| Type | Announcement |
| Subject | KKB ENGINEERING BERHAD (“KKB” OR THE “COMPANY”) - PROPOSED ACQUISITION OF A PARCEL OF PROVISIONAL LEASEHOLD LAND OF APPROXIMATELY 27.6 HECTARES TOGETHER WITH BUILDINGS THEREON FROM CMS STEEL BERHAD, A SUBSIDIARY OF CAHYA MATA SARAWAK BERHAD FOR A TOTAL PURCHASE CONSIDERATION OF RM32,000,000 TO BE SATISFIED BY THE ISSUANCE OF 16,000,000 NEW ORDINARY SHARES OF RM1.00 EACH ("CONSIDERATION SHARES") IN KKB AT AN ISSUE PRICE OF RM2.00 PER SHARE (“PROPOSED ACQUISITION”) |
| Contents | Reference is made to our announcement on behalf of KKB on 7 November 2007 in relation to the Proposed Acquisition. On behalf of the Company, AmInvestment Bank Berhad (a member of AmInvestment Bank Group)(“AmInvestment Bank”), is pleased to announce that the Securities Commission (“SC”) has approved the Proposed Acquisition subject to the condition, inter-alia, that AmInvestment Bank and KKB should inform the SC on Ministry of International Trade and Industry(“MITI”)’s decision on the waiver application from complying with the previous equity conditions imposed by MITI on KKB. The Proposed Acquisition is now pending the approval of MITI, the shareholders of KKB at an extraordinary general meeting to be convened and the approval of Bursa Malaysia Securities Berhad for the listing of and quotation for the Consideration Shares on the Main Board of Bursa Securities. This announcement is dated 28 January 2008. |
| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 28 Jan 2008 |
| Category | General Announcement |
| Reference No | MM-080128-59017 |
