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OTHERS BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR "THE COMPANY") TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN BIOALPHA INTERNATIONAL SDN BHD ("BISB") AND iHEAL MEDICAL SERVICES SDN BHD ("iHEAL")

BIOALPHA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
BIOALPHA HOLDINGS BERHAD ("BIOALPHA" OR "THE COMPANY")
TERMINATION OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN BIOALPHA INTERNATIONAL SDN BHD ("BISB") AND iHEAL MEDICAL SERVICES SDN BHD ("iHEAL")

Reference is made to the Company’s announcement made on 25 January 2021 pertaining to the MOU entered between BISB and iHEAL. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 25 January 2021.

 

The Board of Directors of Bioalpha wishes to announce that BISB, a wholly-owned subsidiary of the Bioalpha and iHEAL had mutually agreed to terminate the MOU with immediate effect (“Termination”) due to it is not viable for the Company. No definitive agreement has been entered by BISB with iHEAL pursuant to the MOU.

 

The Termination of the MOU does not have any financial impact to BISB and the Company. 

 

This announcement is dated 3 September 2021.






Announcement Info

Company Name BIOALPHA HOLDINGS BERHAD
Stock Name BIOHLDG
Date Announced 03 Sep 2021
Category General Announcement for PLC
Reference Number GA1-03092021-00066




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