STONE

0.030

(%)

OTHERS STONE MASTER CORPORATION BERHAD ("SMCB" OR "THE COMPANY") MUTUAL TERMINATION OF THE BUSINESS COLLABORATION AGREEMENT BETWEEN SMCB AND COSMIC MASTER HOLDINGS SDN. BHD.

STONE MASTER CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
STONE MASTER CORPORATION BERHAD ("SMCB" OR "THE COMPANY") 
MUTUAL TERMINATION OF THE BUSINESS COLLABORATION AGREEMENT BETWEEN SMCB AND COSMIC MASTER HOLDINGS SDN. BHD.

Futher to the Announcement made on 23rd November 2018 pertaining to the Business Collaboration Agreement (“BCA”) entered between Stone Master Corporation Berhad ("SMCB" or "the Company") with Cosmic Master Holdings Sdn. Bhd. (“CMH”) for all the intent and purposes as set out in the BCA and subject to all the salient terms and conditions as stated therein, the Board of Directors of SMCB wishes to announce that the BCA has been terminated with immediate effect with mutual understanding and agreement from both SMCB and CMH and that both parties shal release each other from the due performance and observance of all obligations and covenants as stipulated in the BCA and shall not have any further claims against each other for costs and damages arising out of or in connection with the termination of the said BCA.  The termination of the BCA does not have a material financial effect on the Company.

 

This Announcement is dated 6th March 2019.

 

 

 

 

 




Please refer attachment below.



Announcement Info

Company Name STONE MASTER CORPORATION BERHAD
Stock Name STONE
Date Announced 06 Mar 2019
Category General Announcement for PLC
Reference Number GA1-06032019-00055