News

The Board of Directors of Prestariang wishes to update the status of the Memorandums of Understanding ("MOU") as follows:-

1. MOU entered into between University Malaysia of Computer Science and Engineering ("UniMy"), a tertiary education facility established under Prestariang Education Sdn. Bhd., a wholly-owned subsidiary of Prestariang, with its industry partners

With reference to the previous announcements in relation to the MOUs entered by UniMY with the following entity to support UniMy’s aspiration to develop a tertiary education facility focusing on computer science and engineering,:-

(i) Kumpulan Modal Perdana Sdn. Bhd. (“KMP”)

The Company wishes to inform that there has been no material development since the previous announcement.

2. MOU entered into between Prestariang with Alibaba.com Singapore E-Commerce Private Limited and Conversant Solutions Pte Ltd ("Alibaba Cloud" and "Conversant")

With reference to the Company's announcement on 12 January 2017 in relation to the MOU entered into between the Company with Alibaba Cloud and Conversant (collectively be referred to as "the Parties"), the Company wishes to inform that the Parties are currently in active customer engagement to identify specific initiatives within the Malaysian higher education space. A committee has been formed to initiate pilot initiatives to showcase digital campus, cloud computing in higher education and e-commerce talent development for the first pilot rollout.

This announcement is dated 24 August 2017.