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 |