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