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MEMORANDUM OF UNDERSTANDING PUC BERHAD ("PUC" OR THE "COMPANY") - UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PUC BERHAD AND SHARP ELECTRONICS (MALAYSIA) SDN BHD

PUC BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
PUC BERHAD ("PUC" OR THE "COMPANY")
- UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PUC BERHAD AND SHARP ELECTRONICS (MALAYSIA) SDN BHD

Reference is made to the Company’s announcement dated 9 November 2020 in relation to the MOU entered into between PUC and Sharp Electronics (Malaysia) Sdn Bhd (“SEM”).

 

PUC wishes to announce that Enovax Malaysia Sdn Bhd (“Enovax”), a wholly-owned subsidiary of PUC and SEM had on 24 December 2020 (“Effective Date”) entered into a software development agreement ("Software Development Agreement") where SEM will engage Enovax to deliver certain unique and proprietary software (“Software”) .

 

The Software is customised specifically for Cocoro Life (Malaysia) Sdn Bhd ("CLM"), a wholly- owned subsidiary of SEM which was incorporated on 17 December 2020.

 

CLM is principally engaged in the business of operating an online platform that provides services through the e-commerce ecosystem.

 

Please refer to the attachment for further information.

 

This announcement is dated 31 December 2020.




Please refer attachment below.



Announcement Info

Company Name PUC BERHAD
Stock Name PUC
Date Announced 31 Dec 2020
Category General Announcement for PLC
Reference Number GA1-24122020-00050




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