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 and 7 April 2020 in relation to the MOU between PONSB and CATARC (“Announcement”).
Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
DRB-HICOM wishes to inform that PONSB and CATARC are still in the midst of discussion on potential strategic cooperation to leverage resources of R&D, engineering planning and testing services of both parties, in order to meet business objectives and customers’ requirements. PONSB and CATARC will continue to focus on potential strategic cooperation aiming to provide sustainable benefits to business partners and ecosystem of both parties. Any material and significant development will be updated accordingly. Save as disclosed above, all provisions contained in the MOU shall remain in full force and effect.
This announcement is dated 7 July 2020. |
Announcement Info
Company Name | DRB-HICOM BERHAD |
Stock Name | DRBHCOM |
Date Announced | 07 Jul 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-07072020-00009 |