General Announcement for PLC

07/01/2022

MEMORANDUM OF UNDERSTANDING SERSOL BERHAD ("Sersol" or "the Company") STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN SERSOL ENERGY SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF SERSOL BERHAD WITH AEROLEUM SDN. BHD. AND SILICON DESIGNS (M) SDN. BHD.

SERSOL BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
SERSOL BERHAD ("Sersol" or "the Company")

STATUS UPDATE ON THE MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN SERSOL ENERGY SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF SERSOL BERHAD WITH AEROLEUM SDN. BHD. AND SILICON DESIGNS (M) SDN. BHD.

Reference is made to the Company's announcement made on 1 October 2021 pertaining to the Memorandum of Understanding ("MOU") between Sersol Energy Sdn. Bhd., a wholly owned subsidiary of the Company with Aeroleum Sdn. Bhd. and Silicon Designs (M) Sdn. Bhd. to produce greener and cleaner fuel for Malaysia and for the purpose of capturing a sizeable market share of the hydrocarbon fuel market in Malaysia using a breakthrough proprietary technology knows as Nano Activated Fuel Technology.

 

The Board of Directors of the Company wishes to announce that there is no material development on the status of the MOU as announced previously. The Company shall make further announcements as and when there are further material developments in relation to the MOU.

 

The announcement is dated 7 January 2022.



Announcement Info

Company Name SERSOL BERHAD
Stock Name SERSOL
Date Announced 07 Jan 2022
Category General Announcement for PLC
Reference Number GA1-06012022-00081


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