Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


MEMORANDUM OF UNDERSTANDING ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") - TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN ADVANCECON AND KUMPULAN SEMESTA SDN BHD ("KSSB")

ADVANCECON HOLDINGS BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY")
- TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN ADVANCECON AND KUMPULAN SEMESTA SDN BHD ("KSSB")

Reference is made to the Company’s announcements made on 26 March 2019, 28 August 2019 and 28 November 2019 in relation to the MOU entered between Advancecon and KSSB (collectively referred to as “the Parties”).

 

Unless otherwise stated, the definitions set out in the said announcement shall apply herein.

 

The Board of Directors of the Company wishes to announce that Advancecon and KSSB had on 28 February 2020 mutually agreed to terminate the MOU with immediate effect in view that the Parties’ intention as contemplated in the MOU has not materialised (“Termination”).

 

Upon the Termination, the MOU shall have no further force or effect and neither party shall have any claim whatsoever against the other, whether directly or indirectly in respect of the MOU.

 

The Termination will not have any material financial impact on Advancecon and its subsidiaries.

 

 

This announcement is dated 28 February 2020.






Announcement Info

Company Name ADVANCECON HOLDINGS BERHAD
Stock Name ADVCON
Date Announced 28 Feb 2020
Category General Announcement for PLC
Reference Number GA1-28022020-00066




Close