General Announcement for PLC

25/02/2020

MEMORANDUM OF UNDERSTANDING Southern Steel Berhad ("SSB") - Status Update On The Memorandum Of Understanding ("MOU") Between SSB And Ann Joo Resources Berhad ("AJRB")

SOUTHERN STEEL BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description 
Southern Steel Berhad ("SSB")
- Status Update On The Memorandum Of Understanding ("MOU") Between SSB And Ann Joo Resources Berhad ("AJRB")

We refer to the announcements dated 7 October 2019 and 6 January 2020 in relation to the MOU between SSB and AJRB for the formation of a strategic alliance through a joint venture company in relation to their long product steel manufacturing businesses (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

SSB wishes to inform that there has been no material development on the status of the MOU since 6 January 2020. Both SSB and AJRB are still in discussions to finalise the definitive agreements.

 

 

This announcement is dated 25 February 2020.



Announcement Info

Company Name SOUTHERN STEEL BERHAD
Stock Name SSTEEL
Date Announced 25 Feb 2020
Category General Announcement for PLC
Reference Number GA1-25022020-00094


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