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OTHERS FOCUS DYNAMICS GROUP BERHAD (''FOCUS'' OR THE ''COMPANY'') - UPDATE ON HEADS OF AGREEMENT BETWEEN FOCUS DYNAMICS CENTRE SDN. BHD. AND BRAHIM'S SATS FOOD SERVICES SDN. BHD.

FOCUS DYNAMICS GROUP BERHAD

Type Announcement
Subject OTHERS
Description
FOCUS DYNAMICS GROUP BERHAD (''FOCUS'' OR THE ''COMPANY'')
 - UPDATE ON HEADS OF AGREEMENT BETWEEN FOCUS DYNAMICS CENTRE SDN. BHD.  AND BRAHIM'S SATS FOOD SERVICES SDN. BHD.

Reference is made to the announcements dated 11 November 2020 in relation to the Heads of Agreement (“HOA”) entered between Focus Dynamics Centre Sdn. Bhd. and Brahim’s SATS Food Services Sdn. Bhd. ("Parties").

 

The Board of Directors of Focus wishes to announce that both Parties realised that the 6 months’ timeline has lapsed on 11 May 2021 but based on the understanding and mutual agreement by both Parties, both Parties can indeed proceed with definitive/commercial agreement if it find to be fit.

 

Presently, both Parties are still discussing and negotiating few salient terms for conclusion of the definitive/commercial agreement.

 

This announcement is dated 25 June 2021.






Announcement Info

Company Name FOCUS DYNAMICS GROUP BERHAD
Stock Name FOCUS
Date Announced 25 Jun 2021
Category General Announcement for PLC
Reference Number GA1-25062021-00078




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