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Acquisition of 70,076,600 ordinary shares of SINARAN ADVANCE GROUP BERHAD (formerly known as K-Star Sports Limited) (SINARAN), representing 9.96% of the issued and paid up capital of SINARAN for a total cash consideration of RM6,516,530 from open market (Acquisition)

LAMBO GROUP BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-06102021-00001
Subject Acquisition of 70,076,600 ordinary shares of SINARAN ADVANCE GROUP BERHAD (formerly known as K-Star Sports Limited) (SINARAN), representing 9.96% of the issued and paid up capital of SINARAN for a total cash consideration of RM6,516,530 from open market (Acquisition)
Description
LAMBO GROUP BERHAD ("LAMBO" or "the Company")
INVESTMENT IN SINARAN ADVANCE GROUP BERHAD (formerly known as "K-STAR SPORTS LIMITED") ("SINARAN")
Query Letter Contents

We refer to your Company’s announcement dated 5 October 2021, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

  1. Quantification of Mr Koo Kien Yoon’s direct and indirect shareholdings in Sinaran.
  2. The risks in relation to the Acquisition.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully

 

LISTING

REGULATION

                                                                                                                                                                        

Cc : Market Surveillance Dept., Securities Commission (via fax)

The Company’s announcement dated 05 October 2021 (“Announcement”) and the Letter of Query from Bursa Malaysia Securities Berhad dated 06 October 2021 (Ref : IQL-06102021-00001) in relation to the Acquisition of 70,076,600 ordinary shares of SINARAN, representing 9.96% of the issued and paid up capital of SINARAN for a total cash consideration of RM6,516,530 from open market refers.  

 

The Board of LAMBO wishes to inform that:-

 

(1) Mr Koo Kien Yoon does not hold any shares in SINARAN. 

 

(2) Save for the normal business and global economic risk, the Board of Director of LAMBO is not aware of any other risk factors which may arise as a result of the Investment.

 

This announcement is dated 06 October 2021.

 

 





Announcement Info

Company Name LAMBO GROUP BERHAD
Stock Name LAMBO
Date Announced 06 Oct 2021
Category General Announcement for PLC
Reference Number GA1-06102021-00063


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