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MEMORANDUM OF UNDERSTANDING GENETEC TECHNOLOGY BERHAD ("Genetec" or "the Company") - Update on the Memorandum of Understanding ("MOU") between Genetec and Asia Precision Public Company Limited

GENETEC TECHNOLOGY BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
GENETEC TECHNOLOGY BERHAD ("Genetec" or "the Company")
- Update on the Memorandum of Understanding ("MOU") between Genetec and Asia Precision Public Company Limited

Reference is made to the Company’s announcements dated 11 January 2022 and 26 May 2022 in relation to the MOU (“Announcements”). Unless otherwise defined, all abbreviations and definitions used herein shall have the same meaning as defined in the Announcements.

 

The Board of Directors of the Company wishes to announce that the MOU will expire on 10 July 2022 due to the Project Study is not completed within six (6) months from the Effective Date of the MOU and the Company does not intend to extend the MOU. The termination of the MOU is not expected to have any material financial impact on the Company.

 

This announcement is dated 8 July 2022.






Announcement Info

Company Name GENETEC TECHNOLOGY BERHAD
Stock Name GENETEC
Date Announced 08 Jul 2022
Category General Announcement for PLC
Reference Number GA1-08072022-00027




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