General Announcement for PLC

01/04/2022

MEMORANDUM OF UNDERSTANDING AIMFLEX BERHAD ("AIMFLEX" or "the Company") STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN AIMFLEX SYSTEMS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY AND G2 ENERGY TECHNOLOGY SDN. BHD. (FORMERLY KNOWN AS EXIS GROUP SDN. BHD.)

AIMFLEX BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
AIMFLEX BERHAD ("AIMFLEX" or "the Company")

STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING BETWEEN AIMFLEX SYSTEMS SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY AND G2 ENERGY TECHNOLOGY SDN. BHD. (FORMERLY KNOWN AS EXIS GROUP SDN. BHD.)

Reference is made to the Company's announcements made on 8 April 2021, 6 July 2021, 5 October 2021 and 3 January 2022 pertaining to the Memorandum of Understanding ("MOU") made between its wholly-owned subsidiary, AIMFLEX Systems Sdn. Bhd. with G2 Energy Technology Sdn. Bhd. (formerly known as Exis Group Sdn. Bhd.) for the purpose of collaborating on the development and transfer of technology in the oil and gas (“O&G”), energy and related industries.

 

The Board of Directors of the Company wishes to announce that the MOU will expire on 07 April 2022 and the Company does not intend to extend the MOU. The termination of the MOU is not expected to have any material financial impact to the Company and its subsidiaries.

 

The announcement is dated 1 April 2022.



Announcement Info

Company Name AIMFLEX BERHAD
Stock Name AIMFLEX
Date Announced 01 Apr 2022
Category General Announcement for PLC
Reference Number GA1-31032022-00031


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