PUC

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MEMORANDUM OF UNDERSTANDING PUC BERHAD ("PUC" OR THE "COMPANY") - UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PRESTO UNIVERSE SDN BHD (FORMERLY KNOWN AS PUC VENTURES SDN BHD) AND SMUZCITY BERHAD

PUC BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
PUC BERHAD ("PUC" OR THE "COMPANY")

- UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN PRESTO UNIVERSE SDN BHD (FORMERLY KNOWN AS PUC VENTURES SDN BHD) AND SMUZCITY BERHAD

Reference is made to the Company’s announcements dated 19 September 2019 and 19 December 2019 in relation to the MOU between Presto Universe Sdn Bhd (formerly known as PUC Ventures Sdn Bhd) (“PUSB”) and Smuzcity Berhad (“SCB”) (“Announcements”).

 

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

 

PUC wishes to inform that both PUSB and SCB are still in negotiation to finalise the definitive agreement. Any material and significant development will be updated accordingly. All provisions contained in the MOU shall remain in full force and effect.

 

This announcement is dated 19 March 2020.






Announcement Info

Company Name PUC BERHAD
Stock Name PUC
Date Announced 19 Mar 2020
Category General Announcement for PLC
Reference Number GA1-18032020-00130