DRBHCOM

1.460

+0.03 (+2.1%)

MEMORANDUM OF UNDERSTANDING DRB-HICOM BERHAD (DRB-HICOM OR THE COMPANY) - UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PERUSAHAAN OTOMOBIL NASIONAL SDN. BHD. ("PONSB") AND CHINA AUTOMOTIVE TECHNOLOGY AND RESEARCH CENTRE CO. LTD. ("CATARC")

DRB-HICOM BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
DRB-HICOM BERHAD (DRB-HICOM OR THE COMPANY)
- UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PERUSAHAAN OTOMOBIL NASIONAL SDN. BHD. ("PONSB") AND CHINA AUTOMOTIVE TECHNOLOGY AND RESEARCH CENTRE CO. LTD. ("CATARC")

Reference is made to the Company’s announcements dated 7 January 2020, 7 April 2020,  7 July 2020 and 7 October 2020 in relation to the MOU between PONSB and CATARC (“Announcements”).

 

Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

 

DRB-HICOM wishes to inform that PONSB and CATARC had on 6 January 2021 mutually agreed to extend the duration of the MOU for a further period that will be finalised in due course. All other terms and conditions of the MOU remain unchanged.

 

This announcement is dated 7 January 2021.






Announcement Info

Company Name DRB-HICOM BERHAD
Stock Name DRBHCOM
Date Announced 07 Jan 2021
Category General Announcement for PLC
Reference Number GA1-07012021-00053