Memorandum Of Understanding

BackMay 30, 2023
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description

AWANBIRU TECHNOLOGY BERHAD ("AWANTEC" OR "THE COMPANY") - TERMINATION OF THE MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN HALAL DEVELOPMENT CORPORATION BERHAD ("HDC") AND AWANTEC SYSTEMS SDN. BHD. ("ASSB"), A WHOLLY-OWNED SUBSIDIARY OF AWANTEC

With reference to the Company's first announcement on 2 June 2022 and series of subsequent announcements thereafter in relation to the MOU entered into between HDC and ASSB, a wholly-owned subsidiary of Awantec, the Company wishes to inform that ASSB and HDC had mutually agreed to terminate the MOU with effect from 30 June 2023 (“Termination”). No definitive agreement has been entered by ASSB with HDC pursuant to the MOU. 

 

The Termination does not have any financial impact to the Awantec Group.

 

This announcement is dated 30 May 2023.

 


Announcement Info

Company Name AWANBIRU TECHNOLOGY BERHAD
Stock Name AWANTEC
Date Announced 30 May 2023
Category General Announcement for PLC
Reference Number GA1-30052023-00035