Pursuant to Rule 10.08(1) of the ACE Marketing Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of K-One Technology Bhd (“K-One” or “Company”) wishes to announce that its wholly-owned subsidiary, K-One MediTech Sdn. Bhd. (“K-One MediTech”) has on 4 October 2024 entered into a Sale and Purchase Agreement (“SPA”) with related parties, namely Lim Beng Fook and Lim Soon Seng for the purchase of a piece of leasehold land together with a one (1) unit of two (2) storey detached factory erected thereon bearing postal address 68, Lengkok Rishah 2, Kawasan Perindustrian Silibin, 30100 Ipoh, Perak for a total consideration of RM3,000,000.00 ("the Purchase"). The Purchase is a related party transaction as Lim Beng Fook and Lim Soon Seng who are the Executive Chairman and CEO of K-One respectively are the related parties and are interested in the Purchase.
Please refer to the attachment for further details.
This announcement is dated 4 October 2024.