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OTHERS INDUSTRONICS BERHAD ("ITRONIC" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING WITH CHINAS STATE-OWNED COMPANY, STATE DEVELOPMENT & INVESTMENT CORPORATION LTD (SDIC) FOR COLLABORATION ON CAPITAL MARKET SERVICES

INDUSTRONICS BERHAD

Type Announcement
Subject OTHERS
Description
INDUSTRONICS BERHAD ("ITRONIC" OR "THE COMPANY")
- MEMORANDUM OF UNDERSTANDING WITH CHINAS STATE-OWNED COMPANY, STATE DEVELOPMENT & INVESTMENT CORPORATION LTD (SDIC) FOR COLLABORATION ON CAPITAL MARKET SERVICES


The Board of Directors of ITRONIC wishes to announce that ITRONIC had on 2 August 2022 entered into a Memorandum of Understanding with China’s state-owned company, State Development & Investment Corporation Ltd (“SDIC”) for the purposes of setting up a collaboration on asset management and capital market services, in line with the Group’s plans to acquire a 10% stake in Hong Kong-based renowned stockbroking, asset management and credit firm, Bluemount Financial Group Limited (“BFGL”). 

 

Please refer to attachment below for full description of the announcement.

 

 

This announcement is dated 2 August 2022.

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Please refer attachment below.

Attachments

MOU with SDIC (final).pdf
120.8 kB



Announcement Info

Company Name INDUSTRONICS BERHAD
Stock Name ITRONIC
Date Announced 02 Aug 2022
Category General Announcement for PLC
Reference Number GA1-01082022-00087




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