General Announcement

19/01/2007

MEMORANDUM OF UNDERSTANDING ("MOU") WITH SIMOLDES GROUP SANICHI TECHNOLOGY BERHAD ("SANICHI")

SANICHI TECHNOLOGY BERHAD

Type

Announcement
SubjectMEMORANDUM OF UNDERSTANDING ("MOU") WITH SIMOLDES GROUP
SANICHI TECHNOLOGY BERHAD ("SANICHI")

Contents :

The Board of Directors of Sanichi wishes to announce that Sanichi Group of Companies is in final negotiations with one of Europe's largest plastic injection mould makers for the automotive industry for the forming of a partnership which will see a company within the Sanichi Group being appointed as its sole mould manufacturer for the Asia-Pacific region.


This is in line with Sanichi's plans to expand its revenue in its automotive division.

A more detailed announcement will be made available upon the signing of the Memorandum Of Understanding.


This announcement is dated 19 January 2007


Announcement Info

Company NameSANICHI TECHNOLOGY BERHAD (MESDAQ Market) 
Stock Name SANICHI
Date Announced19 Jan 2007  
CategoryGeneral Announcement
Reference NoC&-070119-48973

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