 29 March 2022.





Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 29 Mar 2022
Category General Announcement for PLC
Reference Number GA1-28032022-00085