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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KINERGY ADVANCEMENT BERHAD (FORMERLY KNOWN AS KEJURUTERAAN ASASTERA BERHAD) ACQUISITION BY KAB ENERGY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KAB, OF 100% EQUITY INTEREST IN PT INPOLA MITRA ELEKTRINDO ("ACQUISITION")

KINERGY ADVANCEMENT BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
KINERGY ADVANCEMENT BERHAD (FORMERLY KNOWN AS KEJURUTERAAN ASASTERA BERHAD)

ACQUISITION BY KAB ENERGY HOLDINGS SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF KAB, OF 100% EQUITY INTEREST IN PT INPOLA MITRA ELEKTRINDO ("ACQUISITION")

We refer to the announcements dated 19 January 2022, 29 March 2022, 20 June 2022, 30 June 2022, 29 July 2022, 30 August 2022, 17 October 2022, 21 October 2022, 1 November 2022, 29 November 2022, 14 December 2022, 10 February 2023, 28 February 2023, 9 March 2023, 3 April 2023, 13 April 2023, 31 July 2023 and 29 August 2023 (“Announcements”) and the circular to shareholders in relation to the Acquisition dated 12 April 2023 (“Circular”). Unless otherwise defined, the definitions set out in the Announcements and the Circular shall apply herein.

 

On behalf of KAB, Kenanga IB wishes to announce that the Acquisition has been completed on 31 October 2023 following the payment of the balance of the Completion Amount.

 

This announcement is dated 31 October 2023.






Announcement Info

Company Name KINERGY ADVANCEMENT BERHAD
Stock Name KAB
Date Announced 31 Oct 2023
Category General Announcement for PLC
Reference Number GA1-31102023-00031



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