Reference is made to the Company's announcement dated 11 April 2023.
The Company wishes to announce that it is currently in negotiations with prospective strategic buyers to dispose substantially all its assets and business interest. The Company is appointing an investment bank as the principal adviser to advise the Board of Directors on the said disposal and negotiate terms of the transaction.
The Company will make the appropriate announcement(s) to Bursa Malaysia Securities Berhad in accordance with the Main Market Listing Requirements once the negotiations are finalised and definitive agreements are signed.
This announcement is dated 23 May 2023.