The BOD wishes to inform the status updates of the following MOU:-
(1) MOU BETWEEN VLV SOUMPHOLPHAKDY SOLE CO., LTD. ("VLV") AND PESTECH SDN. BHD. ("PSB") JV AND ELECTRICITE DU LAOS ("EDL")
There has no material development since the previous announcement dated 22 May 2013.
(2) MOU BETWEEN PESTECH AND ELECTRICAL CONSTRUCTION AND INSTALLATION, STATE ENTERPRISE, A STATE OWNED LAOS COMPANY ("ECI")
There has been no material development since the previous announcement dated 22 May 2013.
(3) MOU BETWEEN PSB, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND ABB MALAYSIA SDN. BHD. ("ABB")
The agreements for the technical cooperation between PSB and ABB are in the midst of being finalised.
This announcement is dated 23 August 2013.