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Memorandum of Understanding between Asia Poly Industrial Sdn Bhd, a wholly-owned subsidiary of Asia Poly Holdings Berhad and Visionglow Global Limited

ASIA POLY HOLDINGS BERHAD

Type

Announcement
SubjectMemorandum of Understanding between Asia Poly Industrial Sdn Bhd, a wholly-owned subsidiary of Asia Poly Holdings Berhad and Visionglow Global Limited

Contents :

The Board of Directors of Asia Poly Holdings Berhad ("Company") is pleased to announce that its wholly-owned subsidiary, Asia Poly Industrial Sdn Bhd ("Asia Poly"), had on 27 October 2005 entered into a Memorandum of Understanding ("MOU") with Visionglow Global Limited ("Visionglow") to negotiate the possibility of a comprehensive joint venture agreement for the marketing and distribution of Asia Poly’s plastic products utilising Visionglow’s photoluminous pigments and technologies.


Subject to agreement, it is proposed that any joint venture will be mutually exclusive to plastic photoluminous products utilizing Visionglow’s pigments and technologies and designated products manufactured by Asia Poly and either marketed by the joint venture or sold to third-party distributors or marketers worldwide.

This MOU is not intended to create any binding obligations and further announcement will be made by the Company if there is any progress on the MOU.

This announcement is dated 28 October 2005.



Announcement Info

Company NameASIA POLY HOLDINGS BERHAD (MESDAQ Market) 
Stock Name ASIAPLY    
Date Announced28 Oct 2005  
CategoryGeneral Announcement
Reference NoCU-051028-62832



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