General Announcement for PLC

26/05/2022

MEMORANDUM OF UNDERSTANDING MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN SAMAIDEN SDN. BHD. ("SSB"), HUAWEI TECHNOLOGIES (MALAYSIA) SDN. BHD. ("HUAWEI") AND KVC INDUSTRIAL SUPPLIES SDN. BHD. ("KVC") - UPDATE

SAMAIDEN GROUP BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN SAMAIDEN SDN. BHD. ("SSB"), HUAWEI TECHNOLOGIES (MALAYSIA) SDN. BHD. ("HUAWEI") AND KVC INDUSTRIAL SUPPLIES SDN. BHD. ("KVC") - UPDATE

Reference is made to the Company’s announcements dated 14 June 2021, 30 August 2021, 29 November 2021 and 25 February 2022 in relation to the MOU entered into between SSB, a wholly-owned subsidiary of the Company, Huawei and KVC.

 

The Board of Directors of Samaiden Group Berhad wishes to announce that there has been no further development since the announcement dated 25 February 2022, and would remain status quo until the MOU’s expiry on 13 June 2022. Both parties have mutually agreed that there will be no further extension of the MOU upon its expiry on 13 June 2022. Accordingly, the MOU will be of no further force and effect thereon.

 

This announcement is dated 26 May 2022.



Announcement Info

Company Name SAMAIDEN GROUP BERHAD
Stock Name SAMAIDEN
Date Announced 26 May 2022
Category General Announcement for PLC
Reference Number GA1-11052022-00068


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