MCEHLDG

1.650

-0.05 (-2.9%)

MEMORANDUM OF UNDERSTANDING TERMINATION OF MEMORANDUM OF UNDERSTANDING WITH E-LEAD ELECTRONIC CO., LTD.,

MCE HOLDINGS BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
TERMINATION OF MEMORANDUM OF UNDERSTANDING WITH E-LEAD ELECTRONIC CO., LTD.,

Reference is made to the announcement dated 19 September 2017 in relation to the Memorandum of Understanding (“MOU”) between MULTICODE ELECTRONICS INDUSTRIES (M) BERHAD ("MCEIB") and E-LEAD ELECTRONIC CO., LTD., ("E-LEAD") for the purpose of setting forth a framework for the consultation and exchange of information and technology.

The Board of Directors of the Company wishes to announce that MCEIB and E-LEAD had mutually agreed to terminate the MOU with effect from 9 January 2020.

No definitive or cooperative agreement has been entered into by MCEIB with E-LEAD pursuant to the MOU. Both parties will continue to explore cooperation opportunities as and when such opportunities arises.

The termination of MOU does not have any financial impact to the Company and its subsidiaries.

This announcement is dated 9 January 2020. 






Announcement Info

Company Name MCE HOLDINGS BERHAD
Stock Name MCEHLDG
Date Announced 09 Jan 2020
Category General Announcement for PLC
Reference Number GA1-08012020-00032