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MEMORANDUM OF UNDERSTANDING AT SYSTEMATIZATION BERHAD ("ATS" or the "Company") STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN AT ENGINEERING SOLUTION SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF AT SYSTEMATIZATION BERHAD, AND SHANGHAI JIENAXIN MECH & ELEC EQUIPMENT CO. LTD.

AT SYSTEMATIZATION BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
AT SYSTEMATIZATION BERHAD ("ATS" or the "Company")

STATUS UPDATE ON MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN AT ENGINEERING SOLUTION SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF AT SYSTEMATIZATION BERHAD, AND SHANGHAI JIENAXIN MECH & ELEC EQUIPMENT CO. LTD.

(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 10 April 2020, 9 July 2020 and 8 October 2020 in relation to the MOU, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcements made on 10 April 2020, 9 July 2020 and 8 October 2020 pertaining to the MOU between ATES, a wholly-owned subsidiary of ATS and Shanghai JieNaXin Mech & Elec Equipment Co. Ltd. for collaboration in the business relating to anti-epidemic integrated solutions such as thermometry and integrated disinfection chamber (“Product”) as well as localisation of the software design and equipment parts of the Product.

The Board of Directors of ATS wishes to inform that in light of the absence of any further progress on the MOU, the Parties have mutually agreed to terminate the MOU with immediate effect.

This announcement is dated 8 January 2021.

 






Announcement Info

Company Name AT SYSTEMATIZATION BERHAD
Stock Name AT
Date Announced 08 Jan 2021
Category General Announcement for PLC
Reference Number GA1-08012021-00056




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