News

AKN Technology Bhd ("AKN" Or "Company") Proposed Disposal By Paramount Discovery Sdn Bhd ("Pdsb" Or "Vendor"), A Wholly Owned Subsidiary Of AKN, Of Its Three (3) Wholly Owned Subsidiaries Namely Innovative Polymer Systems Sdn Bhd, Innovative Resins Sdn Bhd And Delta Polymer Systems Sdn Bhd To Chemical Company Of Malaysia Berhad ("Ccm" Or "Purchaser") For A Total Cash Consideration Of Rm126,900,000 ("Proposed Disposals")

Kenanga Investment Bank Berhad ("Kenanga"), on behalf of the Board of Directors of AKN, whishes to announce the Proposed Disposals.

The details of the Proposed Disposals are set out in the attached document below.

This announcement is dated 23 April 2008.

Attachments