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OTHERS TFP SOLUTIONS BERHAD - MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN PRODSERV SDN BHD AND BEGUM ROKEYA UNIVERSITY, RANGPUR, BANGLADESH

TFP SOLUTIONS BERHAD

Type Announcement
Subject OTHERS
Description
TFP SOLUTIONS BERHAD
- MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN PRODSERV SDN BHD AND BEGUM ROKEYA UNIVERSITY, RANGPUR, BANGLADESH

INTRODUCTION

The Board of Directors of TFP Solutions Berhad (“TFP”), wishes to announce that its wholly-owned subsidiary, ProDserv Sdn Bhd (“ProDserv”) had on 17 November 2017 entered into a Memorandum of Understanding (“MOU”) with Begum Rokeya University, Rangpur, Bangladesh (“Begum Rokeya University”) (jointly ProDserv and Begum Rokeya University referred to as the “Parties” and individually referred to as a “Party”) for the purpose to collaborate with each other to create a platform of mutual understanding between Begum Rokeya University and the International University of Malaya-Wales ("lUMW") for the placement of students from Begum Rokeya University in IUMW.

 

ProDserv is a company incorporated in Malaysia which principally involved in the recruitment of students for Malaysian based universities.

 

Begum Rokeya University is a university in Bangladesh which in the cooperation of provision of university education to students.

 

Pursuant to the MOU, the duties and responsibilities of the respective party are including but not limited to the following:

 

1.            PRODSERV

 

  • Promote and market the potential for placement of the students from Begum Rokeya University to IUMW;
  • Provide access to information about IUMW products, programs and qualifying criteria set by IUMW to Begum Rokeya University and its students;
  • Recruit qualifying students from Begum Rokeya University for placement in IUMW; and
  • Assist in obtaining student visas for qualifying students from Begum Rokeya University.

 

2.            BEGUM ROKEYA UNIVERSITY

 

•       Facilitate the ProDserv’s promotion, marketing and recruitment campaigns for IUMW programs to the students from Begum Rokeya University;

•       Facilitate the provision of all necessary information to the students from Begum Rokeya University about IUMW products, programs and qualifying criteria set by IUMW;

•       Identify potential students from Begum Rokeya University for placement in IUMW;

•       Facilitate all required tests for qualifying admission into IUMW; and

•       Establish credit transfer policies with IUMW and communicate the policies to the students from Begum Rokeya University.

 

The MOU shall commence on the date of execution and shall continue in force until it was terminated by written notice providing to the other party pursuant to the terms of the MOU.

 

The MOU is not expected to have any material effects on the share capital and shareholding structure of the Company.  However, it is expected to have positive contribution to the earnings per share and net assets per share of the Group.

 

None of the Directors’ and major shareholders of TFP and/or person connected to them has any interest, direct or indirect in the MOU.

 

The MOU is not subject to the approval of shareholders of the Company and any relevant government authorities.

 

The Board of Directors of TFP, having taken into consideration all aspects of the MOU is of the opinion that the MOU is in the best interest of the Group.

 

This announcement is dated 17 November 2017.

 






Announcement Info

Company Name TFP SOLUTIONS BERHAD
Stock Name TFP
Date Announced 17 Nov 2017
Category General Announcement for PLC
Reference Number GA1-17112017-00050




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