General Announcement for PLC

09/06/2021

MEMORANDUM OF UNDERSTANDING UCREST BERHAD ("UCREST" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") WITH RUSSIAN DIRECT INVESTMENT FUND ("RDIF")

UCREST BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
UCREST BERHAD ("UCREST" OR "THE COMPANY") - MEMORANDUM OF UNDERSTANDING ("MOU") WITH RUSSIAN DIRECT INVESTMENT FUND ("RDIF")

Further to the announcements made by the Company on the MOU between Company and RDIF on 9 April 2021, 14 April 2021, 28 April 2021, 19 May 2021 and 20 May 2021, the Board of Directors of UCrest wishes to announce that the Company has on 9 June 2021 entered into a MOU with an additional new contract manufacturer in China and secured the capacity to produce the Sputnik V vaccines of up to 100 million doses per year for 2 years.

Depending on the dynamic of the pandemic, the Company expect it will be likely to contribute positively to the net assets per share of UCrest group for the financial year ending 31 May 2022.  

UCrest does not foresee any exceptional risks other than pandemic risks, execution risks, political risks and country risks associated with the agreements. 

None of the Directors and/or major shareholders of UCrest or persons connected with them have any interests, direct or indirect, in the agreements. 

This announcement is dated 9 June 2021.



Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 09 Jun 2021
Category General Announcement for PLC
Reference Number GA1-08062021-00138


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