General Announcement for PLC

17/08/2021

MEMORANDUM OF UNDERSTANDING M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") - TERMINATION ON MEMORANDUM OF UNDERSTANDING ("MOU") WITH M N C WIRELESS BERHAD ("MNC")

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY")
- TERMINATION ON MEMORANDUM OF UNDERSTANDING ("MOU") WITH M N C WIRELESS BERHAD ("MNC")

Reference is made to the announcements dated 12 April 2017, 28 August 2017, 12 October 2017, 30 November 2017, 12 February 2018, 18 May 2018, 29 August 2018, 15 November 2018, 28 February 2019, 29 May 2019, 22 August 2019, 21 November 2019, 27 February 2020, 16 June 2020, 25 August 2020, 26 November 2020, 24 February 2021 and 28 May 2021 pertaining to the MOU made between the Company and MNC (the "Parties").

 

The Board of Directors of M3Tech wishes to announce that the Parties have mutually agreed to terminate the MOU with immediate effect due to the Parties there is no further material development of the MOU since signed by the Parties.

 

The termination will not have any material effect on the earnings or net assets of M3Tech for the financial period ended 31 March 2021 and financial year ending 31 March 2022.

None of the directors or substantial shareholders of M3Tech and persons connected to them have any interest, direct or indirect, in the above-mentioned termination.

 

This announcement is dated 17 August 2021.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 17 Aug 2021
Category General Announcement for PLC
Reference Number GA1-17082021-00016


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