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MEMORANDUM OF UNDERSTANDING PUC BERHAD ("PUC" OR THE "COMPANY") ADDITIONAL INFORMATION - 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")

ADDITIONAL INFORMATION - 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 31 December 2020 in relation to the Software Development Agreement entered into between Enovax Malaysia Sdn Bhd, a wholly-owned subsidiary of PUC and Sharp Electronics (Malaysia) Sdn Bhd (“SEM”).

 

PUC wishes to announce that the fees associated with the Software Development Agreement is RM1 million, excluding the costs of any additional work performed which cannot be determined at this juncture.

 

This announcement is dated 7 January 2021.






Announcement Info

Company Name PUC BERHAD
Stock Name PUC
Date Announced 07 Jan 2021
Category General Announcement for PLC
Reference Number GA1-07012021-00022




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